Hektar REIT slips into the red in 4Q on fair value loss
KUALA LUMPUR (Feb 17): Fair value adjustment arising from revaluation of its assets led Hektar Real Estate Investment Trust (Hektar REIT) to post a net loss of RM28.
Sime Darby to sell properties worth RM2 billion to reduce debt, says report
KUALA LUMPUR (Feb 17): Sime Darby Bhd is planning to sell some RM2 billion worth of real-estate assets in Australia and Singapore as it battles cash flow issues amid falling palm oil prices, The Wall Street Journal reports.
TRC Synergy sells Melbourne office property to MD
KUALA LUMPUR (Feb 16): TRC Synergy Bhd is selling an office suite in the suburbs of Melbourne, Australia, to its managing director Tan Sri Sufri Mohd Zin for A$1.
Asian property giants sidestep Australia's foreigner rules
SYDNEY (Feb 16): A loophole in Australian property rules has helped overseas developers invest what industry executives believe were record levels in the country in 2015, casting doubt over the efficacy of curbs intended to keep a lid on soaring prices.
TSR bags RM240 mil condo job
KUALA LUMPUR (Feb 16): TSR Capital Bhd has bagged a RM240 million contract from Putrajaya Homes Sdn Bhd to build two blocks of 19-storey and 18-storey condominiums and two blocks of multilevel car park in Putrajaya.
PROPERTY SNAPSHOT 2: What’s affordable in Kuching?
While the overall Kuching property market has been tepid, the high-rise segment continues to perform relatively well, as it offers an affordable alternative to increasingly expensive landed homes.
Looking better but Kota Damansara flats still have long way to go
KUALA LUMPUR (Feb 15): Much has been done in a year to improve conditions at the Kota Damansara low-cost (PPR) flats in Petaling Jaya, Selangor.
Nick Lu’s iron will to succeed
UNDER the beating sun, beads of sweat quickly appear on his forehead.
Accept Court decision, forget judicial review, ashram trustees urged
KUALA LUMPUR (Feb 12): DAP National vice-chairman has urged the Vivekananda Ashram trustees not to appeal the Kuala Lumpur High Court’s dismissal today of their application for a judicial review of the federal government’s decision to gazette the ashram.
