News by M

Penang-based property developer M Summit Group is set to launch next month two new mixed-development projects, with a combined gross development value (GDV) of RM85 million.

To help set us on our way in our property investment quest in 2017, TheEdgeProperty.com asked 20 real estate consultants, agents and negotiators to tell us their choice of the best property investment locations in Greater Kuala Lumpur and Klang Valley for 2017.

Sebana Cove Resort is a 1,188-acre resort township where residential and commercial components are cohesively planned alongside a resort with a private marina and an 18-hole golf course, said IJM Corp.

Ekovest said its wholly-owned subsidiary Ekovest Construction Sdn Bhd has entered into a JV and shareholders agreement with Samling Resources for the proposed project.

Overall, the site covers a total area of 486 acres (196.7ha), which is almost five times the size of the Kuala Lumpur City Centre’s site including the surrounding park.

RHB is maintaining its “buy” call on Frasers Centrepoint Trust (FCT) with a target price of $2.22 despite foreseeing a challenging retail outlook for 2017, as the research house is confident in the REIT’s management as well as suburban mall portfolio.

Franses Gallery, a London-based UK art gallery, says it is currently in the midst of a “bitter [court] dispute” with CapitaLand over a new 15-year lease of purpose-built premises within the Singapore-listed property developer’s Ascott-branded Cavendish Hotel.

The project will be completed within 15 months from the date of commencement.

The House Price Index (HPI) grew by 5.3% year-on-year (y-o-y) to 235.4 in the second quarter of calendar year 2016 (2Q16), which is significantly lower than the five-year average growth of 9.3%.

The construction sector is expected to remain a bright spot amid the less-than-rosy prospects of the wider domestic and global economies — which are facing a multitude of uncertainties…