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(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 moreSYDNEY: Australian real estate firm Dexus said on Friday it had sold an office building in downtown Sydney, with the buyer receiving a 16 per cent discount on a 2022 valuation as higher interest rates and home working crunch prices for office space. Reuters reported on Wednesday that the company, one of Australia’s largest landlords,...
Read moreBEIJING- China’s housing ministry has announced plans to make it easier for people to buy property. The news, out late Thursday, indicates how different levels of government are starting to act just days after Beijing signaled a shift away from its crackdown on real estate speculation. The planned measures include easing purchase restrictions for people...
Read moreGamuda Berhad has announced that its property arm, Gamuda Land is to acquire 100% equity interest in Tam Luc Real Estate Corporation for RM1.47 billion which solely owns a Vietnam project that is a shovel-ready mixed-use high-rise project site with all requisite planning approvals obtained that is ready for immediate development. The Project Land is...
Read moreSINGAPORE (EDGEPROP) – Construction at The Linq @ Beauty World has reached the 16th floor, says Andrew Tan, CEO of Singapore-listed construction and engineering firm BBR Holdings. The firm is the developer of the 20-storey The Linq, a freehold, mixed-use development with 120 residential units sitting on top of a two-storey retail podium. BBR Holdings is aiming...
Read moreSINGAPORE (EDGEPROP) – In 10 years, cities in the US are likely to have the highest future office availability compared to their counterparts in the Asia Pacific region, where excess office supply is on track to be the lowest worldwide. This was the broad trend outlined in the Savills Future Office Availability Index. The index...
Read moreHome 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“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 moreSARAVANAN, 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...
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