Zenith picks up BUCG’s stake in consortium
GEORGE TOWN (Sept 8): Consortium Zenith BUCG Sdn Bhd (CZBUCG) has decided not to look for a new shareholder to replace Beijing Urban Construction Group Co Ltd (BUCG) in the RM6.
Providing a level playing field for local architects
LOOKING at old photos of Kuala Lumpur, one would notice that there were few tall buildings at the time.
Keppel Land in JV to develop Phase 2 of Junction City in Yangon
SINGAPORE (Sept 7): Keppel Land, the property arm of Keppel Corporation, has entered into a conditional joint venture agreement with Shwe Taung Group to develop premium serviced residences and offices in the second phase of Junction City in Yangon, Myanmar.
BNM stands pat on key interest rate at 3%
KUALA LUMPUR (Sept 7): As expected, Bank Negara Malaysia (BNM) today kept its key policy rates unchanged at 3%.
AmInvest wants to increase exposure to REITs but rates M'sia as underweight
KUALA LUMPUR (Sept 7): AmFunds Management Bhd, or more commonly known as AmInvest, has rated Malaysia's real estate investment trust (REIT) as "underweight", despite seeking to double its investment to RM500 million in that asset class by next March.
Eversendai’s outlook looks ‘neutral’
Eversendai Corp Bhd (Sept 6, 47 sen) Maintain outperform call with a lower target price of 63 sen: We attended Eversendai Corp Bhd’s briefing and came away feeling “neutral” on its outlook.
‘Recovery will be a gradual process’
IREKA Group of Companies has been keeping a relatively low profile in the property development sector in the past few years.
Sunway's JV buys land in Singapore for S$240.95 mil
KUALA LUMPUR (Sept 6): Sunway Developments Pte Ltd, a unit of Sunway Bhd, along with its joint venture partners have won a tender to acquire a 99-year leasehold land at Anchorvale Lane in Sengkang, Singapore from the Housing and Development Board of Singapore for S$240.
Why strata owners need to attend general meetings
There is a clear lack of awareness and understanding on the part of homebuyers in relation to strata living which, consequently, leads to several common misconceptions.