Bank Negara keeps interest rate at 3%
KUALA LUMPUR (Jan 19): As expected, Bank Negara Malaysia (BNM) left its benchmark interest rate unchanged at 3% today at the its first Monetary Policy Committee (MPC) meeting of the year.
City Developments to invest in Distrii, China operator of co-working spaces
SINGAPORE (Jan 19): City Developments Ltd (CDL) has signed an agreement to invest RMB72 million (S$14.
Guocoland 2Q profit jumps on land sale
KUALA LUMPUR (Jan 19): Gain from one land sale has lifted Guocoland (M) Bhd’s net profit to RM110.
Axis REIT 4Q net income up 6.27%, declares 2.1 sen distribution
KUALA LUMPUR (Jan 19): Axis Real Estate Investment Trust’s (REIT) realised net income for the fourth quarter ended Dec 31, 2016 (4QFY2016) came in at RM23.
The Working Capitol expands footprint to Robinson Road
AT 1 Keong Saik Road, the entrance to The Working Capitol coworking space is from the café on the first level.
Game of space
COWORKING in Singapore has evolved in the past year and is transcending all commercial real estate space.
Spring Gallery ventures into property development
KUALA LUMPUR (Jan 18): Spring Gallery Bhd is making its maiden foray into the property development market through a joint venture (JV) with Hasil Senudong Sdn Bhd to develop a residential project in Kledang Utara, Perak.
Pee named Berjaya Land’s new CEO
KUALA LUMPUR (Jan 18): Berjaya Land Bhd has appointed its executive director Datuk Pee Kang Seng @ Lim Kang Seng as its chief executive officer (CEO) from today.
Houses between RM400,000 and RM500,000 to be the focus in 2017
KUALA LUMPUR (Jan 18): This year will see all eyes — including property developers’ — on affordable housing priced between RM400,000 and RM500,000, said property consultancy firm CBRE | WTW.
