KUALA LUMPUR (Jan 24): With Malaysia’s general elections looming, political uncertainty has affected market sentiments and this will have an impact on the general property sector and the commercial property segment in particular.
KUALA LUMPUR (Dec 6): The average occupancy rate of retail space in the Klang Valley, which has been falling marginally over the last six years, is now hovering at a five-year low of 86%, said real estate services firm Nawawi Tie Leung Sdn Bhd (NTL).
KUALA LUMPUR (Oct 17): WCT Holdings Bhd plans to raise up to RM242 million via a private placement — the second fundraising exercise this year — to fund infrastructure and property development projects and reduce debt.
KUALA LUMPUR (Sept 26): Damansara Realty Bhd announced today that it has decided to revise the exercise price of its proposed bonus warrants to 58 sen apiece, from 82 sen previously.
SINGAPORE (Sept 5): The Ministry of National Development has raised the development charge (DC) rates for land use groups: commercial; landed residential; and non-landed residential for the period of Sept 1 to February 28, 2018.
SINGAPORE (July 13): CapitaLand, CapitaLand Commercial Trust (CCT), Mitsubishi Estate (MEC) have formed a joint venture (JV) to redevelop Golden Shoe Car Park (GSCP) into a landmark integrated development in Raffles Place, which is estimated to cost a total of S$1.
SINGAPORE (July 4): UOB Kay Hian is reiterating its “buy” call on CapitaLand Commercial Trust (CCT), following news of its divestment of Wilkie Edge to construction and property development firm, Lian Beng Group, for a consideration price of S$280 million (RM870 million).
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