News about US

Sime Darby Bhd June 15 (RM7.

LOCATION, location, location — this is the mantra that the real estate world lives and breathes.

SINGAPORE (July 15): Manulife US REIT has secured mortgage loan facilities from Wells Fargo Bank and National Association Royal Bank of Canada for US$296 million (RM1.

KUALA LUMPUR (July 14): Bank Simpanan Nasional (BSN) is striving to get 10,000 new borrowers for its Youth Housing Scheme to boost its current low take-up rate, Bernama reported today.

SINGAPORE (July 14): Daiwa Capital Markets is keeping its “positive” rating on Singapore Real Estate Investment Trusts (S-REITs), but has “low expectations” ahead of announcement of 2Q16 results by the 14 S-REITs under its coverage starting Friday.

MALAYSIAN real estate investment trusts (M-REITs) are touted as safe haven assets for investors seeking safety in dividend yields post-Brexit.

MALAYSIAN real estate investment trusts (M-REITs) may soon be allowed to put as much as 15% of their total assets into development projects and vacant land for development and are already positioning themselves for the liberalisation that is slated for the end of the year, industry sources say.

KUALA LUMPUR (July 12): Ireka Corp Bhd (Ireka) has aborted the freehold land acquisition measuring 21.

SINGAPORE (July 12): CapitaLand's wholly-owned serviced residence business unit, The Ascott, is acquiring a 221-unit serviced residence in Docklands, Melbourne, for A$71 million (S$71 million) (RM210 million) as part of its partnership with Australian-based apartment operator Quest Apartment Hotels.

PETALING JAYA (July 12): The rising price of homes is one of the biggest complaints of Malaysians, especially for city folk.