Kiss goodbye to high REIT yields in Singapore
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.
‘IGB, EcoFirst to team up for RM400 mil condo’
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.
The northern corridor’s only premium outlet mall
THOSE who want to have a fun outing may enjoy some retail therapy at Penang’s Design Village in Bandar Cassia (formerly known as Batu Kawan).
Eaton Residences to defy market forces
ON the weekend of Nov 19 and 20, GSH Corp launched in Singapore its maiden residential development, Eaton Residences, a high-end condominium in Jalan Kia Peng in Kuala Lumpur City Centre (KLCC).
CapitaLand’s Ascott acquires Dublin hotel for S$83.6 mil
SINGAPORE (Dec 16): CapitaLand on Friday announced that wholly-owned serviced residence business unit The Ascott has acquired Temple Bar Hotel in Ireland capital Dublin for 55.
Overall property sales to remain subdued next year
Property development sector Downgrade to neutral: Property sales recovered in the third quarter of 2016 (3Q2016) as six of the seven developers under our coverage registered 18% to 160% quarter-on-quarter sales growth.
O&C Resources returns to the black on higher construction revenue
KUALA LUMPUR (Dec 15): Loss-making condom and baby care accessories manufacturer O&C Resources Bhd (OCR) has returned to the black for the first quarter ended Oct 31, 2016 (1QFY2017) compared to the immediate preceding quarter thanks to higher revenue in its construction business segment.
KUB: RM1.23 bil rail JV terminated
KUALA LUMPUR (Dec 15): KUB Malaysia Bhd said the mutual termination of the RM1.
The luxurious Jumeirah Al Naseem opens in Dubai
DUBAI (Dec 14): Luxury hotel Jumeirah Al Naseem has officially opened its doors for guests on Dec 1, the global engineering and infrastructure advisory company for the resort, Aurecon Group stated in a press statement today.
Oxley officially launches Convention City in Batam
SINGAPORE (Dec 14): Property developer Oxley Holdings has officially launched the first phase of its 20,000 sq m Oxley Convention City in Batam, Indonesia.
