News about ST

PETALING JAYA (June 18): While Sydney will see the imposition of a 4% stamp duty surcharge on foreign homebuyers next week, Jalin Realty International does not see this as the biggest challenge to Sydney’s property market.

KUALA LUMPUR (June 17): A total of 5,851 out of 6,534 cases of housing developers who did not abide by the sale and purchase agreement since 2013 to May 31 this year have been settled by the National Housing Tribunal, Bernama reported yesterday.

KUALA LUMPUR (June 17): CIMB Investment Bank Bhd (CIMB IB) is projecting a limited downside for S P Setia Bhd if the UK votes to leave the European Union (EU).

KUALA LUMPUR (June 17): Sunway Bhd expects to sustain its performance for the current financial year ending Dec 31, 2016 (FY16) despite challenges faced by the property and construction sectors.

KUALA LUMPUR (June 17): Hong Leong IB Research has maintained its “Neutral” rating on the property sector with IOI Properties Group Bhd as its top pick after cooling measures were recently announced in several states in Australia to curb speculation by foreign property buyers.

KUALA LUMPUR (June 16): Bandar Malaysia Sdn Bhd has obtained funding for its massive project with the setting up of a fund backed by leading Chinese and Malaysian banks, with an asset base exceeding US$13 trillion.

KUALA LUMPUR (June 16): AmanahRaya Real Estate Investment Trust (REIT) is acquiring a land together with a four-storey office building in Cyberjaya for RM40 million.

KUALA LUMPUR (June 16): Malaysia Smelting Corp Bhd (MSC) is buying three parcels of land at Pulau Indah Industrial Park, Westport — along with plant and machinery on the properties — for RM50 million.

WHO: Combining the old with the familiar and coming up with something unexpected is how Singapore-based designer Jarrod Lim describes his creative process.

KUALA LUMPUR (June 15): The Penang government has issued a halt order on the 83%-complete feasibility studies and detailed design (FSDD) for the 7.