WCT to reap about RM60m profit from TRX contract win
KUALA LUMPUR (Oct 21): WCT Holdings Bhd is expected to reap only about RM60 million in pre-tax profit from the RM754.
IOI Properties rise on Putrajaya land deal, analysts' upgrade
KUALA LUMPUR (Oct 21): IOI Properties Group Bhd rose as much as eight sen or 4% on a proposed land deal with controlling shareholder Tan Sri Lee Shin Cheng's family.
Premium Pan Pacific branded suites to join the Puteri Cove Residences
SINGAPORE (Oct 21): Malaysia’s first Pan Pacific Serviced Suites, a joint venture by Singapore-based real estate developers Pacific Star and DB2 under their joint member company Pearl Discovery Development Sdn Bhd, is scheduled to open in early 2018 at Puteri Harbour in Nusajaya, Iskandar Malaysia.
Edgy art'otel to open at £80 bil Battersea Power Station development
LONDON (Oct 20): Battersea Power Station Development Company (BPSDC) and art’otel have confirmed the signing of a hotel management agreement for the art’otel london battersea power station, which is scheduled to open in 2019 in the heart of London.
Hunza Properties buys land in Penang for affordable housing
KUALA LUMPUR (Oct 20): Hunza Properties Bhd is acquiring a 3.
BIG DEAL: IOI Properties buys land worth RM1.58 bil from controlling shareholders
KUALA LUMPUR (Oct 20): IOI Properties Group Bhd is acquiring Mayang Development Sdn Bhd and Nusa Properties Sdn Bhd for RM1.
Landlords rule as mainland Chinese firms continue setting up in Central Hong Kong
HONG KONG (Oct 20): Grade-A office rents in Central Hong Kong are expected to increase 10% this year and another 5% in 2016, due to sustained demand and low vacancy rates as recorded by Knight Frank in its Hong Kong Monthly Property Market Report for September 2015.
Mall of Emirates developer gets a Green Star
Dubai (Oct 20): Majid Al Futtaim, the leading retailer in Middle East,has achieved the highest “Green Star” status for the second year in a row from the Global Real Estate Sustainability Benchmark (Gresb).
Mah Sing to launch affordable homes in Rawang
PETALING JAYA (Oct 20): In an initiative to make home ownership more affordable for the lower income group, Mah Sing Group will be hosting an event for members of the public to register their interest in purchasing a unit of Cendana Apartments, a Rumah Selangorku project, at M Residence 2 @ Rawang.