DONE DEAL: Solaris Dutamas serviced residence, Kuala Lumpur
Sold for: RM975,000 (RM920 psf) Concluded by: Ann Soh (REN 03232) of One Sunterra Properties (018-369 8650) When: June 2016 Noteworthy: ● Freehold ● Built-up: 1,060 sq ft ● Completed in 2009 ● Developed by Sunrise Bhd (now UEM Sunrise) ● 2 bedrooms, 2 bathrooms ● Located above a mall According to the agent, Ann Soh of One Sunterra Properties, the unit is located on the 16th floor of Publika, a shopping mall favoured by expats.
GuocoLand unit submits winning bid
SINGAPORE (Nov 30): GuocoLand Ltd said its Chengdu subsidiary in China submitted the winning bid price of 3.
First block of JKG Land’s The Era Duta North 50% booked in two weeks
KUALA LUMPUR (Nov 25): Kedah-based developer JKG Land Bhd’s flagship development in the Klang Valley, The Era Duta North, has received encouraging response with 50% of its 470-unit Block A booked within two weeks.
GuocoLand 1Q net profit down 99% on absence of fair value gain
KUALA LUMPUR (Nov 18): GuocoLand (Malaysia) Bhd, which is controlled by tycoon Tan Sri Quek Leng Chan, saw net profit for the first quarter ended Sept 30, 2016 (1QFY17) fall near 99% year-on-year (y-o-y) to RM265,000 or 0.
Marrying financial heft with property expertise
Tycoon Tan Sri Quek Leng Chan, through his Singapore-listed vehicle GuocoLand Ltd, has agreed to take a 27% stake in Eco World International Bhd’s (EWI) initial public offering (IPO), slated to take place by March next year.
GuocoLand’s stake in Eco World gets a ‘yes’ vote
SINGAPORE (Oct 28): GuocoLand’s participation in Eco World Development Group’s planned IPO of Eco World International (EWI) has CIMB maintaining its “add” call with a target price of S$2.
Strong performance for Eco World International projects despite Brexit concerns
KUALA LUMPUR (Oct 27): Eco World International Bhd’s (EWI) projects in UK have performed well despite concerns over the impact of Brexit on residential property demand in London, said its president and chief executive officer Datuk Teow Leong Seng.
EcoWorld and GuocoLand join forces for Eco World International’s IPO
KUALA LUMPUR (Oct 27): Eco World Development Group Bhd (EW Bhd) has entered into a strategic partnership with GuocoLand Ltd, a member of Hong Leong Group, for Eco World International Bhd’s (EWI) upcoming initial public offering (IPO) on Bursa Malaysia Securities Bhd.
GuocoLand posts 95% fall in 1Q earnings to S$25.6 mil
SINGAPORE (Oct 24): Developer GuocoLand saw 1Q earnings fall 95% to S$25.
