Sime Darby to sell properties worth RM2 billion to reduce debt, says report
KUALA LUMPUR (Feb 17): Sime Darby Bhd is planning to sell some RM2 billion worth of real-estate assets in Australia and Singapore as it battles cash flow issues amid falling palm oil prices, The Wall Street Journal reports.
Hong Kong residential property market expected to continue downward trend
HONG KONG (Feb 16): Global commercial real estate services company Cushman & Wakefield expects the Hong Kong residential property market to continue its downward trend.
TRC Synergy sells Melbourne office property to MD
KUALA LUMPUR (Feb 16): TRC Synergy Bhd is selling an office suite in the suburbs of Melbourne, Australia, to its managing director Tan Sri Sufri Mohd Zin for A$1.
EcoWorld all set to unveil Karisma
PETALING JAYA (Feb 16): Eco World Development Group Bhd will be unveiling its Karisma apartment project in Eco Majestic, Semenyih, by end of this month.
Sunway Gandaria Retail 95% sold
BANGI (Feb 16): Sunway Property -- the property arm of Sunway Bhd -- clinched 95% sales for Sunway Gandaria Retail, one of the components of its latest mixed-use development in Bangi, Sunway Gandaria.
New Brickfields multistorey car park to open by end March
KUALA LUMPUR (Feb 16): Stakeholders in Brickfields, Kuala Lumpur, hope that a new RM26 million Kuala Lumpur City Hall-built car park on Jalan Thambipillay will reduce illegal and haphazard parking in the area.
Asian property giants sidestep Australia's foreigner rules
SYDNEY (Feb 16): A loophole in Australian property rules has helped overseas developers invest what industry executives believe were record levels in the country in 2015, casting doubt over the efficacy of curbs intended to keep a lid on soaring prices.
TSR bags RM240 mil condo job
KUALA LUMPUR (Feb 16): TSR Capital Bhd has bagged a RM240 million contract from Putrajaya Homes Sdn Bhd to build two blocks of 19-storey and 18-storey condominiums and two blocks of multilevel car park in Putrajaya.
Mah Sing to buy back its bonds
KUALA LUMPUR (Feb 16): Mah Sing Group Bhd, the country’s second-largest property developer by sales value, is to buy back all of its unconverted secured bonds for RM337.
