Sime Darby clarifies why it aborted Saizen REIT RTO
KUALA LUMPUR (March 14): Sime Darby Bhd clarified yesterday that it could not meet the deadline to complete the reverse takeover (RTO) of Singapore-listed Saizen Real Estate Investment Trust (REIT) because circulars to Saizen REIT’s unitholders were not issued on time.
Breaking up Sime Darby is a smart move — Aberdeen CEO
KUALA LUMPUR (March 14): Sime Darby Bhd’s decision to unlock value for its shareholders by breaking its conglomerate structure into three distinct pure play companies is a smart move, said Aberdeen Asset Management plc co-founder and chief executive officer (CEO) Martin Gilbert.
$4.92 mil loss at Orchard Scotts
THE top two losses for private non-landed homes sold in the week of Feb 14 to 21 were for units in Orchard Scotts, a 99-year leasehold condominium in prime District 9 completed in 2008.
Malaysia’s zero-energy tiny home in the making
IN hot and humid Malaysia, when one hears the word off-grid, zero-waste, carbon neutral and water-efficient homes, what comes to mind are uncomfortable basic dwellings.
Could surprise easing of property cooling measures in Singapore spark turnaround?
SINGAPORE (March 13): A surprise letup of property cooling measures — albeit minor and targeted tweaks — on Friday sent property developer stocks soaring to the highest in more than 20 months.
Sunway Construction confirms securing RM212.3m MRT2 job
KUALA LUMPUR (March 13): Sunway Construction Group Bhd confirms that its subsidiary Sunway Construction Sdn Bhd (SCSB) has bagged a construction job from intercity railway operator Mass Rapid Transit Bhd (MRT) worth RM212.
UEM Sunrise plans RM372.57m land disposals in Canada
KUALA LUMPUR (March 13): UEM Sunrise Bhd's wholly-owned subsidiary UEM Sunrise (Canada) Alderbridge Ltd (UEMS Alderbridge) plans to sell three parcels of land in the District of New Westminster, Richmond, British Columbia, Canada, with a total area of 4.
IOI Properties to build S$3.5 bil GDV office development on Central Boulevard site in Singapore
PUCHONG (March 13): IOI Properties Bhd is aiming to start construction of an office development with an estimated gross development value (GDV) of at least S$3.
SkyWorld to launch RM1.6 bil GDV of projects this year
KUALA LUMPUR (March 13): SkyWorld Development Group targets to launch four to five projects with an estimated gross development value (GDV) of RM1.