Most developers cautious about FY16 outlook

Property sector Maintain neutral: Among our coverage universe, Matrix Concepts Holdings Bhd is the only developer that has managed to achieve positive growth in full-year sales (+28% year-on-year [y-o-y]) mainly due to its focus on the affordable mass market with a pricing range of below RM600,000.

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Binastra Land in talks with AccorHotels for new hotel brand

PETALING JAYA (March 23): Binastra Land Sdn Bhd, a wholly-owned subsidiary of Binastra Group, is in talks with AccorHotels Group to bring in a new hotel brand to its upcoming mixed development ION at Jalan Sungai Besi, said Binastra Land executive director Datuk Ong Theng Soon.

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Battersea reveals new commercial tenants

LONDON (March 17): Battersea Power Station Development Company Ltd, a Malaysian consortium comprising the Employees Provident Fund, S P Setia Bhd and Sime Darby Property Bhd, have unveiled the first eight new shops, restaurants and cafe going into Circus West, the first phase of Battersea Power Station.

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