I-Bhd 4Q earnings falls, but full-year net profit up
KUALA LUMPUR (Feb 16): I-Bhd recorded a 9.
Spacious units at The Riyang condominium in Kuchai Lama to target families
KUALA LUMPUR (Feb 15): Suntrack Development Sdn Bhd’s latest residential development, The Riyang, aims to attract families who are living in the mature neighbourhood of Happy Garden in Kuchai Lama, Kuala Lumpur.
ZEPP Hall signs 20-year lease deal with BBCC
KUALA LUMPUR (Feb 10): BBCC Development Sdn Bhd, the developer of the Bukit Bintang City Centre (BBCC) project has inked an Agreement to Lease (ATL) today with Zepp Hall Network Inc (Zepp Hall) for a 20 year lease tenure to operate a Zepp branded concert hall at BBCC.
DONE DEAL: Desa Green serviced apartment @ Taman Desa, Kuala Lumpur
Sold for: RM435,000 (RM753 psf) Concluded by: Derrick Hum (REN 10765) of Property Exchange (012-723 0309) When: October 2016 Noteworthy: ● Freehold ● 578 sq ft ● One bedroom and one bathroom ● High floor ● Facilities: Children’s playground, wading pool, gymnasium, leisure pool, lap pool, multipurpose hall, open terrace and sauna Situated on a three-acre freehold site, Desa Green is a high-density serviced apartment developed by UOA Development Bhd.
Gabungan AQRS sells land for RM55.69 mil
KUALA LUMPUR (Feb 7): Gabungan AQRS Bhd’s wholly-owned subsidiary Nusvista Development Sdn Bhd is selling its leasehold land in Mukim Sungai Buloh, Petaling Jaya for RM55.
CityDev to buy Ransomes Wharf site for S$104 mil
SINGAPORE (Feb 3): City Developments is acquiring from Curatus Trust the freehold Ransomes Wharf site at Battersea London for £58 million (S$103.
MRCB’s MoU with IWH CREC lapses
KUALA LUMPUR (Jan 27): Malaysian Resources Corp Bhd’s (MRCB) memorandum of understanding (MoU) with Wondrous Vista Development Sdn Bhd and IWH CREC Sdn Bhd to collaborate with each other to develop an integrated transportation terminal in Bandar Malaysia has lapsed.
City Developments set to pounce on more acquisitions
SINGAPORE (Jan 17): City Developments is expected to pounce on more acquisition opportunities this year to capitalise on the current market weakness, says RHB.
Singapore's property sector is in recovery mode, despite TDSR
SINGAPORE (Jan 17): Singapore's residential home sales including executive condominiums reached 12,432 units in 2016, an improvement of 21% over 2015 levels.
Healthy project pipeline ahead for construction segment
Construction sector Maintain overweight: According to Construction Industry Development Board statistics, industry contract awards fell 28% quarter-on-quarter (q-o-q) to RM22.
