News about Ong

Sold for: RM435,000 (RM753 psf) Concluded by: Derrick Hum (REN 10765) of Property Exchange (012-723 0309) When: October 2016 Noteworthy: ● Freehold ● 578 sq ft ● One bedroom and one bathroom ● High floor ● Facilities: Children’s playground, wading pool, gymnasium, leisure pool, lap pool, multipurpose hall, open terrace and sauna Situated on a three-acre freehold site, Desa Green is a high-density serviced apartment developed by UOA Development Bhd.

KUALA LUMPUR (Feb 8): Central London’s office take-up rate for the final quarter of 2016 has totalled 3.

SINGAPORE (Feb 7): Yanlord Land Group has acquired an additional interest of 19.

KUALA LUMPUR (Feb 7): PLB Engineering Bhd is disposing of a piece of freehold agriculture land in Kulim, Kedah, to Tiong Nam Logistics Solutions Sdn Bhd for RM9.

SINGAPORE (Feb 7): Leasing your apartment or room out on a short-term basis through homestay networking services such as Airbnb may very soon be ruled as illegal under Singapore law.

KUALA LUMPUR (Feb 7): KIP Real Estate Investment Trust (KIP REIT) will be looking for acquisition opportunities in Malaysia to expand its KiP brand of hybrid community-centric retail centres nationwide.

SINGAPORE (Feb 6): Singapore-listed developer Wing Tai Holdings Ltd reported earnings of S$3.

KUALA LUMPUR (Feb 3): AmInvestment Bank Research, which issued an unrated report on Batu Kawan Bhd, sees the stock as an undervalued gem.

KUALA LUMPUR (Jan 27): Hong Leong IB Research has maintained its “Buy”rating on Sime Darby Bhd with a higher target price of RM10.

SINGAPORE (Jan 26): Perennial Somerset Investors (PSIPL), a consortium led by Perennial Real Estate Holdings (Perennial), has agreed to divest a 70% stake in TripleOne Somerset to Simply Swift Limited, an indirect wholly-owned subsidiary of Hong Kong-listed Shun Tak Holdings.