A tale of three markets
THIS year will see acquisitions and mergers for some developers in Malaysia.
Ekovest bags RM6.32b job to build highway
KUALA LUMPUR (Jan 17): Construction company Ekovest Bhd wins a RM6.
Hua Yang’s net profit declines 65.45% on lower revenue
KUALA LUMPUR (Jan 17): Hua Yang Bhd saw its net profit decline 65.
Opening of MyTOWN Shopping Centre postponed to March 16
PETALING JAYA (Jan 17): The opening date of MyTOWN Shopping Centre has been readjusted from Feb 16 to March 16 due to requests from tenants.
CapitaLand’s divestment of Nassim seen as a positive
SINGAPORE (Jan 17): RHB is in favour of CapitaLand’s divestment of the remaining 45 units in the The Nassim for a total of S$411.
City Developments set to pounce on more acquisitions
SINGAPORE (Jan 17): City Developments is expected to pounce on more acquisition opportunities this year to capitalise on the current market weakness, says RHB.
Singapore's property sector is in recovery mode, despite TDSR
SINGAPORE (Jan 17): Singapore's residential home sales including executive condominiums reached 12,432 units in 2016, an improvement of 21% over 2015 levels.
CapitaLand to develop Grade A office tower in Ho Chi Minh City CBD
SINGAPORE (Jan 17): CapitaLand is acquiring a prime commercial site in the CBD of Ho Chi Minh City to develop its first international Grade A office tower in Vietnam.
M101 Holdings appoints China Huashi as Skywheel’s main contractor
KUALA LUMPUR (Jan 17): M101 Holdings Sdn Bhd has appointed China Huashi Enterprises Co, Ltd as the main contractor for the M101 Skywheel development, which carries an estimated gross development value (GDV) of RM1.
Healthy project pipeline ahead for construction segment
Construction sector Maintain overweight: According to Construction Industry Development Board statistics, industry contract awards fell 28% quarter-on-quarter (q-o-q) to RM22.
