Kumpulan Jetson dips 1.45% after RM919.32m contract rescinded
KUALA LUMPUR (July 5): Shares of Kumpulan Jetson Bhd fell 1.
Middle-income group in need of rent-to-own schemes
KUALA LUMPUR (July 5): National House Buyers Association of Malaysia (HBA) said the middle-income group in Malaysia is in dire need of rent-to-own schemes, warning that the country could face a housing crisis in the form of a “homeless generation”.
Beyond co-working space
MAINLAND Chinese coworking space provider UrWork has partnered Collective Campus, a start-up accelerator based in Australia and Singapore, to set up a 6,889 sq ft co-working space at JTC LaunchPad @ one-north, which was officially launched on June 23.
Bank Negara: Three things that could enhance Malaysia’s affordable housing ecosystem
PETALING JAYA (July 4): A sound, innovative and coordinated public policy is needed to address the affordable housing challenge, said Bank Negara Malaysia deputy governor Abdul Rasheed Ghaffour in his keynote address at the “Dialogue on Sustainable Development of Affordable Housing” organised by Cagamas Holdings Bhd in Kuala Lumpur today, He said a central authority could lead, oversee and coordinate affordable initiatives for the nation that would promote greater strategic and operational cohesion at the national level.
Battersea Power Station’s commercial tenants to start operations this summer
PETALING JAYA (July 4): The Battersea Power Station redevelopment project will see its first commercial tenants open for business in the summer of 2017.
Robust showing for CapitaLand in China
SINGAPORE (July 4): CIMB says CapitaLand is on track to meeting its 8% ROE target by 2018.
Kumpulan Jetson's RM919 mil building subcontract gets rescinded
KUALA LUMPUR (July 4): Kumpulan Jetson Bhd has received a letter from MCC Overseas (M) Sdn Bhd wherein the latter purported to unilaterally rescind the award of a RM919.
REHDA targets RM1 bil sales at MAPEX Affordable Housing carnival
KUALA LUMPUR (July 4): The Real Estate and Housing Developers' Association (REHDA) is targeting to achieve RM1 billion in sales from around 100,000 units ranging not more than RM500,000 at its upcoming 3-day Affordable Housing Carnival — Malaysia Property Expo (MAPEX) from Aug 11 to Aug 13, 2017.
Property divestments bode well for CapitaLand Commercial Trust’s M&A prospects
SINGAPORE (July 4): UOB Kay Hian is reiterating its “buy” call on CapitaLand Commercial Trust (CCT), following news of its divestment of Wilkie Edge to construction and property development firm, Lian Beng Group, for a consideration price of S$280 million (RM870 million).
Ascott REIT to divest 2 China properties for S$198 mil
SINGAPORE (July 4): Ascott Residence Trust has entered into two conditional agreements to divest its interests in two serviced residence properties in China – Citadines Biyun Shanghai and Citadines Gaoxin Xi’an – for a total consideration of RMB980 million (S$198.
