CMMT's 3Q DPU up 2.4% on higher net property income
KUALA LUMPUR (Oct 20): CapitaLand Malaysia Mall Trust (CMMT)’s third quarter ended Sept 30, 2016 (3QFY16) saw its distributable income rise 3.
Golden Shoe Car Park redevelopment could give CapitaLand Commercial Trust a leg up
SINGAPORE (Oct 19): Religare Capital Markets on Wednesday said the proposed redevelopment of Golden Shoe Car Park will be “positive” for CapitaLand Commercial Trust.
UEMS dips 1.68% after ordered to pay added taxes to Inland Revenue
KUALA LUMPUR (Oct 19): Shares in UEM Sunrise Bhd's (UEMS) drop 1.
Second phase of residences at KL Metropolis to be soft-launched in November
KUALA LUMPUR (Oct 18): Naza TTDI Sdn Bhd, the property arm of Naza Corporation Holdings Bhd, is set to soft launch its second phase of residences at its KL Metropolis integrated development located at Jalan Duta near Mont'Kiara, Kuala Lumpur, sometime next month, said Naza TTDI deputy executive chairman and group managing director, SM Faliq SM Nasimuddin.
EDL sale will give MRCB ‘sound footing, financially’
KUALA LUMPUR (Oct 18): Malaysian Resources Corp Bhd (MRCB) will use the proceeds from the disposal of its stake in MRCB Lingkaran Selatan Sdn Bhd, the concession holder of the Eastern Dispersal Link (EDL) Expressway in Johor, to settle debts and fund future property developments.
Can Ascott Residence be the Airbnb of serviced residences?
SINGAPORE (Oct 14): Ascott Residence Trust (ART) could benefit from parent CapitaLand’s recent tie-up with Tujia, dubbed China’s answer to Airbnb, says UOB Kay Hian lead analyst Derek Chang in a Oct 14 report which has a “buy’ on ART with S$1.
UEM Sunrise commences construction of Conservatory
MELBOURNE (Oct 12): Property developer UEM Sunrise Bhd has commenced construction of Conservatory, its second project in Melbourne, Australia, the group announced in a press release today.
EcoWorld to use placement proceeds for EWI subscription
SEMENYIH (Oct 12): Eco World Development Group Bhd (EcoWorld) said it intends to use the proceeds from its latest private placement to partly finance its subscription of Eco World International Bhd (EWI), which is slated for listing.
