News by M

JP Morgan reckons that there will be three key implications for Singapore property from Donald Trump’s election as US president.

Epic Residence is a luxury two block, 21-storey serviced apartment project with an estimated gross development value (GDV) of RM180 million.

The Central Boulevard white site is the first sale of land in Singapore’s Marina Bay in nine years.

The Ascent sale will reduce WCT’s net gearing from 81% to 68% on a pro forma basis.

AmFIRST REIT opined that the prevailing slow economy would continue to negatively impact the overall office and retail market as “tenants are not expanding”.

AllianceDBS Research said stock volume traded on Nov 14 was 2.37 million shares compared to the 3-month average volume of 2.82 million shares.

Malaysia Airports Holdings Bhd chairman Tan Sri Wan Abdul Aziz Wan Abdullah said the second phase expansion, which is set to be completed in 2018, would see the mall hosting 190 shops from the 130 at present.

The research house said apart from strong medium-term earnings visibility, it has also laid foundation for the longer term.

The Penang Development Corp has accepted an offer by UDA Holdings Bhd to sell its stake in Tropical Island Resort Sdn Bhd (TIRSB) to Ideal Property Development Sdn Bhd for RM156 million.

Despite the soft property market, OCR Land Holdings Sdn Bhd is eyeing a 100% take-up rate for its serviced residence project The Pano @ Jalan Ipoh by 1Q2017.