JKG Land plans 2 for 1 rights shares to raise up to RM151.7 mil to fund property projects
KUALA LUMPUR (Dec 15): Property developer JKG Land Bhd proposes a rights issue of 1.
Gamuda 1Q earnings flat at RM162 mil as revenue dips on completion of MRT1 work
KUALA LUMPUR (Dec 16): Engineering, construction and infrastructure player Gamuda Bhd's net profit came in largely flat in its first quarter with a slight dip in revenue as construction works for the MRT1 or MRT Line 1 tapers off.
Kuala Lumpur up 14 places as most expensive city for expatriates
KUALA LUMPUR (Dec 16): Kuala Lumpur is up 14 places to 192nd place on the list of most expensive cities for expatriates in ECA International's global ranking, according to its latest cost of living survey.
Mah Sing celebrates MRT Line 1 with #161216 D’sara MRT Hunt campaign
PETALING JAYA (Dec 16): Mah Sing Group Bhd’s group managing director Tan Sri Leong Hoy Kum with his team were one of the first few riders of the MRT service that started operations today.
JLL Malaysia: KWAP buys KL’s Menara AIA Cap Square
PETALING JAYA (Dec 16): Malaysia’s second largest pension fund Kumpulan Wang Persaraan (Diperbadankan) (KWAP) has bought Kuala Lumpur’s Menara AIA Cap Square from Germany’s Union Investment Real Estate GmbH (UIRE).
Cloud Design Sdn Bhd launches first web-based ID platform Furmingo
PETALING JAYA (Dec 16): Cloud Design Sdn Bhd has launched Furmingo, a web-based interior design software platform, aiming to make interior design hassle-free and affordable for everyone.
Declining affordability, high inventory to be a drag on property prices in S'pore
SINGAPORE (Dec 16): CIMB expects the affordability of Singapore homes next year to be eroded on the back of higher mortgage rate as interest rates inch up further.
CapitaLand’s Ascott acquires Dublin hotel for S$83.6 mil
SINGAPORE (Dec 16): CapitaLand on Friday announced that wholly-owned serviced residence business unit The Ascott has acquired Temple Bar Hotel in Ireland capital Dublin for 55.
MMC Gamuda launches first phase of MRT SBK Line ahead of schedule
KUALA LUMPUR (Dec 16): MMC Gamuda KVMRT (PDP) Sdn Bhd completed and launched the first phase of the Sungai Buloh-Kajang (SBK) Line yesterday, two weeks ahead of schedule.
Overall property sales to remain subdued next year
Property development sector Downgrade to neutral: Property sales recovered in the third quarter of 2016 (3Q2016) as six of the seven developers under our coverage registered 18% to 160% quarter-on-quarter sales growth.
