Matrix Concepts posts RM50.4 mil profit for 3Q, declares 3.5 sen dividend
KUALA LUMPUR (Feb 23): Property developer Matrix Concepts Holdings Bhd has reported a net profit of RM50.
CityDev’s FY2016 earnings fall 15.5% to S$653.2 mil on absence of PPS profit
SINGAPORE (Feb 23): City Developments Ltd (CDL) reported FY2016 earnings of S$653.
2017 continues to favour office-tenant market, says Knight Frank
KUALA LUMPUR (Feb 23): Knight Frank Malaysia expects 2017 to remain as an office-tenant-favoured market due to more incoming supply in 2017 and 2018.
Residential property sector bottoming
KUALA LUMPUR (Feb 23): Malaysia’s residential property absorption rate has hit a 14-year low, according to Kenanga Investment Bank Bhd head of equity research Sarah Lim.
GIC announces joint acquisitions of S$1.05 bil Washington DC office portfolio
SINGAPORE (Feb 23): Singapore’s sovereign wealth fund GIC says it has formed joint ventures (JVs) with a group of investors to acquire over 2.
Econpile surges 7.46% on bagging RM570.4 mil job
KUALA LUMPUR (Feb 23): Econpile Holdings Bhd shares surged 7.
IOI Properties’ 2H sales to stay strong — analysts
KUALA LUMPUR (Feb 23): IOI Properties Group Bhd’s sales is expected to remain strong in the second half of the financial year ending June 30, 2017 (2HFY2017) on the back of its Trilinq condominium project in Singapore, said analysts.
US federal court approves plan to sell Jho Low’s hotel
KUALA LUMPUR (Feb 23): A US federal judge has given the green light for the US Department of Justice (DoJ) and New York developer Steven Witkoff’s proposed plan to sell the Park Lane Hotel, The Wall Street Journal (WSJ) reported.
Revitalising Chip Eng Seng
CEL Development, the property development arm of listed construction group Chip Eng Seng Corp, will preview the 720-unit Grandeur Park Residences on Feb 18.
The other windy city
BAKU, the capital of Azerbaijan, is an oasis in a wasteland littered with untidy cement-block buildings, industrial machinery and gritty towns with sad mini-markets.
