News about US

KUALA LUMPUR, (Oct 1): Selangor Properties Bhd rose as much as 8% in the morning trades today on the back of news that it had completed the disposal of a plot of land for RM450 million cash.

The Klang Valley residential market continued to slump for the second quarter of 2015 (2Q2015) in the aftermath of the implementation of the Goods and Services Tax (GST) in April, coupled with the weakening of the ringgit, which have tightened domestic spending.

The Penang government today launched the ‘Talents and Skill’ category for workers looking to buy affordable homes in the state.

KUALA LUMPUR (Sept 29): Revitalising the older parts of the city that are no longer economically viable is the only way to accommodate the continual growth of the city, said the deputy Federal Territories minister Datuk Loga Bala Mohan at the opening ceremony of the 7th International Conference on World Class Sustainable Cities (WCSC) 2015 today.

SINGAPORE (Sept 29): Singapore’s Croesus Retail Trust is acquiring Torius Property, a retail property located in Fukuoka, Japan, for a purchase consideration of JPY8 billion (RM297 million), through debt and equity financing.

KUALA LUMPUR (Sept 25): Housing affordability has been a thorny issue for the government, and the problem becomes even more prominent after the property boom in recent years.

VIEW VIDEO PETALING JAYA (Sept 22): Industry players foresee a future increase in property prices as incoming supply falls, making it a good time to buy property.

UEM Sunrise Bhd (Sept 21, RM1.

Pavilion Real Estate Investment Trust (Sept 18, RM1.

KUALA LUMPUR (Sept 17): UEM Sunrise Bhd (UEMS) and its major shareholder UEM Group Bhd (UEMG) have mutually agreed to terminate a previous share subscription agreement and replace it with a subscription agreement for the proposed issuance of up to 793 million new UEMS redeemable convertible preference shares (UEMS-RCPS), in light of recent movements in the market price of UEMS shares.