News about S

SINGAPORE (Sept 7): CIMB Research is keeping its “overweight” rating on Singapore’s property segment given that investors are still seeking shelter in yield.

KUALA LUMPUR (Sept 7): The Federal Land Development Authority (Felda) will start the construction of single-storey terraced homes under the Felda New Generation Housing programme in about one or two months, said chairman Tan Sri Mohd Isa Abdul Samad, according to a Bernama report yesterday.

Eversendai Corp Bhd (Sept 6, 47 sen) Maintain outperform call with a lower target price of 63 sen: We attended Eversendai Corp Bhd’s briefing and came away feeling “neutral” on its outlook.

KUALA LUMPUR (Sept 7): Although the central bank’s governor indicated in July that the Bank Negara Malaysia (BNM) has no plans to cut the key rate further in the next few monetary policy meetings this year, economists argue there is still room for another round of easing.

“You coming?” asks Professor Dr Jimmy Lim, founder and principal of Jimmy Lim Design, as he steps into his home office.

  CONTRACTOR-cum-developer Crest Builder Holdings Bhd, which has seen its earnings and revenue fluctuate from year to year, plans to reduce the fluctuations by staggering the timing of its property projects, says managing director Eric Yong Shang Ming.

IREKA Group of Companies has been keeping a relatively low profile in the property development sector in the past few years.

KUALA LUMPUR (Sept 6): Sunway Developments Pte Ltd, a unit of Sunway Bhd, along with its joint venture partners have won a tender to acquire a 99-year leasehold land at Anchorvale Lane in Sengkang, Singapore from the Housing and Development Board of Singapore for S$240.

SINGAPORE (Sept 6): CIMB Research is maintaining its "overweight" call on Asean REITs which have outperformed year-to-date as investors seek shelter in yield.

PETALING JAYA (Sept 6): Some residential bungalow owners along Jalan Gasing in Petaling Jaya are puzzled with the disparity in the valuations done on their properties by private valuers, and those done by the Valuation and Property Services Department (JPPH).