BALIK PULAU (Nov 21): Land belonging to the people of Penang is being sold without profiting the people, as seen from the rampant sale of land by the DAP-led Penang state government.
PETALING JAYA: Crest Builder Holdings Bhd plans to carry out a regional soft launch of the Small-office Flexible-office (SoFo) units at its Latitud 8 mixed commercial development by the middle of next year as it anticipates the property market to pick up after Chinese New Year, said group managing director Eric Yong.
PETALING JAYA: Selangor-based property developer Stellar World Sdn Bhd is set to complete the first phase of the 151-acre The Gateways integrated development.
Just like how retailers offer discounts to keep sales up during a slow period, developers also have a few tricks up their sleeves to sell their properties amidst the current unfavourable economic climate.
SINGAPORE (Nov 18): Singapore real estate investment trusts (REITs) have seen price-to-book fall to 0.
KUALA LUMPUR (Nov 18): Standard Chartered Bank’s global research unit said it now expects Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) only in the later part of the first quarter of 2017 (1Q17).
PETALING JAYA: The inaugural TheEdgeProperty.
Construction sector Maintain overweight: According to a news report, Transport Minister Datuk Seri Liow Tiong Lai has cited a change in alignment, a longer tunnel link and a weak ringgit as the reasons for the cost of the East Coast Rail Link (ECRL) project jumping to RM55 billion from RM29 billion.
SINGAPORE (Nov 16): Dark clouds are gathering for Singapore real estate investments trusts (REITs).
KUALA LUMPUR (Nov 16): S P Setia Bhd is expected to see strong fourth quarter earnings, due to the handover of the property developer's two overseas projects, according to RHB Research Institute Sdn Bhd.
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