News about global

KUALA LUMPUR (Dec 17): Debt-laden strategic development company 1Malaysia Development Bhd’s (1MDB) property arm, 1MDB Real Estate Sdn Bhd (1MDB RE), is now known as TRX City Sdn Bhd.

Sold for: RM11.

In a soft property market where product launches are being halted or postponed, Thriven Global Bhd is bucking the trend.

THE global property market keeps changing.

(OCT 21): Cabrits Resort Kempinski Dominica, a luxury hotel in Douglas Bay in Cabrits, will be the first government-approved real estate project under the Citizenship by Investment programme of the Commonwealth of Dominica, under which investors who purchase a share in the development for US$220,000 will be able to obtain citizenship of the country.

  Dubai (Oct 20): Majid Al Futtaim, the leading retailer in Middle East,has achieved the highest “Green Star” status for the second year in a row from the Global Real Estate Sustainability Benchmark (Gresb).

KUALA LUMPUR (Sept 21): State-owned 1Malaysia Development Bhd (1MDB) has launched a tender exercise for its 127ha (318 acre) land in Pulau Indah, Selangor.

KUALA LUMPUR (Sept 18): Residential property price growth in Hong Kong was 16.

PETALING JAYA’S Section 13 is slowly being transformed into a mixed-use development enclave, as seen by the new buildings and ongoing projects coming up there.

KUALA LUMPUR (Aug 12): Global Oriental Bhd is selling a 19.