News about e

SINGAPORE (Nov 1): The slowdown continues for Singapore’s property developers and real estate investment trusts (REITs), according to 3Q16 data by the Urban Redevelopment Authority (URA).

KUALA LUMPUR (Nov 1): The occupancy rate of offices in Kuala Lumpur city has fallen to 83% from nearly 90% in 2H2015.

KUALA LUMPUR (Nov 1): Overhang and unsold housing units may see a gradual decline over the next few months on the back of decreasing new launches in the market, said National Property Information Centre (Napic) property market sector deputy director Aina Edayu Ahmad (pictured).

KUALA LUMPUR (Nov 1): Shares of Ekovest Bhd rose 2.

SINGAPORE (Nov 1): Real estate investment group Imperium Crown on Tuesday announced it is acquiring a 30% stake each in two subsidiaries of Shandong Yinguang Chemical Industry Co.

KUALA LUMPUR (Nov 1): The Employees Provident Fund (EPF) said applicants of the “step-up” end-financing scheme for the 1Malaysia People’s Housing Programme (PR1MA) — which was announced in Budget 2017 — will not be able to make any other withdrawals from their EPF Account 2, at least not until their PR1MA loan is settled.

Tycoon Tan Sri Quek Leng Chan, through his Singapore-listed vehicle GuocoLand Ltd, has agreed to take a 27% stake in Eco World International Bhd’s (EWI) initial public offering (IPO), slated to take place by March next year.

Pavilion Real Estate Investment Trust (PavREIT) may be looking at buying developmental projects, possibly Pavilion Bukit Jalil and Pavilion Damansara Heights, taking advantage of the new guidelines proposed by the Securities Commission Malaysia (SC), which will allow the participation of REITs in greenfield projects.

Tanah Makmur Bhd’s major shareholder Tengku Mahkota of Pahang Tengku Abdullah Sultan Ahmad Shah sweetened his privatisation offer for the Pahang-based company last Tuesday, offering RM1.

After a series of acquisitions over the past two months, privately held Pembinaan Maju Wangi Sdn Bhd has accumulated almost 12.