Oxley posts 163% rise in 2Q earnings
SINGAPORE (Jan 20): Second quarter earnings for homegrown property developer Oxley more than doubled to S$123.
Potential disposal of mature office assets could be catalysts for Axis REIT
Axis Real Estate Investment Trust (Jan 19, RM1.
‘At least 15%-20% return as HSR concessionaire’
KUALA LUMPUR (Jan 20): European rail experts expect an internal rate of return (IRR) of at least 15% to 20% if chosen as the concessionaire to own, operate and maintain Kuala Lumpur-Singapore high speed rail (HSR) assets.
DONE DEAL: Damansara Foresta condominium, Bandar Sri Damansara, Selangor
Sold for: RM838,000 (RM520 psf) Concluded by: Nelson Leong (REN 15269) of Cornerstone Realty (012-813 1889) When: August 2016 Noteworthy: ● Freehold ● 1,610 sq ft ● Corner unit ● 3+1 bedrooms and 3 bathrooms ● Bathtub in master bathroom ● Accessible via LDP, Sprint Expressway, MRR2 and NKVE Developed by Land & General Bhd (L&G), Damansara Foresta is a freehold development located in Bandar Sri Damansara.
Ekovest plans to launch Eko Titiwangsa phase 2 by mid-2017
KUALA LUMPUR (Jan 19): Ekovest Bhd's wholly-owned subsidiary Ekovest Land Sdn Bhd aims to launch Eko Titiwangsa phase 2 in mid-2017, said Ekovest managing director Datuk Seri Lim Keng Cheng (pictured).
BNM's OPR decision a balancing act, says Standard Chartered
KUALA LUMPUR (Jan 19): Bank Negara Malaysia (BNM)'s decision today on the overnight policy rate (OPR) is a toss-up between the country's inflation rate and the risk of capital outflows, said Standard Chartered Bank Malaysia Bhd.
The golden shoe fits for CapitaLand Commercial Trust
SINGAPORE (Jan 19): CapitaLand Commercial Trust is making tracks in the Singapore office REITs sector in spite of headwinds in the market.
Axis REIT targets AUM growth to exceed 10% for 2017
KUALA LUMPUR (Jan 19): Axis Real Estate Investment Trust (REIT) said it expects its total assets under management (AUM) to grow by more than 10% for its financial year ending Dec 31, 2017, contributed by the completion of Phase 1 of Axis PDI Centre and a few more acquisitions the trust is eyeing.
