Affin’s land deal is affordable but pricey

KUALA LUMPUR (Aug 12): Besides the bearish market sentiment, the purchase of land in Tun Razak Exchange (TRX) at a record high transaction price has accelerated the fall in Affin Holdings Bhd’s share price, which hit a 3½-year low yesterday.

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Affin Bank buys land from 1MDB

KUALA LUMPUR (Aug 11): Affin Bank Bhd, which is controlled by Lembaga Tabung Angkatan Tentera (LTAT), is paying RM255 million cash to buy a parcel of land in the Tun Razak Exchange (TRX) — a property development project wholly owned by 1Malaysia Development Bhd (1MDB).

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LONDON PROPERTY PRICES: Southwark

  Despite its relatively central location, this borough has been undervalued, though this might soon change with the facelift at Surrey Quays and Canada Water and the redevelopment of Southbank.

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LONDON PROPERTY PRICES: Lambeth

  Despite being close to both the City and the West End, and home to the eclectic Southbank Centre, Lambeth hasn’t attracted the attentions of developers.

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