CapitaLand signs agreement to construct pedestrian bridge
KUALA LUMPUR (June 1): CapitaLand Malaysia Mall Trust (CMMT) has entered into an agreement with K Two Realty Holding Sdn Bhd to construct and manage a link bridge situated between Sungei Wang Plaza (SWP) and Berjaya Times Square.
CapitaLand in acquisition, divestment of Shanghai office buildings valued at S$851 mil
SINGAPORE (June 1): CapitaLand says it has agreed to buy Guozheng Center, a newly completed office development in Yangpu District, Shanghai, China, for RMB2.
Second Chance Properties CEO announces intention to run for Singapore president
SINGAPORE (June 1): Applications for the 2017 Presidential Election certificates are opening today, and it has been reported that the founder and chief executive officer (CEO) of Second Chance Properties, Mohamed Salleh Marican, intends to be in the running for the position as Singapore’s next president.
WCT expects to list REIT before end-2017
KLANG (June 1): Construction and property player WCT Holdings Bhd said it expects to realise plans to list a real estate investment trust (REIT) before year end, after the group has tidied its assets.
Selangor Dredging 4Q profit jumps eight times on property revaluation
KUALA LUMPUR (June 1): Selangor Dredging's net profit jumped by more than eight times to RM50.
IWCity falls after co says 1Q net loss widened
KUALA LUMPUR (June 1): Iskandar Waterfront City Bhd (IWCity) shares fell as much as seven sen or 4% after the property developer said first quarter net loss widened to RM56.
MRCB ropes in EPF to develop Bukit Jalil land
KUALA LUMPUR (June 1): Malaysian Resources Corp Bhd (MRCB) is partnering with its largest shareholder, the Employees Provident Fund (EPF), to jointly develop three parcels of leasehold land in Bukit Jalil into an integrated development, which will have a potential gross development value (GDV) of RM21 billion over a 20-year period.
IWCity’s 1Q net loss widens over 11 times on one-off expense
KUALA LUMPUR (June 1): Iskandar Waterfront City Bhd (IWCity) saw its first-quarter net loss widen more than 11 times to RM56.
Sentosa Cove property market stirs
AFTER a three-year slump, signs of life are returning to the property market in Sentosa Cove.