Sime Darby to sell properties worth RM2 billion to reduce debt, says report
KUALA LUMPUR (Feb 17): Sime Darby Bhd is planning to sell some RM2 billion worth of real-estate assets in Australia and Singapore as it battles cash flow issues amid falling palm oil prices, The Wall Street Journal reports.
Hong Kong residential property market expected to continue downward trend
HONG KONG (Feb 16): Global commercial real estate services company Cushman & Wakefield expects the Hong Kong residential property market to continue its downward trend.
More China investors to buy HK office buildings in 2016
HONG KONG (Feb 16): Hong Kong is expected to see more China investors acquiring office buildings in 2016, according to global commercial real estate services company Cushman & Wakefield.
TRC Synergy sells Melbourne office property to MD
KUALA LUMPUR (Feb 16): TRC Synergy Bhd is selling an office suite in the suburbs of Melbourne, Australia, to its managing director Tan Sri Sufri Mohd Zin for A$1.
Oxley Holdings plans to open hotel and residences in KLCC area in 2020
PETALING JAYA (Feb 16): Singapore-listed property developer Oxley Holdings Ltd (Oxley) has announced it will open its 207-room So Sofitel Hotel and a 590-key So Sofitel Residences in the heart of Kuala Lumpur City Centre (KLCC) area in 2020, it said in a press statement today.
EcoWorld all set to unveil Karisma
PETALING JAYA (Feb 16): Eco World Development Group Bhd will be unveiling its Karisma apartment project in Eco Majestic, Semenyih, by end of this month.
Sunway Gandaria Retail 95% sold
BANGI (Feb 16): Sunway Property -- the property arm of Sunway Bhd -- clinched 95% sales for Sunway Gandaria Retail, one of the components of its latest mixed-use development in Bangi, Sunway Gandaria.
