SMD to roll out RM800 mil worth of projects in Kundang
PETALING JAYA (June 5): SMD Development Sdn Bhd is planning property launches worth some RM880 million starting mid-2017 to 2019, said its CEO Datuk Jeffery Tan.
Gradual recovery ahead, says IJM Land
PETALING JAYA (June 5): Do not expect the property market to experience the kind of boom that it went through in the last cycle — this was IJM Land Bhd managing director Edward Chong’s view of the Malaysian property market.
Forebase Property to launch Hemmon House in KL in September
PETALING JAYA (June 3): Forebase Property Sdn Bhd, a subsidiary of Forebase Hong Kong Ltd, is looking to launch its maiden project in Malaysia — Hemmon House in Jalan Inai, Kuala Lumpur this September.
Mapletree acquires portfolio of US & Canada assets worth S$2.2 bil
SINGAPORE (June 2): Mapletree Investments, the Temasek-backed property development, investment and capital management company, acquired a portfolio of assets from Kayne Anderson Real Estate Advisors worth US$1.
Tie-up with EPF helps reduce MRCB's cash flow burden, say analysts
KUALA LUMPUR (June 2): Malaysian Resources Corp Bhd's (MRCB) tie-up with the Employees Provident Fund (EPF) will help reduce the conglomerate's burden of having to finance the entire Bukit Jalil project here by itself, said analysts, who are positive on the proposed joint venture (JV).
It's official: the Obamas are Washington homeowners
WASHINGTON (June 2): Former US president Barack Obama and his wife Michelle initially decided to stay in Washington once he left the White House so their daughter Sasha could finish high school.
Ascott Residence Trust acquires Doubletree by Hilton hotel in Manhattan for S$148 mil
SINGAPORE (May 31): Ascott Residence Trust (ART) is acquiring DoubleTree by Hilton Hotel New York – Times Square South for US$106 million (S$148.
Fajarbaru 3Q earnings surges eight times on property development revenue
KUALA LUMPUR (May 31): Fajarbaru Builder Group’s net profit in the third quarter ended March 31, 2017 (3QFY17) grew close to eight times to RM22.
Mulpha 1Q net loss narrows on higher property, investment profits
KUALA LUMPUR (May 31): Mulpha Internatinational Bhd’s first quarter net loss narrowed to RM1.