Here’s why CityDev is still RHB’s preferred pick
SINGAPORE (March 23): RHB is keeping City Developments (CDL) at “buy” with a higher target price of S$11.
CapitaLand Commercial Trust and CapitaLand Mall Trust set up US$2 bil Euro-medium term note programme for RCS Trust
SINGAPORE (March 23): The trustee managers of CapitaLand Commercial Trust (CCT) and CapitaLand Mall Trust (CMT) has established a US$2 billion (S$2.
MBSB makes multiple new board appointments
KUALA LUMPUR (March 23): Malaysia Building Society Bhd (MBSB) made multiple appointments to its board of directors effective yesterday.
Asian cities are getting more expensive, Singapore tops the list for 4th consecutive year
PETALING JAYA (March 23): According to the “Worldwide Cost of Living Survey 2017” by The Economist Intelligence Unit (EIU), Singapore is the most expensive city in the world, with Asia being home to five out of the top six priciest cities in the survey.
Strong demand remains for properties
Property sector Maintain neutral: Although the value of residential loans approved, an indicator of property sales, fell 15% in 2016, four out of the seven developers in our coverage managed to grow their property sales by 3% to 77% in 2016.
Anzo unit gets deal to build phase two of Melaka hotel
KUALA LUMPUR (March 23): Anzo Holdings Bhd’s wholly-owned construction arm, Harvest Court Construction Sdn Bhd, had received a letter of intent from Tinta Anggun Engineering Sdn Bhd for a RM109.
BLand 3Q improves on higher property, hotel contributions
KUALA LUMPUR (March 23): Berjaya Land Bhd (BLand) posted a net profit of RM33.
Public tranche of Eco World International’s IPO oversubscribed
KUALA LUMPUR (March 23): The public tranche of Eco World International Bhd’s (EWI) initial public offering (IPO) has been oversubscribed by 8.
S$3.5 mil profit at Ardmore Park
On Feb 28, a 2,885 sq ft unit at Ardmore Park in prime District 10 was sold at a S$3.
Metronic Global cancels JV to develop RM80 mil mixed project after agreement lapsed
KUALA LUMPUR (March 23): Metronic Global Bhd has terminated its joint venture (JV) with Northern Paradise Sdn Bhd to build a mixed development project with an estimated gross development value of RM80 million, after their agreement lapsed.
