Tower REIT appoints Eusoffe Chua as its CEO
KUALA LUMPUR (Sept 6): Tower Real Estate Investment Trust (REIT) has appointed Chua Song Yong @ Eusoffe Chua as its chief executive officer effective yesterday.
Steep hike in development charge rates for Spore's non-landed residential sector
SINGAPORE (Sept 5): The Ministry of National Development has raised the development charge (DC) rates for land use groups: commercial; landed residential; and non-landed residential for the period of Sept 1 to February 28, 2018.
IOI Properties’ 4Q revenue surges 34% y-o-y, driven mainly by Singapore development
PETALING JAYA (Aug 29): IOI Properties Group Bhd 4Q2017 revenue has registered a 34% year-on-year (y-o-y) jump to RM1.
Renewed interest in ageing mixed-use developments on Orchard Road
The collective-sale fever has returned, and some investors are adopting a long-term position by buying units in ageing, freehold buildings in the prime Orchard Road belt.
OrangeTee and Edmund Tie merger to form Singapore’s third largest agency
SINGAPORE (Aug 28): OrangeTee and Edmund Tie & Co (ET&Co) today announced the merger of their associate agencies to create a new entity, OrangeTee & Tie.
Collective sale fever continues in Singapore
SINGAPORE (Aug 25): Aug 22 saw the launch of collective sale tenders for two former HUDC estates - Florence Regency and Normanton Park - at a reserve price of S$600 million (RM1.
KL–Singapore HSR briefing in September ahead of AssetsCo tender
KUALA LUMPUR (Aug 23): Malaysia's MyHSR Corp Sdn Bhd and Singapore's Land Transport Authority (LTA) will jointly conduct a second industry briefing this Sept 26, as both government-linked entities prepare to solicit bids for the Kuala Lumpur-Singapore High Speed Rail (HSR) assets company (AssetsCo).
8 highest yielding private properties in Central Singapore
SINGAPORE (Aug 22): Getting your rental yield right goes a long way.
September launch for “build-and-book online” Sunway GRID apartments
JOHOR BAHRU (Aug 17): Sunway Property will be rolling out the RM374 million Sunway GRID in Sunway Iskandar with a first-of-its customised layout feature.
SGX and SISV set up committee to review valuation practices
SINGAPORE (Aug 18): Singapore Exchange (SGX) and the Singapore Institute of Surveyors and Valuers (SISV) announced on Aug 17 that they are jointly reviewing valuation practices as well as reporting done by real estate valuers that are engaged by listed issuers.
