Perennial-led consortium divests 70% stake in TripleOne Somerset
SINGAPORE (Jan 26): Perennial Somerset Investors (PSIPL), a consortium led by Perennial Real Estate Holdings (Perennial), has agreed to divest a 70% stake in TripleOne Somerset to Simply Swift Limited, an indirect wholly-owned subsidiary of Hong Kong-listed Shun Tak Holdings.
Ascendas Hospitality Trust posts 13.1% higher 3Q DPS of 1.64 cents
SINGAPORE (Jan 26): Ascendas Hospitality Trust saw DPS grow 13.
Fancy a resort home in Kota Kinabalu?
AT Sutera Harbour Resort in Kota Kinabalu, more than 2,500 people attended a New Year’s Eve party that featured a live performance by Singapore band Reverie and a 12-minute fireworks display on the waterfront.
Mapletree Commercial Trust’s 3Q DPU grows 9.7% to 2.28 cents
SINGAPORE (Jan 25): The manager of Mapletree Commercial Trust (MCT) has declared a distribution per unit (DPU) of 2.
IGB REIT's 4Q2016 NPI up 13%, to pay 4.3 sen DPU
KUALA LUMPUR (25 Jan): IGB Real Estate Investment Trust’s (IGB REIT) net property income in the fourth quarter ended Dec 31, 2016 (4QFY2016) rose 13% to RM91.
Gadang's 2Q net profit up 57.5% on higher construction, property contributions
KUALA LUMPUR (Jan 25): Gadang Holdings Bhd’s net profit rose 57.
CBRE | WTW: Positive outlook for Penang’s industrial property sector
KUALA LUMPUR (Jan 25): Despite the global consolidation of operations and restructuring exercise by multinational companies (MNCs) in Penang, such as those involving Seagate Technology Inc, Western Digital Corp and Intel Corp, the industrial property sector in Penang has fared quite well over 2016.
Penang’s landed housing market stays firm, buyer’s market for non-landed homes
KUALA LUMPUR (Jan 25): With the preference for landed homes among homebuyers in Penang, the landed residential property segment in the state is expected to remain firm, according to CBRE|WTW Penang.
Rumawip Kampung Baru expected to be ready by next year
KUALA LUMPUR (Jan 25): The Federal Territories' Legasi Residensi Kampung Baru Affordable Homes under the Rumah Mampu Milik Wilayah Persekutuan (Rumawip) project here is expected to be ready by next year, according to a Bernama report yesterday.
