China’s Zhejiang province takes ‘action plan’ to reduce unsold, unused properties
KUALA LUMPUR (July 13): The property glut monster in China has now reached Zhejiang province.
M-REITs may be allowed to build own properties
MALAYSIAN real estate investment trusts (M-REITs) may soon be allowed to put as much as 15% of their total assets into development projects and vacant land for development and are already positioning themselves for the liberalisation that is slated for the end of the year, industry sources say.
Singtel subsidiary wins S$10m contract to develop Smart HDB towns
SINGAPORE (July 12): Singtel Group's subsidiary, NCS, was awarded a S$10 million contract on Monday by Singapore’s Housing & Development Board (HDB) to develop a new Smart Urban Habitat Master Plan (SUHMP).
CapitaLand’s Ascott to buy prime Australian property for S$71 mil
SINGAPORE (July 12): CapitaLand's wholly-owned serviced residence business unit, The Ascott, is acquiring a 221-unit serviced residence in Docklands, Melbourne, for A$71 million (S$71 million) (RM210 million) as part of its partnership with Australian-based apartment operator Quest Apartment Hotels.
A 3-room house for RM20,000!? No, we are not joking
PETALING JAYA (July 12): The rising price of homes is one of the biggest complaints of Malaysians, especially for city folk.
Right time for Tiong Nam to go for warehouse REIT listing
Tiong Nam Logistics Holdings Bhd July 11 (RM1.
Wanted: Master plan to transform Jurong Lake District into 2nd CBD
SINGAPORE (July 11): The Urban Redevelopment Authority (URA) has launched a Request for Proposal (RFP) today, inviting multi-disciplinary teams to develop master plan proposals for Singapore’s Jurong Lake District, according to a press release dated Monday.
UEMS, E&O earnings below expectations
Property sector Maintain neutral: Out of eight property developers under our coverage, two (UEM Sunrise Bhd [UEMS] and Eastern & Oriental Bhd [E&O]) reported earnings below expectations.
Buyer for land near palace?
KUALA LUMPUR (July 11): All eyes are on the price tag that the ministry of finance (MoF) could fetch for the two parcels of land that it has put up for sale near Damansara Heights at the time when the property market is experiencing a slowdown.
Inside the S$48 mil ‘Copper House’
SENTOSA Cove has some of the priciest waterfront resort homes built on 99-year leasehold reclaimed land.
