Blackstone in negotiations to buy Sime Darby’s Aussie assets, says report
KUALA LUMPUR (May 4): Blackstone Group LP is in negotiations to buy industrial properties owned by Sime Darby Bhd in Australia, according to a report by Bloomberg.
LBS Bina expects sales cancellation rate of 30% this year
KUALA LUMPUR (May 4): Property developer LBS Bina Group Bhd expects 30% of its overall project sales to be cancelled this year — the same ratio it saw last year — due mostly to buyers failing to obtain loans following cooling measures for the property market that were introduced by the central bank.
Ho Hup bags RM58 mil West Coast Expressway subcontract
KUALA LUMPUR (May 4): Ho Hup Construction Co Bhd has won a RM58 million subcontract to undertake structures and bridge works in Perak, which are part of the West Coast Expressway.
Kimlun wins RM166 mil Rumah Selangorku construction job
KUALA LUMPUR (May 4): Kimlun Corp Bhd has won a construction contract worth RM165.
PROPERTY SNAPSHOT 3: What are developments priced in Kelana Jaya?
• Today, we continue our focus on Kelana Jaya by looking at average prices on a per square foot (psf) basis.
HK’s Nan Fung puts KL land up for sale
HONG KONG-based Nan Fung Group plans to dispose of several parcels of land in Kuala Lumpur measuring a total of 33 acres for an estimated RM700 million, sources say.
Pavilion REIT likely to continue its acquisition trail
Pavilion Real Estate Investment Trust (April 29, RM1.
PROPERTY SNAPSHOT 2: What’s affordable in Kelana Jaya?
• Home to Paradigm Mall and serviced by the Kelana Jaya LRT Line, Kelana Jaya is a highly popular neighbourhood.
The Edge Investment Forum on Real Estate 2016 draws 600 attendees
KUALA LUMPUR (April 30): About 600 participants kicked off their long weekend by attending The Edge Investment Forum on Real Estate 2016 (REIF 2016) today.
