IOI Properties rights issue oversubscribed by 136.73%
KUALA LUMPUR (March 21): IOI Properties Group Bhd’s rights issue has been oversubscribed by 136.
Capital control blues for Chinese investors of Forest City
KUALA LUMPUR (March 21): Beijing’s capital controls have left Chinese investors of the Forest City development in Malaysia in the lurch.
Two condo sellers reap profits of more than S$2 mil
TWO sellers made profits of more than S$2 million (RM6.
e-Lelong online auction to begin in end-March with pilot project
PETALING JAYA (March 20): The online property auction platform e-Lelong for court auctions will be officially launched before the month is out.
Minister: IBS to be compulsory for construction projects in 2018
KUALA LUMPUR (March 20): Works minister Datuk Fadillah Yusof said the government intends to make the adoption of industrialised building systems (IBS) in construction projects compulsory in 2018.
Keppel Land raises stake in Saigon Centre for S$54 mil
SINGAPORE (March 20): Keppel Land has increased its stakeholdings in Saigon Centre shopping complex.
Genting gets “preliminary approval” for proposed 300-room Miami hotel
KUALA LUMPUR (March 20): The Genting Group has obtained preliminary approval for its proposed development of a 300-room hotel within the vicinity of a country bus terminal in Omni, Miami, according to a real estate publication in the US.
Engineering and construction remain Bintai Kinden’s main focus
KUALA LUMPUR (March 20): Bintai Kinden Corp Bhd has decided to focus on its core businesses of mechanical and electrical (M&E) engineering services as well as construction for now to ensure profitability.
Properties going under hammer fall for third year
KUALA LUMPUR (March 20): The number of properties that went under the hammer fell for the third consecutive year in 2016, despite the prolonged slowdown, thanks to the earlier property boom that had lifted prices.
