Anzo rights issue with warrants fully subscribed
KUALA LUMPUR (June 14): Timber door maker and construction company Anzo Holdings Bhd successfully closed its rights issue on June 9, with 482.
PropNex merges with Dennis Wee Group to form Singapore’s largest property agency
SINGAPORE (June 13): PropNex Realty is merging with Dennis Wee Group (DWG) to form what will be Singapore’s largest property agency with close to 7,000 salespersons.
Vivocom terminates RM240.42 mil contract from Coneff
KUALA LUMPUR (June 9): Vivocom International Holdings Bhd said today it has terminated a RM240.
S P Setia’s Elonia at Bukit Indah fully taken up
JOHOR BAHRU (JUNE 9): S P Setia Bhd’s latest double-storey terraced housing project in Johor, Elonia at Bukit Indah, has been fully taken up since its official launch in April 2017.
Hong Kong housing prices hit new high, but could be higher, says JLL
PETALING JAYA (June 9): Hong Kong’s residential prices have gone up 75.
U-Thant property owners win bid to challenge highway alignment
KUALA LUMPUR (June 9): Ten property owners and residents along Jalan U-Thant have been granted leave by the High Court in Kuala Lumpur to challenge the Desa Pandan alignment of the Setiawangsa-Pantai Expressway (SPE) the malaysiakini news portal reported today.
Sinmah Capital to go into property development, forms JV with Encorp
KUALA LUMPUR (June 9): Poultry player Sinmah Capital Bhd (formerly known as Farm’s Best Bhd) is proposing to diversify its businesses to include property development and construction.
HLIB Research starts coverage on Protasco, target price RM1.20
KUALA LUMPUR (June 9): Hong Leong IB Research has initiated coverage on Protasco Bhd with a “Buy” rating and target price of RM1.
CIMB Research starts coverage on Selangor Properties, target RM5.12
KUALA LUMPUR (June 9): CIMB IB Research has initiated coverage on Selangor Properties Bhd (SelProp) at RM4.
DONE DEAL: Desa Green serviced apartment, Taman Desa, Kuala Lumpur
Sold for: RM420,000 (RM726psf) Concluded by: Tommy Koay (REN 07708) of Concept Property and Valuation (013-386 8108) When: February 2017 Noteworthy: ● Freehold ● Built-up area: 578 sq ft ● Developed by UOA Development Bhd ● Completed in July last year ● One bedroom and one bathroom ● Bare unit ● Comes with one car park ● Maintenance fee: 25 sens psf According to the agent, Tommy Koay of Concept Property and Valuation Sdn Bhd, the seller was an investor who bought several units at Desa Green when it was first launched and is now selling them.
