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TSR boosting presence in core markets

TSR boosting presence in core markets

Property and construction group TSR Capital Bhd is beefing up its presence in its core markets and anticipates the business environment to improve in line with improved foreign direct investments (FDIs). Chief financial officer Ng Kim Keong told the New Straits Times that TSR was cautiously optimistic of its outlook this year. He said the...

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Waterfront Village — the pulse of Klang Valley North

Waterfront Village — the pulse of Klang Valley North

The 810-acre township of Gamuda Gardens in Selangor welcomes an exciting new year with the completion of an enchanting lakeside retail village called the Waterfront Village in January. It will serve as the social hub for residents of the mindfully-planned township located in North Sungai Buloh, as well as for the population in the surrounding vicinity of...

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Hyatt Hotels Corp building its presence in Malaysia

Hyatt Hotels Corp building its presence in Malaysia

Hyatt Hotels Corporation, a global hospitality group headquartered in Chicago is making its mark in Malaysia with the opening of at least two new properties here in the next two to three years. The company announced in May 2019 that a Hyatt affiliate entered into a management agreement with a wholly-owned subsidiary of Hap Seng...

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Redas: Increase in private residential prices not reflective of market conditions

Redas: Increase in private residential prices not reflective of market conditions

SINGAPORE (EDGEPROP) – Singapore developers are concerned with the current market situation of “high supply and subdued demand”, says Chia Ngiang Hong, president of the Real Estate Developers Association Singapore (Redas), at the association’s Mid-Autumn Festival Lunch today (Sept 13). While the private residential property market has seen more activity in recent months, Chia highlights...

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Sales of private non-landed housing units to foreigners rise to 6% in 2Q2019: Edmund Tie

Sales of private non-landed housing units to foreigners rise to 6% in 2Q2019: Edmund Tie

SINGAPORE (EDGEPROP) – In 2Q2019, the proportion of sales of private non-landed housing units to Singaporeans (SCs), Singapore permanent residents (SPRs) and foreigners (NPRs) remained steady, according to Edmund Tie’s 2Q2019 Housing Report released on Sept 10. The sales to NPRs, however, rose by one percentage point to 6% in 2Q2019. The proportion of mainland...

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Singapore retail rents remain weak in 1H2019

Singapore retail rents remain weak in 1H2019

Ground floor rents on Orchard Road declined by 1.5% half-on-half (h-o-h) in 1H2019 to $40.60 psf per month, while rents in the Regional Centres remained flat at $33.60 psf per month. Although rental declines have slowed since early 2018, the soft economy could impact the weak consumer sentiment and delay any rental increases, notes Colliers....

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Sales of private new homes up 43.5% m-o-m to 1,178 units in July

Sales of private new homes up 43.5% m-o-m to 1,178 units in July

Private new home sales in July increased by 43.5% m-o-m to 1,178 units in July, according to developers’ monthly sales data by URA. This figure excludes executive condos (ECs). Including ECs, developers sold 1,556 units in July, reflecting an 89.3% m-o-m leap in new home sales. “[July’s new home sales performance], coming on the back...

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Office rents rise 1.3% in 2Q2019, vacancy rate falls to 11.5%

Office rents rise 1.3% in 2Q2019, vacancy rate falls to 11.5%

Prices of office space increased by 0.9% in 2Q2019, compared with the 3% increase in 1Q2019, according to URA data released on July 26. In 2Q2019, URA’s Office Rental Index for the Central Region rose 1.3% quarter-on-quarter (q-o-q), compared to the 0.6% decline in the previous quarter. The Office Rental Index for the Fringe Area...

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Phoenix Rd units sold for $42.6m in second collective sale attempt

Phoenix Rd units sold for $42.6m in second collective sale attempt

A row of apartments and shops in Phoenix Road near Bukit Panjang has been sold en bloc for $42.6 million in the property’s second collective sale attempt. The buyer was CNQC Realty (Treasure), a subsidiary of developer Qingjian Realty (South Pacific) Group, according to marketing agent Colliers International on Monday evening. The sale price is...

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