Ascott acquires 80% stake in US accommodation provider Synergy Global Housing
SINGAPORE (July 24): The Ascott, CapitaLand’s serviced residence unit, is acquiring an 80% stake in Synergy Global Housing, a leading accommodation provider in the US where it leases apartments from partners and property owners to rent to corporate clients.
IWCity gains traction on revived hopes for Bandar Malaysia deal
KUALA LUMPUR (July 24): Iskandar Waterfront City Bhd (IWCity), which has been in the limelight since early May saw yet another spike, as high as 6.
Construction job awards expected to pick up
Construction sector Maintain positive: Job award momentum is expected to pick up again in the second half of 2017 (2H17) and into 2018.
Westbank’s luxury residences in Vancouver have global appeal
VANCOUVER-based luxury real estate developer Westbank held the global launch of JOYCE, its 256-unit landmark development in the neighbourhood of Joyce-Collingwood, Vancouver a month ago.
China second behind US in cross-border real estate investment
PETALING JAYA (July 23): China has in recent years become the largest global capital exporter for cross-border real estate investment, second only to the US.
Malaysia offers many pull factors for foreign property purchasers
PETALING JAYA (July 21): Malaysia is a very attractive country for foreigners to purchase properties, according to lawyer and managing partner of Chur Associates Chris Tan.
Two ex-real estate execs arrested in connection with Felda's London hotel purchase
(July 22): Two ex-real estate executives who were involved in Felda Investment Corporation's (FIC) purchase of the four-star Kensington Hotel in London have been arrested by the Malaysian Anti-Corruption Commission (MACC).
Hong Kong skyscrapers the most costly in the world
PETALING JAYA (July 22): Skycrapers in Hong Kong are the most expensive commercial real estate assets globally, according to international real estate firm Knight Frank.
Listing of manufacturing unit gives PRG room to focus on property development, construction
KUALA LUMPUR (July 21): PRG Holdings Bhd expects the proposed listing of its manufacturing division on Hong Kong's Growth Enterprise Market (GEM) to be completed in October.
