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IT was a cool, sunny spring morning in Melbourne in the middle of last month when S P Setia Bhd hosted the ceremony for the completion of Parque Melbourne, its third residential project there.

THE Kuala Lumpur office market will remain restrained in the near future despite opportunities for investors, institutional funds and real estate investment trusts.

PETALING JAYA (Dec 20): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) today explained that the linkways from stations to adjacent privately-owned buildings are supposed to be built by the property owners at their cost and according to their construction schedules This explanation from MRT Corp came about after users of the Sungai Buloh-Kajang (SBK) Line, which commenced operations last Friday (Dec 16), commented that pedestrian linkways were not completed along with the MRT stations.

PETALING JAYA (Dec 20): Gamuda Land Sdn Bhd, the property arm of Gamuda Bhd, has fully sold out phase 1 of its 90-acre Kundang Estates in Kundang, Selangor during its launch in end-November.

SINGAPORE (Dec 20): DBS Group Research has an “underweight” rating on the Singapore REIT sector as it anticipates four interest rate hikes by the US Federal Reserve in 2017 alone.

KUALA LUMPUR (Dec 20): BHS Industries Bhd is hoping to turn itself around in the financial year 2017 (FY2017) by diversifying into the construction and property business.

SINGAPORE (Dec 20): Property developer GSH Corporation, which has seen its share price nearly double over the last two months, is in talks to sell an asset it did not name.

KUALA LUMPUR (Dec 20): O&C Resources Bhd (OCR) shares jumped 3.

Gamuda Bhd (Dec 19, RM4.

KUALA LUMPUR (Dec 20): IGB Corp Bhd, the property firm that made its name developing Mid Valley City, is set to team up with EcoFirst Consolidated Bhd to undertake a RM400 million high-end condominium project in Kuala Lumpur next year, according to sources.