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Offshore: Singapore to see 1,200 new serviced apartments over next four years

The serviced residences market will be seeing 1,200 new units from eight developments over the next four years. As at 2Q, the Singapore market already had more than 4,600 units in 50 developments.However, there will be no worries of oversupply, because demand is expected to grow at a faster pace relative to supply as more MNCs rent the apartments as temporary accommodation for their employees.

City&Country: City-centre luxury villas in the sky

Malaysia tends to undersell itself, says Choy-Soon Chua, managing director of Germany-based SEB Investment GmbH (SEB) as he takes City & Country on a tour of Pavilion Residences Tower 1’s newly launched 4-bedroom Sky Villas

Ananda Krishnan launches privatisation bid for Tanjong at RM21.80 per share

KUALA LUMPUR: Tanjong Capital Sdn Bhd (TCSB), a vehicle linked to Malaysian tycoon T Ananda Krishnan, is launching a conditional takeover offer for Tanjong plc to acquire all of the latter’s ordinary shares of 7.5 pence each for a cash offer price of RM21.80 apiece, it said in a Bursa filing on Friday, July 30.

SunCity indirect subsidiaries wound up

KUALA LUMPUR: Sunway Lagoon Sdn Bhd units Sunway Wildlife Sdn Bhd and Sunway Lagoon Management Sdn Bhd had been wound-up voluntarily by creditors on July 29 as if they had been dormant, parent company Sunway City Bhd (SunCity) said in a Bursa filing on Friday, July 30.