Bina Puri mulls raising fund

KUALA LUMPUR (June 22): Bina Puri Holdings Bhd is considering making a cash call from investors via a rights issue to reduce its gearing to as low as 1.

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DONE DEAL: The Zest serviced apartment, Kinrara 9, Bandar Kinrara, Puchong

Sold for: RM572,000 (RM480 psf) Concluded by: Ken Lai Kian Yoong (REN 04845, 017-606 9056) and Lim Hui Lin (REN 11542, 018-2759199) from Polygon Properties Sdn Bhd When: April 2017 Noteworthy: ● Freehold ● Built-up: 1,191 sq ft ● Has a pool view ● Nearby amenities: restaurants, mini markets, banks, golf courses (Kinrara Golf Club, Bukit Jalil Golf Club and Mines Golf & Country Resort), shopping malls (Giant Kinrara, IOI Mall) and LRT Station along Ampang Line Extensions (between Station BK5 and Station Alam Sutera) Developed by Trinity Group of Companies, The Zest is a mixed development located in Bandar Kinrara 9, Puchong.

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UK property market resilient amidst political uncertainty

PETALING JAYA (June 13): While the outcome of the UK general election has not been decisive, thus causing further political uncertainty, the appeal of the UK property market is unlikely to be significantly diminished from an Asian business or investors’ point of view, real estate consultancy firm Knight Frank said in a post-election statement.

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