Ikhmas Jaya Group Bhd (May 3, 72 sen) Maintain buy with an unchanged target price of 76 sen: Ikhmas Jaya Group Bhd has announced that it on Tuesday agreed and accepted the terms and conditions of a letter of award from Pelaburan Hartanah Bhd to carry out site clearance, earthworks, piling (bore) and pile cap works for a shopping complex in Terengganu worth RM62.
SINGAPORE (May 2): The trustee manager of CapitaLand Commercial Trust (CCT) has entered into an agreement to divest One George Street into a concurrently-formed limited liability partnership – One George Street LLP (OGS LLP), which CCT has established with joint venture partner OGS (II), a special purpose vehicle owned by insurer FWD Group.
SINGAPORE (April 28): Unitholders of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust will vote today on booting out the REIT’s manager, and perhaps winding up the whole entity.
PETALING JAYA: A successful township development not only provides excellent facilities but cultivates a sense of community.
SALES of new private homes surged to a four-year high last month when some property cooling measures were adjusted for the first time since they were rolled out in 2009.
KUALA LUMPUR (April 25): SCM Property Services Sdn Bhd, a wholly-owned subsidiary of UEM Sunrise Bhd, will be introducing a one-stop real estate management service concept in collaboration with eight real estate agencies.
FOUR private non-landed houses were each sold for more than S$1 million in profit in the week of March 28 to April 4.
SINGAPORE (April 20): RHB has downgraded its call on CapitaLand Commercial Trust (CCT) from “buy” to “take profit”, recommending investors to lock in profits and re-enter at lower levels now that the units of the trust are currently hovering close to the research house’s target price of S$1.
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