SYDNEY: Australian pension fund UniSuper said on Wednesday it had bought an undeveloped site next to Sydney’s planned new international airport to develop a logistic hub worth around A$3.9 billion (US$2.5 billion), its second major property deal in three weeks. The purchase, a 50/50 joint venture with unlisted property fund manager ISPT, marks the latest...
Read moreKUALA LUMPUR: Sunway Bhd’s unit and Singapore-based Hoi Hup Pte Ltd, have been awarded a 2-hectare land to develop a 99-year lease term executive condominium housing development worth S$423.38 million in Tengah, Singapore by the Housing and Development Board of Singapore. Sunway’s subsidiary, Sunway Developments Pte Ltd (SDPL) and Hoi Hup jointly tendered for the...
Read moreSINGAPORE (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 moreCenturion has entered into sale and leaseback agreements with Kumpulan Wang Persaraan (Diperbadankan) or KWAP, Malaysia’s public sector pension fund. The agreements involve two of Centurion’s Malaysia assets, Westlite Bukit Minyak and Westlite Tampoi. On Dec 4, Centurion announced that its indirect wholly-owned subsidiaries, Westlite Dormitory (Bukit Minyak) Sdn. Bhd. and Westlite Dormitory (Tampoi) Sdn....
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 moreKUALA LUMPUR (Nov 24): ECM Libra Group Bhd is adding to its hospitality assets by acquiring two leasehold properties in the city centre of Liverpool, UK — the Tune Hotel and a ground floor shop with basement — for £4.5 million or about RM26.48 million. In a bourse filing, ECM Libra said it has, through...
Read morePETALING JAYA: Sunway Bhd’s Singapore subsidiary Sunway Developments Pte Ltd (SDPL) has won the tender for a land parcel at Tengah Plantation Close, Singapore, together with Hoi Hup Realty Pte Ltd, for an executive condominium housing development with a bid of S$348.5 million (RM1.2 billion). The project was awarded by Singapore’s Housing and Development Board...
Read moreSunway Berhad, through its wholly-owned subsidiary Sunway Developments Pte Ltd, with Hoi Hup Realty, has won a competitive bid for an Executive Condominium site at Tengah Plantation Close in Tengah New Town with a bid of SGD 348.5 million (approximately RM 1.2 billion) on September 11. The site is a 99-year leasehold plot of land spanning...
Read moreSINGAPORE (EDGEPROP) – Mitbana – a joint venture between Mitsubishi Corp and Surbana Jurong – together with Indonesian property developer Intiland Development, has launched Green Bestari Park, an integrated township and transit oriented development located in Talaga Bestari in Tangerang, within Indonesia’s Greater Jakarta area. Mitbana holds a 70% stake in Inti Mitbana Development, a...
Read morePETALING JAYA: SkyWorld Development Bhd is seeking to develop a 24-storey residential apartment in Vietnam, marking its first overseas venture, to ride on the urbanisation in Vietnam. Yesterday, the property developer’s wholly-owned subsidiary SkyWorld Development (Vietnam) Co Ltd (SkyWorld Vietnam) proposed to acquire 1.3 acres of land in Ho Chi Minh City for RM67.9mil cash...
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