UOA, CapitaLand ink JV for US$247m property project in Vietnam

SINGAPORE (Dec 11): Malaysia-headquartered property company United Overseas Australia (UOA) said on Monday its Vietnamese unit had inked a joint-venture (JV) agreement with CapitaLand (Vietnam) Holdings for a US$247.1 million (RM1.16 billion) property project. Under the deal, UOA Vietnam BDC will hold a 30% stake in the JV entity, with CapitaLand (Vietnam) holding the remaining 70%,...

Read more

China’s property lifeline exposes banks to big losses, job cuts

(Nov 28): China’s escalating push to have its banking behemoths backstop struggling property firms is adding to a maelstrom of woes for the US$57 trillion (RM266.33 trillion) sector. Already stung by soaring bad loans and record low net interest margins, lenders such as Industrial and Commercial Bank of China Ltd (ICBC) may soon be asked...

Read more

Buying a house is mission impossible for many Americans

Home for sale. To become the proud owner, simply make a quick offer, and outbid all interested buyers by US$100,000. In the red-hot US housing market, homebuyers are facing sticker-shock as prices have soared, and now they also have been hit with a surge in borrowing rates. “I’ve visited approximately 150 houses since 2019,” frustrated...

Read more

The time to invest is now

“BE fearful when others are greedy and greedy when others are fearful,” is a famous quote by billionaire investor Warren Buffett (pic) made more than three decades ago. This quote is relevant now. Some investors fear the impact of the 40-year record high inflation which is driving up prices of goods and services, and in...

Read more

Inflationary consequences

  SARAVANAN, a minimum wage worker, complains about how he has to pay almost RM10 more for five kg of cooking oil in a span of just two years. “The price of vegetables, poultry products and processed items have all increased significantly. The only thing that doesn’t increase as much is my salary. “I’m not...

Read more
You have already added 0 property


Forgot Password?