News about US

KUALA LUMPUR (Feb 24): Eastern & Oriental Bhd (E&O)’s net profit multiplied eightfold to RM31.

KUALA LUMPUR (Feb 23): If developers adopt the core housing development concept, house prices could come down by 30% to 40%, said past president of the Real Estate and Housing Developers' Association (Rehda) Datuk Ng Seing Liong.

SINGAPORE (Feb 23): The Ascott Ltd, CapitaLand’s serviced residence business unit, is partnering Singapore Management University to launch a lab to field-test co-living concepts of its newest brand, lyf.

KUALA LUMPUR (Feb 23): A US federal judge has given the green light for the US Department of Justice (DoJ) and New York developer Steven Witkoff’s proposed plan to sell the Park Lane Hotel, The Wall Street Journal (WSJ) reported.

KUALA LUMPUR (Feb 22): Mercury Industries Bhd rose 8.

KUALA LUMPUR (Feb 22): Mercury Industries Bhd’s 70%-owned construction unit Paramount Bounty Sdn Bhd has won a mixed development project worth RM238 million in Gombak, Selangor.

PETALING JAYA (Feb 21): Developers, lenders and fund and real estate investment trust (REIT) managers expect logistics/industrial and healthcare/institutional properties in Malaysia to do well in 2017 despite the challenging operating environment, according to a survey by Knight Frank Malaysia.

KUALA LUMPUR (Feb 21): Melati Ehsan Holdings Bhd will focus on affordable-housing development around the Klang Valley to rely less on its construction segment.

IT is only the second month into 2017, but Perbadanan PR1MA has already announced policy changes and introduced a special financing scheme for its 1Malaysia People’s Housing (PR1MA) programme in order to “enable more people to own a house under the programme,” it had said.

SINGAPORE (Feb 17): Mapletree Investments has acquired Oakwood Worldwide, a US-based provider of housing and serviced apartment solutions, for an undisclosed sum.