Ascendas-Singbridge to redevelop CPF Building for S$1 bil
In 2020, a 180m-tall Grade-A office building will replace the former CPF Building. The consortium redeveloping the property into a new 29-storey tower at 79 Robinson Road comprises urban solutions provider Ascendas-Singbridge Group and its Japanese joint-venture partners Mitsui & Co and Tokyo Tatemono Co. Ascendas-Singbridge will hold a 65% stake in the consortium, with Mitsui and Tokyo Tatemono holding the remainder.
CapitaLand Retail China Trust to benefit from low vacancy rates and higher rent
“[Colliers suggests] that because of limited land supply and government restrictions on developing new shopping centres in major downtown areas, new supply growth is expected to slow in the following years and the market should continue to favour landlords.”
Gabungan AQRS’ share-price surge not surprising
AQRS potentially stands to benefit from future development in Kota SAS, especially transit-oriented development projects.
UEM Sunrise’s Canada land disposal seen to be completed by 3QFY2017
The property was acquired back in April 2014 at a cost of C$70.2 million with a planned gross development value of C$516.9 million.
IWCity share price rally takes a breather
Iskandar Waterfront City Bhd’s (IWCity) share price falls 13 sen or 5% to RM2.46 in active morning session trade today, as some stale bulls take profit after the share price doubled since the start of the month. The counter was among the top decliners, with some 26.29 million shares crossed this morning.
WCT still haunted by racecourse ‘ghost’
WCT Holdings Bhd has received a request for arbitration from the Dubai International Arbitration Centre which was filed by Triumpher Steel Construction Group (TSC).
Sunway Construction confirms securing RM212.3m MRT2 job
Sunway Construction Group Bhd confirms that its subsidiary Sunway Construction Sdn Bhd (SCSB) has bagged a construction job from intercity railway operator Mass Rapid Transit Bhd (MRT) worth RM212.3 million.
EcoWorld unveils Eco Grandeur show village and launches ‘My Happy Place’ campaign
Eco World Development Group Bhd (EcoWorld) has opened the show village for Eco Grandeur in Puncak Alam, Selangor last weekend.
Sarawak mulls policy for middle-income group to buy houses
Sarawak will fine-tune its own financial model to enable the middle-income group to buy their own house in the state.