HLIB Research starts coverage on Protasco, target price RM1.20
KUALA LUMPUR (June 9): Hong Leong IB Research has initiated coverage on Protasco Bhd with a “Buy” rating and target price of RM1.
CIMB Research starts coverage on Selangor Properties, target RM5.12
KUALA LUMPUR (June 9): CIMB IB Research has initiated coverage on Selangor Properties Bhd (SelProp) at RM4.
Crest Builder gapped up, says AllianceDBS Research
KUALA LUMPUR (June 9): AllianceDBS Research said Crest Builder Holdings Bhd (Cresbld) had on June 8 gapped up to reach a high of RM1.
(Update) Hua Yang seeks to realise investment in Magna Prima
KUALA LUMPUR (June 9): Affordable housing property developer Hua Yang Bhd hopes to realise its RM190.
DONE DEAL: Desa Green serviced apartment, Taman Desa, Kuala Lumpur
Sold for: RM420,000 (RM726psf) Concluded by: Tommy Koay (REN 07708) of Concept Property and Valuation (013-386 8108) When: February 2017 Noteworthy: ● Freehold ● Built-up area: 578 sq ft ● Developed by UOA Development Bhd ● Completed in July last year ● One bedroom and one bathroom ● Bare unit ● Comes with one car park ● Maintenance fee: 25 sens psf According to the agent, Tommy Koay of Concept Property and Valuation Sdn Bhd, the seller was an investor who bought several units at Desa Green when it was first launched and is now selling them.
Mayland launches first phase of Dorsett Residences Sri Hartamas
KUALA LUMPUR (June 8): Malaysia Land Properties Sdn Bhd (Mayland) has launched the first phase of Dorsett Residences Sri Hartamas this evening.
UK’s largest real estate financing deal completed
PETALING JAYA (June 8): Bank of China (Hong Kong), HSBC and ING have closed one of the UK’s largest real estate financing deals by securing the finance for the acquisition of The Leadenhall Building, otherwise known as the “Cheesegrater”, a 46-storey landmark prime iconic real estate in London.
IQI acquires 33,000 sq ft in Exsim Group’s upcoming Millerz Square at Old Klang Road
KUALA LUMPUR (June 8): IQI Holdings Sdn Bhd, a subsidiary of a Dubai-based international real estate investment company, has entered into a purchase agreement with Exsim Development Sdn Bhd to acquire 33,000 sq ft of office space valued at RM30 million at the soon-to-be launched Millerz Square project located at Old Klang Road, Kuala Lumpur.
