Hong Kong housing prices hit new high, but could be higher, says JLL
PETALING JAYA (June 9): Hong Kong’s residential prices have gone up 75.
HLIB Research starts coverage on Protasco, target price RM1.20
KUALA LUMPUR (June 9): Hong Leong IB Research has initiated coverage on Protasco Bhd with a “Buy” rating and target price of RM1.
CIMB Research starts coverage on Selangor Properties, target RM5.12
KUALA LUMPUR (June 9): CIMB IB Research has initiated coverage on Selangor Properties Bhd (SelProp) at RM4.
DONE DEAL: Desa Green serviced apartment, Taman Desa, Kuala Lumpur
Sold for: RM420,000 (RM726psf) Concluded by: Tommy Koay (REN 07708) of Concept Property and Valuation (013-386 8108) When: February 2017 Noteworthy: ● Freehold ● Built-up area: 578 sq ft ● Developed by UOA Development Bhd ● Completed in July last year ● One bedroom and one bathroom ● Bare unit ● Comes with one car park ● Maintenance fee: 25 sens psf According to the agent, Tommy Koay of Concept Property and Valuation Sdn Bhd, the seller was an investor who bought several units at Desa Green when it was first launched and is now selling them.
IQI acquires 33,000 sq ft in Exsim Group’s upcoming Millerz Square at Old Klang Road
KUALA LUMPUR (June 8): IQI Holdings Sdn Bhd, a subsidiary of a Dubai-based international real estate investment company, has entered into a purchase agreement with Exsim Development Sdn Bhd to acquire 33,000 sq ft of office space valued at RM30 million at the soon-to-be launched Millerz Square project located at Old Klang Road, Kuala Lumpur.
CapitaLand unveils attractions and gardens at Jewel Changi Airport
SINGAPORE (June 8): CapitaLand is pushing the boundaries of reinventing space when it comes to indoor attractions and air-conditioned parks.
Crest Builder up 7% on better outlook for FY17
KUALA LUMPUR (June 8): Crest Builder Holdings rose 7% at mid-morning trading today, after the group said it expects its performance for the financial year ending Dec 31, 2017 (FY17) to be better, driven by its construction projects.
Selangor Dredging buys Singapore land for S$72 mil
KUALA LUMPUR (June 8): Selangor Dredging Bhd (SDB), via its indirect 50% associated company Champsworth Development Pte Ltd, has acquired a parcel of prime land in Draycott Park, Singapore for S$72 million (RM223.
Units in District 10 in Singapore fetch million-dollar profits
THE sellers of two units from two separate freehold condominium developments located in District 10 pocketed profits of more than S$1 million (RM3.
