In Depth

E&O to dispose of more non-core assets

To recap, its total capital commitment for STP2A is estimated at RM1.8 billion (including infrastructure costs) and it still has 507 acres (205ha) remaining to be reclaimed in other phases. The assets that could be disposed of, among others, include its hotels (such as Straits Quay and Lone Pine) and certain land banks that could collectively be sold for more than RM400 million.

EWI aims to acquire more projects

Incorporated in 2013, EWI currently has three ongoing development projects in London, one in Sydney and a site in Melbourne that is being acquired. EWI’s three development projects in London are held through a 75%-owned joint venture (JV).

Ikhmas Jaya to resume growth trajectory

Ikhmas Jaya Group Bhd has announced that it on Tuesday agreed and accepted the terms and conditions of a letter of award from Pelaburan Hartanah Bhd to carry out site clearance, earthworks, piling (bore) and pile cap works for a shopping complex in Terengganu worth RM62.4 million.

Oxley positions Batam as a convention city

A strategic location and great connectivity to three major cities — Singapore, Jakarta, and Kuala
Lumpur — has made Batam an alluring destination for MICE.

Strata problem brewing for Forest City

Forest City boasts of being the largest mixed-use green development in Southeast Asia, but local property professionals are wondering whether a larger problem is brewing.

Not much shelter from Pavilion

Pavilion Kuala Lumpur mall (PKL) recorded lower gross revenue (down 2% y-o-y) as the mall is still in the midst of tenant repositioning to improve tenancy mix and we gather this is likely to continue into the first half of 2017.

High-net-worth individuals focusing on real estate investments

A mid the global political and economic uncertainties, global high-net-worth individuals (HNWIs) tend to shy away from high-risk investments. Instead, they will shift their attention to safer options such as property investments, according to Knight Frank senior partner and group chairman Alistair Elliott.