Genting, Pavilion in US$6 bil Vietnam project

KUALA LUMPUR (Aug 4): Malaysia's Genting Group and Pavilion Group are partnering with Vietnam-based property developer Van Thinh Phat Group Corp to develop the US$6 billion (about RM24 billion) Saigon Peninsula mixed project in Ho Chi Minh City, Vietnam.

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DaMen, Intermark lift PavREIT’s 2Q NPI up 13%

KUALA LUMPUR (July 29): Rental income from DaMen Mall and Intermark Mall, which Pavilion Real Estate Investment Trust (PavREIT) acquired at end-March, lifted the trust’s net property income (NPI) for the second quarter ended June 30, 2016 (2QFY16), by 13.

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Ho Hup trims FY16 profit growth target

KUALA LUMPUR (May 24): Ho Hup Construction Company Bhd, which saw its earnings slip 5% in the first quarter ended March 31, 2016 (1QFY16), has trimmed its profit after tax (PAT) growth target to between 15% and 20% for FY16, in view of the continued slowdown in the property market.

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