Can Ascott Residence be the Airbnb of serviced residences?
SINGAPORE (Oct 14): Ascott Residence Trust (ART) could benefit from parent CapitaLand’s recent tie-up with Tujia, dubbed China’s answer to Airbnb, says UOB Kay Hian lead analyst Derek Chang in a Oct 14 report which has a “buy’ on ART with S$1.
UEM Sunrise commences construction of Conservatory
MELBOURNE (Oct 12): Property developer UEM Sunrise Bhd has commenced construction of Conservatory, its second project in Melbourne, Australia, the group announced in a press release today.
EcoWorld to use placement proceeds for EWI subscription
SEMENYIH (Oct 12): Eco World Development Group Bhd (EcoWorld) said it intends to use the proceeds from its latest private placement to partly finance its subscription of Eco World International Bhd (EWI), which is slated for listing.
Switching focus to the supply side
NOWADAYS whenever people talk about buying properties, more often than not, they blame banks for not lending enough.
Bank Negara says 'broader alternatives to home ownership' key to protect buyers
KUALA LUMPUR (Oct 11): Bank Negara Malaysia said developing broader home ownership alternatives, including a well-functioning rental market, was deemed a policy priority to protect homebuyers from financial hardship.
Sime’s Saizen REIT buy is back on track
KUALA LUMPUR (Oct 11): Sime Darby Bhd’s plans to acquire a majority stake in Singapore-based Saizen Real Estate Investment Trust (REIT) through a reverse takeover is back on track.
Parkwood to launch Avant Industrial Park
KUALA LUMPUR (Oct 10): Parkwood Developments Sdn Bhd, the property arm of steel pipe maker Amalgamated Industrial Steel Bhd (AISB), is offering early bird packages to buyers of its maiden property project called Avant Industrial Park in Shah Alam, Selangor.
Penang government mulls measures against abusers of affordable housing scheme
GEORGE TOWN (Oct 7): The Penang government is still awaiting a final opinion from its legal advisor's office pertaining to measures to be taken against those who abused the affordable housing system, Bernama reported today.
