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Pink Corner, TRC win bid for land in Sungai Buloh

KUALA LUMPUR: Kwasa Land Sdn Bhd, a wholly-owned subsidiary of the Employees Provident Fund (EPF), named Pink Corner Sdn Bhd and TRC Land Sdn Bhd as the first two winning bidders under the bumiputera companies’ category to develop its RM50 billion Kwasa Damansara township in Sungai Buloh, Selangor.

28 January, 2014
MRCB to announce REIT proposal this week

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) is going to undertake a real estate investment trust (REIT) exercise sooner than thought, as sources noted that the company could look to announce a REIT proposal as early as this week.

27 January, 2014
Penang Times Square’s phase four set to start in 2015

KUALA LUMPUR: Ivory Properties Group Bhd expects phase four of the Penang Times Square (PTS) to commence work in the first half of 2015, said group chief executive officer Datuk Low Eng Hock.He told The Edge Financial Daily via email that phase four of The Central is expected to be completed by 2019.

24 January, 2014
Gloomy outlook for Hong Kong’s property market

KUALA LUMPUR: Cooling measures and economic uncertainties will continue to weigh down on values and yields of Hong Kong properties, said Knight Frank in a report on Jan 21.Residential properties will be hardest hit with values expected to decline by a further 10% to 15%, while rents are expected to decline by up to 5%.“Residential sales could drop further with continued cooling measures and inc

24 January, 2014
Prohibition of pre-launch sales in India means funding constraints

PETALING JAYA: In India, pre-launch schemes by residential developers may soon vanish pending the Real Estate Regulatory Bill and this will create funding constraints for future projects, according to a recent report by Jones Lang LaSalle India.“In June 2013, India’s Group of Ministers (the Union Cabinet) approved the Bill, which prohibits residential unit sales by developers before obtaining a

24 January, 2014