News by The Edge

The acquisition is in line with its strategy of redeploying capital from its existing property portfolio...

Panasonic Malaysia Sdn Bhd recently launched the AERO series of single-split wall-mounted air-conditioners, following the success of the SKY Series last year.

Singapore-listed property construction and development company Koh Brothers Group Ltd announced its maiden foray into the Korean real estate market with the purchase of a prime freehold site in the heart of the famed Gangnam-gu district in Seoul, South Korea.

Opposition lawmaker Tony Pua has lambasted Prime Minister Datuk Seri Najib Razak for making up plans for Bandar Malaysia as he goes along, and criticised the development as one that “lacked any direction”.

A Singapore consortium was yesterday given the master development rights to the Amaravati City Start-up Area in India’s southern Andhra Pradesh state.

Some S$4.99 billion (RM15.4 billion) worth of real estate investment deals were closed in the first three months of this year, a 67.4% surge from the year-ago period.

The Singapore Land Authority (SLA) yesterday said it would conduct the first-ever price and quality tender for the conserved state property at 26, 28, 30, 32 and 36 Orchard Road for commercial use.

For the three months ended March 31, The Business Times said, its gross revenue climbed 12.9% to S$88.4 million from the preceding year, mainly due to the rental contribution of its Sydney asset 177 Pacific Highway.

This was due in part to exchange losses from translation of the group’s UK and Malaysian subsidiaries, as a result of the weakening of the sterling pound and ringgit against the Singapore dollar.

An overwhelming 24 bids were submitted for the tender of a residential plot in Toh Tuck Road, the Urban Redevelopment Authority announced at the tender closing yesterday.