10th Malaysian Property Summit to focus on sustainability of property market
PETALING JAYA (Feb 3): Rising interest rates in the US have sparked concerns that it will impact the rest of the world including Malaysia’s property sector.
DONE DEAL: Light industrial lot in Bayan Lepas, Penang
Rented for: RM20,000 a month Concluded by: Jerome Eng Sitt Tatt (E 2316) of CBD Properties (Penang) Sdn Bhd (012-419 9298) When: October 2016 Noteworthy: ● Leasehold ● 1.
Oxley incorporates JVCo in Cyprus to undertake property development
SINGAPORE (Feb 2): Oxley Holdings says wholly-owned subsidiary, Oxley Holdings (Cyprus), and Planetvision Properties (CY) have incorporated a joint venture company, Oxley Planetvision Properties, in Cyprus.
IHH Healthcare unit to buy freehold land, private hospital in Manjung
IHH Healthcare Bhd (Jan 31, RM6.
Kerjaya Prospek eyes RM800m new jobs this year
KUALA LUMPUR (Feb 2): Construction company Kerjaya Prospek Group Bhd, formerly Fututec Bhd, hopes to secure more construction jobs to meet its internal replenishment order book target of RM800 million for the current year ending Dec 31, 2017 (FY17), according to its executive chairman Datuk Tee Eng Ho.
Overlooked corner of Singapore — Moonstone Lane, St Michael’s area
WHEN Malaysia-listed developer Selangor Dredging Bhd (SDB) announced early last month that it was buying a freehold site in Serangoon Road from National Aerated Water Company for S$47 million, it brought attention to a neighbourhood off Serangoon Road that has been overlooked for some years.
MUFI building America’s first sustainable urban ‘agrihood’
THE Michigan Urban Farming Initiative (MUFI) is developing America’s first sustainable urban “agrihood” in Detroit’s lower North End, with agriculture as the foundation of a mixed-use development.
Penang residential estate market remains lacklustre
PETALING JAYA (Feb 1): The general performance and outlook for the property market in Penang is still lacklustre as both economic conditions and general public sentiments are down, said real estate firm Knight Frank Malaysia in its “Real Estate Highlights 2H2016” report.