Singapore REITs outlook cloudy as rate hike looms following Trump triumph
SINGAPORE (Nov 16): Dark clouds are gathering for Singapore real estate investments trusts (REITs).
Land & General to buy four firms for RM298 mil; proposes rights issue
KUALA LUMPUR (Nov 16): Land & General Bhd (L&G) is acquiring four companies for a total of RM298.
Ascott’s expansion crosses 50,000 units globally
SINGAPORE (Nov 15): The Ascott Ltd, CapitaLand’s wholly owned serviced residence business unit, has secured more than 10,000 apartment units across 51 properties this year, setting a new record.
Penang has lost Pulau Jerejak ownership, says Teng
GEORGE TOWN (Nov 15): Penang has totally lost the ownership of Pulau Jerejak after Penang Development Corp (PDC) sold its 49% ownership in Tropical Island Resort Sdn Bhd (TIRSB) to Ideal Properties subsidiary, Q Island Development.
Mayland mulls listing in three years
KUALA LUMPUR (Nov 11): Malaysia Land Properties Sdn Bhd (Mayland) is mulling a public listing on Bursa Malaysia in the next three years, according to its managing director Datuk Kevin Woo.
OCR Land eyes 100% take-up rate by 1Q2017 for The Pano
KUALA LUMPUR (Nov 11): Despite the soft property market, OCR Land Holdings Sdn Bhd is eyeing a 100% take-up rate for its serviced residence project The Pano @ Jalan Ipoh by 1Q2017.
Mayland launches serviced apartments at Country Heights Damansara
BANDAR SRI DAMANSARA (Nov 11): Malaysia Land Properties Sdn Bhd (Mayland) has launched its Hampton Damansara serviced apartments at Country Heights Damansara in Kuala Lumpur today.
DBS calls buy on CapitaLand on better earnings quality
SINGAPORE (Nov 11): DBS Group Research has a buy call on CapitaLand after the property group posted a robust set of earnings for its third quarter of 2016 amid portfolio-wide improvement.
