Hong Kong’s strict measures to contain its biggest ever Covid outbreak are already being felt in the city’s housing market, which ranks among the most expensive in the world. Sellers are increasingly open to negotiate discounts to get deals done after the most recent curbs on gatherings in private homes, according to the city’s two...
Read moreSunway Property Bhd has launched its first campaign for the year — Warmest as One, with Sunway Property — that include two new projects: Sunway Artessa and Sunway d’hill Residences. In a statement, central region executive director Chong Sau Min said the participating projects for the campaign include Sunway Artessa and Sunway d’hill Residences, with...
Read moreSINGAPORE (Feb 14): Catering to the affluent class, Singapore’s good class bungalows (GCBs) are seeing a surge in demand among new types of buyers – the super wealthy younger generation, according to Bloomberg. Generally, the type of buyers for properties such as this are those coming from conventional business backgrounds such as traders, top lawyers, and doctors....
Read moreKUALA LUMPUR (Feb 14): Cahya Mata Sarawak Bhd (CMS) said its wholly-owned subsidiary, CMS Cement Industries Sdn Bhd, will raise its price of cement by an average of 10% subject to product types and location. The price revision effective Thursday (Feb 17) is due to significant and sustained rising cost of raw and packaging materials...
Read moreKUALA TERENGGANU (Feb 14): The East Coast Rail Link (ECRL), a mega-rail project, which is expected to be completed in December 2026, is currently 27.19% complete. Malaysia Rail Sdn Bhd (MRL) chief executive officer Datuk Seri Darwis Abdul Razak said the project is proceeding smoothly despite a slight delay due to technical problems. “We have...
Read moreKUALA LUMPUR: Tropicana Corp Bhd has entered into a strategic partnership with Powerchina International Group Limited (PowerChina) to kickstart the development of Tropicana Paradise in Genting Highlands. The memorandum of agreement was inked between Tropicana Inspirasi Indah Sdn Bhd and Tropicana Inspirasi Impian Sdn Bhd, wholly-owned subsidiaries of Tropicana, and Powerchina International Group Limited together...
Read moreAbu Dhabi’s largest real estate developer, Aldar Properties PJSC, plans to spend 5 billion dirhams ($1.36 billion) on acquisitions this year to grow its portfolio of revenue-generating properties. The company wants to deploy surplus capital “as quickly as we can,” chief financial officer Greg Fewer told reporters on a call Wednesday, adding that a pipeline...
Read moreFrom the outside, the 12-storey building with 216 housing units and its exterior fading paint colour is like other low-cost housing, but stepping into its lobby, the decoration is like entering a hotel. That is the picture of the Pandan Utama apartment in Ampang, near here, which is beautifully and attractively decorated, including the waiting...
Read moreThere are several things to look out for in the retail sector this year, according to Henry Butcher Malaysia. In the Klang Valley, at least seven new shopping malls and one mall extension are expected to open in 2022, with a total nett floor area of more than 4.7 million square metres. Tang Chee Meng,...
Read moreKUALA LUMPUR (Feb 10): Lendlease, Sydney-based property developer, has acquired a 1.2-acre plot of land in the financial district of the Tun Razak Exchange (TRX) through a 60:40 joint venture with TRX City Sdn Bhd, master developer of TRX. Lendlease managing director and head of Malaysia Stuart Mendel shared that the progress development of TRX...
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