News by M

Rahim & Co founder and executive chairman Tan Sri Abdul Rahim Abdul Rahman pointed out that based on historical data, the local market has a 10-year cycle.

Residents of the city have called for the Trump name to be removed from the Trump International Hotel & Tower Vancouver, the report said.

"The board expects the property development segment to continue to contribute positively to the group's performance in the coming financial year."

The group also proposed a final dividend of 10 Singapore cents per share.

Chinese appetite for hotel real estate remains even though Beijing has announced tighter measures on outbound capital in mid-December for “non-core” business activities.

Wong Engineering said it will leverage, among others, on major shareholder and managing director Yong Loy Huat’s expertise and experience to tender for construction and property development projects, as well as supply construction materials for these projects.

Year on year, 1QFY2017 core net profit increased by 83.3% to RM341.1 million, boosted mainly by higher plantation earnings (which in turn were driven by higher palm product prices) and better performance at the property and farming divisions.

Value hunters are spoilt for choice when it comes to house-hunting in the prime residential districts. A total of 42 transactions in the S$900,000-to-S$1.1 million range were recorded in prime Districts 1, 2, 9, 10 and 11 from October 2016 to January to date. These transactions were mainly for units of 420 to 861 sq ft.

Al Salam Real Estate Investment Trust (REIT) saw its net property income (NPI) jump 33% to RM16.46 million in the fourth quarter ended Dec 31, 2016 (4QFY16), from RM12.28 million in the previous corresponding quarter, supported by a bigger portfolio of properties.

CDL China, a wholly-owned subsidiary of City Developments Limited (CDL), is acquiring a prime Shanghai commercial project, Meidao Business Plaza for RMB 900 million (S$186 million) through the purchase of a 100% equity stake in Shanghai Meidao Investment Co.