More land supply for S'pore developers but prices will remain lofty
SINGAPORE (July 3): DBS says the increase in land supply would be positive for developers, if they submit winning bids to replenish their landbank.
Still a market for luxury homes over RM10 mil
Malaysia has seen eight transactions on the secondary market for landed residential properties over RM10 million in 2016.
Keppel REIT’s latest acquisition offers DPU accretion, cashflow visibility
SINGAPORE (June 30): DBS is maintaining its “buy” call on Keppel REIT (KREIT) with a target price of S$1.
CIMB Research positive on Sime Darby's RM86 mil land disposal deal
KUALA LUMPUR (June 30): CIMB IB Research reiterated its ‘Add’ recommendation on Sime Darby Bhd following the group’s disposal of approximately 297.
BCorp returns to the black in 4Q
KUALA LUMPUR (June 30): Berjaya Corp Bhd (BCorp) posted a net profit of RM3.
Boon Koon to diversify into property development
KUALA LUMPUR (June 30): Boon Koon Group Bhd, which specialises in rebuilt commercial vehicles, intends to diversify into property development.
DONE DEAL: Faber Ria Condominium unit, Taman Desa, Kuala Lumpur
Sold for: RM600,000 (RM445 psf) Concluded by: Shimry Wong (REN06314) of 1TPE Realty Sdn Bhd (014-367 3822) When: March 2017 Noteworthy: ● Freehold ● 31-year-old condominium ● Built-up: 1,348 sq ft ● 9th floor, facing south ● Fully-furnished unit ● 3+1 bedroom, 3-bathroom Faber Ria is one of the oldest condominium developments in Taman Desa, Kuala Lumpur.
Sime Darby sells land to PNB for RM85.53 mil cash
KUALA LUMPUR (June 29): Sime Darby Bhd is selling New Lunderston Estate, a freehold tract measuring 297.
Tiger Synergy to build RM100m Rent-to-Own condo
KUALA LUMPUR (June 29): Tiger Synergy Bhd has signed a memorandum of agreement with Prosma Bhd, a holding company for the assets of Sekretariat Komuniti Prefer Malaysia (SKPM), to develop a RM100 million affordable condominium in Gombak.
