SPH REIT upgraded to ‘buy’ on potential mall acquisition
SINGAPORE (March 16): DBS Group Research has upgraded SPH REIT to “buy”, from “hold” previously, and raised its target price by 3% to S$1.
Letter of award for Penang transport plan extended again — Gamuda
KUALA LUMPUR (March 16): The validity of the letter of award to the Gamuda Bhd-led consortium chosen as project delivery partner for the RM46 billion Penang Transport Master Plan has been extended till Aug 31.
Expect smaller homes to be launched, says TAHPS CEO
KUALA LUMPUR (March 15): Expect to see more property projects offering small sized units in the near future, said TAHPS group chief executive officer (CEO) Eugene Khoo (pictured).
Lendlease unveils Park Place Residences at PLQ
AUSTRALIAN-listed property developer and infrastructure group Lendlease will preview Park Place Residences at Paya Lebar Quarter (PLQ) on March 11.
Ascendas-Singbridge to redevelop CPF Building for S$1 bil
IN 2020, a 180m-tall Grade-A office building will replace the former CPF Building.
Developer sales in S'pore soar in February
SINGAPORE (March 15): Developers sold 977 private homes in February, more than double from 382 in January.
L&G’s RPT deal catches MSWG’s attention
KUALA LUMPUR (March 15): Land & General Bhd’s (L&G) related party transaction (RPT) proposal to take over five property firms from its major shareholder, Malaysia Land Properties Sdn Bhd (Mayland), for RM344 million cash has caught the Minority Shareholder Watchdog Group’s (MSWG) attention as questions remain over the deal.
EL Development sells 43 Parc Riviera units in one week
EL Development sold 43 units at Parc Riviera between Feb 14 and 21, making the 752-unit development on West Coast Vale the top-selling condominium in the week.
Prime property portfolio makes this Malaysian developer a solid bet
SINGAPORE (March 14): UOB Kay Hian is starting coverage of Hatten Land with a “buy” call and a target price of 43 Singaporean cents.
