KUALA LUMPUR, Jan 4 — Ikhmas Jaya Group Bhd’s unit, Ikhmas Jaya Sdn Bhd, has bagged an award worth RM166.4 million from Star Effort Sdn Bhd to develop two blocks of suite service apartments in Kuala Lumpur. In a filing to Bursa Malaysia today, the group said the development of the 375 units would be carried … Read more
The overall 2015 price fall of 3.7 percent is the lowest decline for private home prices for more than two years, revealed PropNex Realty citing latest flash estimates of the Urban Redevelopment Authority (URA) price index. However, this still reflects the current languid market sentiment and the sustained impact of the cooling measures, noted the … Read more
PETALING JAYA: The whopping RM7.41bil price tag for the sale of 1Malaysia Development Bhd’s (1MDB) 60% stake in Bandar Malaysia is considered reasonable, based on the valuation of surrounding plots of land within the vicinity. In a research report, UOB Kay Hian Malaysia Research said the price paid by the purchasing consortium was “fair” given … Read more
SINGAPORE: The property market is poised for further slides this year, with weak economic growth and rising interest rates likely to drag prices south. National Development (MND) Minister Lawrence Wong said recently it was too early to talk about unwinding cooling measures and suggested these steps would dampen demand. As at the third quarter of … Read more
The stunning Cotswolds property created by model and designer Jade Jagger is now on the market for the sum of £1.25million! Complete with chic white walls and white resin floors, this house is perfect for anyone who wants to live and breathe Jade’s effortless style. Built in 2008 as part of a new series of … Read more
KUALA LUMPUR: With the conclusion of its debt rationalisation plan, 1Malaysia Development Bhd (1MDB) can now heave a sigh of relief as it waits for the measures to take effect. With an initial debt amounting to RM42 billion, 1MDB began its six-month debt rationalisation plan in June last year which was expected to conclude by … Read more
JOHOR BAHARU, Jan 3 — The move by the state government to acquire a stake in Bandar Malaysia Sdn Bhd is expected to generate profits that will be used towards enhancing the well-being of the rakyat. Johor Menteri Besar Datuk Seri Mohamed Khaled Nordin said entering the shares acquisition tender as a bidder and subsequently … Read more
Further economic woes in China could help London’s prime property market overcome its Stamp Duty slowdown The Stamp Duty may not saddle London’s luxury market for much longer. CityWire parses the latest research from Savills showing that prime property prices have had a rough year in England’s capital, with homes valued at £5 million … Read more
PETALING JAYA, Jan 1: Tatt Giap Group Bhd has agreed to dispose of a 42,376.3 sq m piece of leasehold industrial land in Prai, Penang, to CSC Steel Sdn Bhd for RM41 million as part of the group’s debt reducing exercise. In a stock exchange filing yesterday, Tatt Giap said it had created legal charges over … Read more
UK is facing a growing shortage of elderly care homes creating significant opportunity for investment and development. Knight Frank’s latest UK Healthcare Report states, the UK’s population of over 65’s is forecast to grow by 10% over the next five years; however the number of new care home registrations is significantly decreasing. Research shows there … Read more
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