News about international

KUALA LUMPUR (June 28): The initial public offering (IPO) for Eco World International Bhd (EWI) has been set back by the approval process for the entry of a strategic partner, and is now expected to take place in September or October.

PETALING JAYA (June 24): Eco World International Bhd (EWI) sees a “silver lining” for savvy investors in the UK referendum’s surprising “Leave” outcome, as it marks the end of protracted uncertainty while the consequent weakening of the pound sterling will encourage foreign investment in the property market.

THE Penang housing market moved sideways on both the primary and secondary markets in the first quarter of the year, says Michael Geh (pictured), director at Raine & Horne International Zaki + Partners.

KUALA LUMPUR (June 15): The expected higher taxes for foreign buyers of residential properties in the Australian state of New South Wales (NSW) are not expected to have much effect on Malaysian developers there, say analysts.

KUALA LUMPUR (June 10): Magna Prima Bhd’s wholly-owned unit Magna City Shah Alam Sdn Bhd (MCSASB) plans to buy a piece of leasehold land measuring 5.

•    Today, we look at price growth and indicative rental yields for non-landed homes in Bukit Jalil, Kuala Lumpur.

PETALING JAYA (May 31): Sunway Property’s Sunway Mont Residences in Mont’Kiara, which was launched over the weekend, has recorded a successful take-up rate of 80%, Sunway Bhd’s executive director of central region, property development division, Ang Kee Ping told TheEdgeProperty.

THE impact of the Johor government’s move to freeze new applications for non-landed developments continued to be felt in 1Q2016, says KGV International Property Consultants (Johor) Sdn Bhd executive director Samuel Tan.

Al-Salam Real Estate Investment Trust (May 23, 97.

SINGAPORE (May 17): GuocoLand is said to be in talks to buy a stake in the overseas unit of a Malaysian developer that is expected to go public later this year, according to Dow Jones reports.