Sime Darby sells stake in Hotel Equatorial Melaka to PNB for RM55.36m
KUALA LUMPUR (June 24): Sime Darby Bhd has disposed of its entire interest in Hotel Equatorial Melaka to Permodalan Nasional Bhd (PNB) for RM55.
DONE DEAL: Quadro Residences, KLCC
Sold for: RM2,494,000 (RM1,294 psf) Concluded by: Braxton Lim (REN 08029) of City Crest Realtors (012-635 8348) When: March 2016 Noteworthy: • Freehold • 1,927 sq ft • Partly furnished with built-in wardrobe and kitchen cabinets • Developed by Monoland Corp Sdn Bhd • 36 storeys • 245 units in total • 30 sen psf maintenance fee • Each unit comes with a private lift lobby According to City Crest Realtors negotiator Braxton Lim who brokered the deal, the unit was bought by an investor.
GuocoLand says Tanjong Pagar Centre retail space 70% filled
SINGAPORE (June 22): GuocoLand on Wednesday announced that 70% of retail space at Tanjong Pagar Centre has been taken up, ahead of the development’s scheduled completion in 3Q16.
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BPSDC partners contractor to promote careers in construction segment
KUALA LUMPUR (June 23): Malaysian-owned UK property developer Battersea Power Station Development Co (BPSDC) is partnering its main contractor, Carillion, to hold events to promote careers in the construction sector, Bernama reported today.
Ensuring urbanisation is sustainable
AT certain intervals, the international community will come up with a brilliant policy, which if properly executed, can really make the world a better place.
PROPERTY SNAPSHOT 4: What’s hot in Puchong?
• Today, we look at price growth and indicative rental yields for non-landed homes in Puchong.
CapitaLand's Ascott on track to hit target of 80,000 units by 2020: Lim & Tan
SINGAPORE (June 21): The Ascott Limited, CapitaLand’s wholly owned serviced residence business unit, announced on Monday it has secured seven new properties with 1,714 units across seven cities in Asia.
Few local developers have exposure to Australia market
Property sector Maintain neutral: Recently, cooling measures have been announced in several states in Australia to curb speculation by foreign property buyers.
Glomac’s FY17 sales target appears aggressive
Glomac Bhd (June 20, 78 sen) Maintain hold with an unchanged target price (TP) of 76 sen: Glomac Bhd’s financial year ended April 30, 2016 (FY16) year-on-year (y-o-y) core net profit growth of 28% came in as per our expectations but below consensus.
Riveria Sentral to bank on its connectivity
AS land in Kuala Lumpur becomes scarce, more and more developers are shifting towards creating all-in-one lifestyle products.
