SPH REIT upgraded to ‘buy’ on potential mall acquisition
SINGAPORE (March 16): DBS Group Research has upgraded SPH REIT to “buy”, from “hold” previously, and raised its target price by 3% to S$1.
Letter of award for Penang transport plan extended again — Gamuda
KUALA LUMPUR (March 16): The validity of the letter of award to the Gamuda Bhd-led consortium chosen as project delivery partner for the RM46 billion Penang Transport Master Plan has been extended till Aug 31.
Expect smaller homes to be launched, says TAHPS CEO
KUALA LUMPUR (March 15): Expect to see more property projects offering small sized units in the near future, said TAHPS group chief executive officer (CEO) Eugene Khoo (pictured).
L&G gets shareholders’ nod to acquire four property firms
KUALA LUMPUR (March 16): Land & General Bhd’s (L&G) shareholders will soon have to fork out 21 sen per share based on an indicative issue price of its rights issue to acquire four property firms plus an option to buy from its major shareholders.
Lendlease unveils Park Place Residences at PLQ
AUSTRALIAN-listed property developer and infrastructure group Lendlease will preview Park Place Residences at Paya Lebar Quarter (PLQ) on March 11.
Ascendas-Singbridge to redevelop CPF Building for S$1 bil
IN 2020, a 180m-tall Grade-A office building will replace the former CPF Building.
Singapore commercial real estate to attract US$5.5 bil of new capital in 2017
SINGAPORE (March 15): Singapore could attract some US$5.
Kuala Lumpur gains more attention from commercial property investors
KUALA LUMPUR (March 15): Kuala Lumpur and Bangkok are generating higher investor interest in direct commercial real estate investment, according to JLL’s newly released Investment Intensity Index.
CapitaLand Retail China Trust to benefit from low vacancy rates and higher rent
SINGAPORE (March 15): OCBC is reiterating its “buy” call on CapitaLand Retail China Trust (CRCT) at a fair value of S$1.
