News by M

The proposal in 2014 to buy the freehold plot from Genting Property Sdn Bhd for RM34.85 million was for the development of a shopping centre, AEON said in a filing today.

The job was awarded to WCT's wholly-owned unit, WCT Bhd (WB), which received a letter of acceptance from Prasarana on Tuesday.

Amanah Hartanah Bumiputera's (AHB) income distribution for the six months ended March 31, 2017 fell to 3.1 sen per unit, compared with 3.3 sen for the previous corresponding period.

In a report by South China Morning Post (SCMP) today, Zhu Jianmin, vice-president of Country Garden said “they can cancel the transaction and there is no need to pay a forfeit fee”.

In early March, Chinatown Hotel on Teck Lim Road was put up for sale. The 42-room boutique hotel is located off Keong Saik Road in the Chinatown-Bukit Pasoh area. The owners have been operating the hotel for the past 25 years.

Taking your chances on Singapore’s Straits Times Index (STI) could be a wiser investment decision than putting your capital in the local property market, says Tata Goeyardi of Religare Capital Markets.

The real estate arm and wholly-owned subsidiary of Yayasan Amanah Hartanah Bumiputera (YAHB), Pelaburan Hartanah Bhd (PHB) has officially launched Mayang Mall in Kuala Terengganu. The mall will be completed by 2020 and managed by Sogo KL.

The 92-unit Citadines VN Jardins São Paulo and 122-unit Citadines VN Faria Lima São Paulo are scheduled to open in 4Q2017 and 2020 respectively, both of which will be operated by a local real estate company, Vitacon.

Ascendas Fund Management, the manager of Ascendas REIT, today announced completion of the REIT’s acquisition of Stage 4, Power Park Estate in Melbourne, Australia, from Goodman Dandenong Trust for a purchase consideration of A$24.8 million (S$26.5 million or RM84 million).

Singapore’s property market is expected to benefit from a number of government policy changes that have recently begun to take effect, according to recent research data published by JLL.