SINGAPORE (June 22): GuocoLand on Wednesday announced that 70% of retail space at Tanjong Pagar Centre has been taken up, ahead of the development’s scheduled completion in 3Q16.
SINGAPORE (June 15): Property group CapitaLand announced that it is setting up a venture fund, C31 Ventures, to tap global tech start-ups in its ongoing effort to “innovate and build real estate of the future”.
SEOUL (June 6): The South Korean ministry of land, infrastructure and transport (Molit) plans to engage with the relevant parties in Malaysia to promote its high-speed rail (HSR) technology, in a move to facilitate a South Korean consortium’s bid for the upcoming 375km Kuala Lumpur-Singapore HSR project.
KUALA LUMPUR (June 3): The Master Builders Association Malaysia (MBAM) has voiced opposition to safeguard measures on steel products, arguing that without the free flow of imports, prices of steel bars may be uncontrollable.
SINGAPORE (June 2): Frasers Property Australia says construction firm Brookfield Multiplex has been awarded a A$290 million ($290 million) contract to build the DUO in Sydney.
SINGAPORE-listed property firm UOL Group Ltd, which owns and operates the Parkroyal and Pan Pacific brands, will see its hospitality portfolio in Malaysia grow in the next two to three years as it adds two new hotels and expands an existing hotel asset in Kuala Lumpur.