News about l

DESPITE the sluggish market, property investors in Penang can take comfort in reports of capital appreciation in the state.

PETALING JAYA (Oct 14): Boutique developer Artisan Development is set to unveil the show unit of its latest landed home project — The Edge of U-Thant, some time between Oct 17 and 22.

JOHOR BAHRU (Oct 14): Damansara Realty Bhd will enter a joint venture (JV) with Country Garden Holdings Co Ltd to develop a 53-acre freehold land parcel in Johor Bahru into an integrated township known as Central Park.

SINGAPORE (Oct 14): Ascott Residence Trust (ART) could benefit from parent CapitaLand’s recent tie-up with Tujia, dubbed China’s answer to Airbnb, says UOB Kay Hian lead analyst Derek Chang in a Oct 14 report which has a “buy’ on ART with S$1.

KUALA LUMPUR (Oct 14): Nexgram Holdings Bhd shares were actively traded in the early trade today after its 70% indirectly owned subsidiary bagged two housing development contracts.

KUALA LUMPUR (Oct 14): Master developer of Kwasa Damansara, Kwasa Land Sdn Bhd (Kwasa Land) has awarded the development rights for the plot known as R3-1 to Gadang Holdings Bhd (Gadang), an investment holding company with subsidiaries principally involved in civil engineering and construction, property development, water and power supply.

KUALA LUMPUR (Oct 14): The Federal Territories Ministry plans to build accommodation for low income youths working in the service sectors in Kuala Lumpur, Bernama reported yesterday.

PETALING JAYA (Oct 14): Mah Sing Group Bhd’s (Mah Sing) charity arm Mah Sing Foundation handed over some RM1.

KUALA LUMPUR (Oct 14): The federal territories ministry has urged property developers to build more houses priced at RM250,000 and below.