News Feed
TG Development’s The Peak@ Cairnhill II over 50% sold during its launch
SINGAPORE: TG Development Pte Ltd has sold 34 out of 60 units at The Peak@Cairnhill II during its launch in January 2017. This bring its total take-up rate to date to more than 55 per cent. The units were sold on an average price of S$2,700 per sq ft.“The luxury marketing is indeed showing signs...
Tighter regulations challenged Singapore’s property market in 2016
SINGAPORE: Singapore’s property market had faced a challenging year in 2016 due to a number of government cooling measures such as the Additional Buyers’ Stamp Duty (ABSD), Sellers’ Stamp Duty (SSD) and Total Debt Service Ratio (TDSR).According to statement, these measures had resulted in a...
Rehda Institute holds economic outlook conference on Feb 28
PETALING JAYA: To access the factors that influence of Malaysia’s major business sectors, REHDA INSTITUTE will be holding “Economic and Business Outlook Conference 2017” on Feb 28, Tuesday.Held at Wisma Rehda, Kelana Jaya, the conference will invite prominent figures in banking,...
SP Setia held nationwide CNY celebration
PETALING JAYA: S P Setia celebrated Chinese New Year with the public by holding a series of open house activities at its projects.According to statement, the open house activities were held at Setia Eco Glades Lifestyle Gallery, KL Eco City, Setia Alam Welcome Centre, Setia EcoHill Welcome Centre...
I-Bhd earnings soar, more properties planned in i-City
PETALING JAYA: Property developer I-Bhd posted a 54.88% jump in net profit for the financial year ended Dec 31, 2016 to RM66.6mil compared with the same period a year ago on higher sales.Revenue for the year under review rose 49% to RM383.6mil compared with the same period last year.For the fourth...
Kenanga: Management team, healthy margins set to take Sunsuria higher
According to Kenanga Research in a note yesterday, the Kuala Lumpur-based developer’s flagship development, Sunsuria City, enjoys such catalysts as the upcoming Express Rail Line (ERL) station and Xiamen UniversityPETALING JAYA : Sunsuria Bhd stands a good chance of achieving strong growth in the...
Bridging homes and public transport
KL River City.Ekovest expands its highway network, incorporating developments that are purpose built to merge with public transportation.By VIKNESH ASHLEY vikneshashley@thestar.com.myEKOVEST Bhd is one of the more unique property cum construction companies in Malaysia, striving to build bridges...
I-Bhd to ride on urbanisation of outer Klang Valley
BY P. ARUNAPETALING JAYA: Property developer I-Bhd is in prime position to profit from the urbanisation of the outer Klang Valley region despite challenges in the property market, said PublicInvest Research.The research house reaffirmed its “outperform” call on the counter with an unchanged...
Penang developers can now use corporate guarantees
BY DAVID TANCNY gathering: (from left) Toh, Eco World general manager Khoo Teck Chong, Aspen Group executive director Woo Kok Weng and Penang Island City Council secretary Yew Tung Seang having a discussion at the Chinese New Year dinner gathering.GEORGE TOWN : Developers in the state can now...
Property market to remain subdued up to 18 months
BY THEAN LEE CHENGKUALA LUMPUR: The property market is expected to remain subdued for 12 to 18 months and this year will be a buyers' market during a period of price consolidation.According to Rahim & Co.'s overall property review and 2017 market outlook released on Thursday, affordable housing...