News about Melbourne

MELBOURNE (May 17): OSK Property Holdings Bhd plans to have the Malaysian preview of its first project in Melbourne, Australia by early June.

MELBOURNE, Australia (May 15): The vacant property tax, which is set to be implemented in January next year in the state of Victoria, will not have a “catastrophic effect” on the local property market, said Charter Keck Cramer director James Mansour at a media briefing for Malaysian press on the Australian Property Market today.

Eco World International Bhd (May 3, RM1.

KUALA LUMPUR (April 13): Matrix Concepts Holdings Bhd is putting its plans to expand its property development business overseas on hold, as it strives to cater to existing demand for properties in Malaysia.

PETALING JAYA (April 10): Newly-listed Eco World International Bhd (EWI) today announced the proposed acquisition of an 80% stake in Salcon Development (Australia) Pty Ltd which owns  a 2,128 sq m plot of land in South Yarra, Melbourne.

PETALING JAYA (April 5): The Employees Provident Fund (EPF) has entered into an agreement to subscribe a 49% interest in Yarra Park City Pty Ltd (YPC) for A$154 million (RM517 million), expanding its property investment portfolio in Australia, OSK said in a statement today.

SINGAPORE (April 4): Ascendas Fund Management, the manager of Ascendas REIT, today announced completion of the REIT’s acquisition of Stage 4, Power Park Estate in Melbourne, Australia, from Goodman Dandenong Trust for a purchase consideration of A$24.

KUALA LUMPUR (March 15): Kuala Lumpur and Bangkok are generating higher investor interest in direct commercial real estate investment, according to JLL’s newly released Investment Intensity Index.

SINGAPORE (March 6): Property group UOL is acquiring Hilton Melbourne South Wharf for A$230 million (S$246 million) (RM776 million).

SINGAPORE (Jan 26): Ascendas Hospitality Trust saw DPS grow 13.