News about S

KUALA LUMPUR (Jan 18): Spring Gallery Bhd is making its maiden foray into the property development market through a joint venture (JV) with Hasil Senudong Sdn Bhd to develop a residential project in Kledang Utara, Perak.

KUALA LUMPUR (Jan 18): Berjaya Land Bhd has appointed its executive director Datuk Pee Kang Seng @ Lim Kang Seng as its chief executive officer (CEO) from today.

KUALA LUMPUR (Jan 18): This year will see all eyes — including property developers’ — on affordable housing priced between RM400,000 and RM500,000, said property consultancy firm CBRE | WTW.

KUALA LUMPUR (Jan 18): Sime Darby Bhd today confirmed that the conglomerate and two other property groups, SP Setia Bhd and I&P Group Sdn Bhd, have aborted their plans to jointly develop an affordable housing project in Indonesia worth 11.

SINGAPORE (Jan 18): The manager of CapitaLand Commercial Trust (CCT) has reported a distribution per unit (DPU) of 2.

SINGAPORE (Jan 18): Deutsche Bank expects a challenging 2017 for the local property market despite forecasting a recovery.

KUALA LUMPUR (Jan 18): Kwasa Land Sdn Bhd, the master developer of the Kwasa Damansara township here, has awarded the development rights of a 21.

KUALA LUMPUR (Jan 18): Due to an oversupply, high-end strata properties particularly Small-office Home-office (SoHo) and Small-office Virtual-office (SoVo) units could see prices falling by at least 10% this year, according to property consultancy firm CBRE | WTW.

KUALA LUMPUR (Jan 18): TA Securities Research has maintained its “Underweight” rating on the property sector, as “weak market sentiment, increasing supply and tight lending environment are expected to weigh on property sales”.

KUALA LUMPUR (Jan 18): RHB Retail Research said Ekovest Bhd may rise higher after posting a long white candle and hitting its highest close in nearly two months.