Gabungan AQRS to sell One Jesselton hotel, suites — source

KUALA LUMPUR: Gabungan AQRS Bhd, which inked a memorandum of understanding (MoU) with Singapore-based Tera Capital Pte Ltd to jointly develop its One Jesseltown Waterfront project in Kota Kinabalu, Sabah, may cash in on its hotel and serviced suites there for between RM400 million and RM500 million.

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Losses mount in resale market in Singapore

The take-up rate of new homes, as measured by the sales-to-launch ratio, has dropped from 117% in March to 96% last month, notes Nicholas Mak, executive director of research and consultancy at SLP International.

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