Paramount to develop Mercure hotel in Utropolis Glenmarie
PETALING JAYA (April 4): Paramount Corporation Bhd today announced the development of the hotel component in its integrated development in Shah Alam, Utropolis Glenmarie.
Forest City’s Chinese buyers to get refunds
KUALA LUMPUR (April 5): Country Garden Holdings has announced it will refund money to mainland Chinese buyers of its mega Forest City development in Johor.
JV partners say China’s latest SEZ likely to have ‘positive impact’ on Gaobeidian project
SINGAPORE (April 5): Oxley Holdings, KSH Holdings, Lian Beng Group and Heeton Holdings say China’s latest Special Economic Zone (SEZ) in Hebei is likely to have a “positive and favourable” impact on their joint-venture project in Gaobeidian.
Keong Saik Road’s second wave of gentrification
IN early March, Chinatown Hotel on Teck Lim Road was put up for sale.
KSH, Lian Beng, Heeton, Oxley shares on a tear after site of China’s latest SEZ revealed
SINGAPORE (April 4): The share prices of KSH Holdings, Lian Beng Group, Heeton Holdings and Oxley Holdings sprung to life on Tuesday after news broke that a “1,000 year” Special Economic Zone (SEZ) would be sited right next to their joint-venture development in Hebei province.
Sime Darby's maritime city could spur further development, says RHB Research
KUALA LUMPUR (April 4): Sime Darby Property Bhd entered into a memorandum of understanding yesterday with MMC Port Holdings Sdn Bhd and India's Adani Ports and Special Economic Zone Ltd to study the feasibility of developing a maritime city on its plot in Carey Island.
Singapore REITs get an upgrade as Fed doves & hawks tussle
SINGAPORE (April 3): CIMB Research is upgrading its sector outlook on Singapore REITs (S-REITs) from “underweight” to “overweight” on a dovish Fed outlook in addition to a potential sector re-rating ahead of a broader physical recovery in 2018.
Frasers Centrepoint unit in S$1.4 bil JV with TCC Assets to build Bangkok development
SINGAPORE (April 3): Frasers Centrepoint Ltd subsidiary, Frasers Property Holdings (Thailand), on March 31 entered into a JV agreement with TCC Assets to establish a JV company, One Bangkok Holdings (OBH) to build an integrated mixed-use development in Central Bangkok, Thailand.
Forest City's Chinese buyers face hefty penalty clause
KUALA LUMPUR (April 3): Mainland Chinese purchasers of homes in Forest City, Country Garden’s megaproject in Johor, are now staring at the daunting prospect of having to pay a penalty of 30% of the purchase price for pulling out of the deal.
