IOI Properties 4Q profit down 3% on higher tax expenses, pays 8 sen dividend
KUALA LUMPUR (Aug 22): IOI Properties Group Bhd has reported a 3% drop in net profit for its fourth financial quarter ended June 30, 2016 (4QFY16) to RM389.
Have the wheels of fortune stopped turning for Genting Singapore?
SINGAPORE (Aug 22): UOB Kay Hian is maintaining its “buy” rating for Genting Singapore, but with a lower target price of 84 cents from 88 previously as the casino operator is hit by lower mass market gross gaming revenue (GGR) at its Resorts World Sentosa (RWS) integrated resort.
Shifting attention of consumers back to offline
DUE to the rising use of smartphones and the internet, what can retailers do to enhance their competitiveness? JLL Malaysia managing director YY Lau says with urbanisation, changing demographics and consumer behaviour, shopping habits have also evolved, forcing mall owners to rethink the way they operate.
Alignments, stations for KL-S’pore HSR yet to be finalised
KUALA LUMPUR (Aug 19): Alignments and station locations for the Kuala Lumpur-Singapore high-speed rail (HSR) project are yet to be finalised, except for the location of HSR Terminus in Kuala Lumpur, which is Bandar Malaysia, said MyHSR Corp Sdn Bhd.
MyHSR to freeze land areas to determine best locations for HSR stations in Malaysia
PETALING JAYA (Aug 18): MyHSR Corp Sdn Bhd is currently working with the Malaysian federal and state governments and authorities to determine the best locations for the Kuala Lumpur-Singapore High Speed Rail (HSR) stations.
UMLand’s corporate exercise to be completed by year end
UNITED Malayan Land Bhd (UMLand) is undergoing a corporate exercise to streamline its activities to ensure greater growth.
Sime Darby launches RTO of Japanese REIT, Saizen
KUALA LUMPUR (Aug 15): Sime Darby Bhd has initiated a reverse takeover (RTO) of Japan’s Saizen Real Estate Investment Trust (REIT) under which it will be injecting several of its industrial properties in Australia into the REIT, in exchange for a a certain amount of units in the REIT and cash.
How the Singapore-KL HSR could affect property prices in Singapore
TWO years ago, Singaporean David Neubronner moved into his new home at Straits View Residences, a gated landed housing community located in the Permas Jaya housing estate of Johor Bahru.
Sunway seeks opportunities amidst an economic downturn
PETALING JAYA (Aug 13): Some developers might be deterred by the sluggish property market by pushing back their launches but Sunway Property, the property development arm of Sunway Bhd, sees opportunities in the downturn.
Property cooling measures unlikely to be removed before 2017, say Singapore property analysts
HOMEBUYERS and investors who have been waiting on the sidelines for the government to tweak the property cooling measures before committing to a purchase will have to wait a little longer.
