Amcorp Properties Bhd (July 8, 87 sen) Downgrade to hold with a target price (TP) of 86 sen: With more than 90% of Amcorp Properties Bhd’s (AmProp) earnings derived from London, we believe Brexit would raise uncertainty over its sales, at least in the near term.
KUALA LUMPUR (July 11): All eyes are on the price tag that the ministry of finance (MoF) could fetch for the two parcels of land that it has put up for sale near Damansara Heights at the time when the property market is experiencing a slowdown.
KUALA LUMPUR (July 11): Tan Sri Vincent Tan Chee Yioun’s Berjaya Assets Bhd is looking at a potential sale of a freehold land in Imbi for some RM130 million.
Vondom’s Biophilia series by Ross Lovegrove pushes the boundaries of geometry and material, with the form of this particular garden chair drawing inspiration from the organic design of Gaudi’s Sagrada Familia (Quel, RM5,393) The beautiful lines on this light blue porcelain ARTWAY dinner plate are an earthy but artful complement to any dish served (Aino Living, RM19.
SENTOSA Cove has some of the priciest waterfront resort homes built on 99-year leasehold reclaimed land.
KUALA LUMPUR (July 9): Real estate experts cautioned against reintroducing rent control on heritage and pre-war properties in Penang, as it may drive up the cost of maintaining these properties, lowering their values and impacting tourism as a result.
PETALING JAYA (July 9): The glass panels of a fifth-storey infinity pool at the Cradels condominium in Whampoa, Singapore, crashed to the ground yesterday, sending shattered glass flying across the condo compound and water pouring from the pool, reported the Straits Times.
PROPERTY agents and negotiators should never broker a deal without a method, says IM Global Property Consultants Sdn Bhd founder, managing director and CEO Ishak Ismail.
PETALING JAYA (July 9): UDA Holdings Bhd will launch two projects in Bertam on Penang’s mainland which have a total gross development value (GDV) of RM1.
JENJAROM (July 8): TCS Group is unveiling TCS Arcadia, which has a gross development value (GDV) of RM280 million, at the end of this month.
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