Ipoh gets Lonely Planet honour

KUALA LUMPUR (July 13): What do you think of when Ipoh comes to mind? Pomelos? Shredded chicken kueh teow soup? A long gone mega tin mining industry? Crunchy bean sprouts? Salt-baked chicken? Pretty girls with flawless complexion? The city has been sort of underrated over the years as a tourist spot in Malaysia, with the Pearl of the Orient, Penang; and historical Melaka hogging the limelight in the peninsula and Land Below the Wind, Sarawak across the South China Sea drawing in visitors.

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CapitaLand’s Ascott to buy prime Australian property for S$71 mil

SINGAPORE (July 12): CapitaLand's wholly-owned serviced residence business unit, The Ascott, is acquiring a 221-unit serviced residence in Docklands, Melbourne, for A$71 million (S$71 million) (RM210 million) as part of its partnership with Australian-based apartment operator Quest Apartment Hotels.

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DTZ Nawawi Tie Leung rebrands as Nawawi Tie Leung

PETALING JAYA (July 11): The Nawawi Tie Leung group of companies — previously comprising DTZ Nawawi Tie Leung Sdn Bhd and DTZ Nawawi Tie Leung Property Consultants Sdn Bhd — have been rebranded as Nawawi Tie Leung Real Estate Consultants Sdn Bhd and Nawawi Tie Leung Property Consultants Sdn Bhd, said the group in a press statement.

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UEMS, E&O earnings below expectations

Property sector Maintain neutral: Out of eight property developers under our coverage, two (UEM Sunrise Bhd [UEMS] and Eastern & Oriental Bhd [E&O]) reported earnings below expectations.

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Buyer for land near palace?

KUALA LUMPUR (July 11): All eyes are on the price tag that the ministry of finance (MoF) could fetch for the two parcels of land that it has put up for sale near Damansara Heights at the time when the property market is experiencing a slowdown.

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