Penang’s premier business and social club opens
Tower Club Penang expects to draw membership from Malaysians.
Tower Club Penang expects to draw membership from Malaysians.
A scheme document containing the final recommendation will be sent to shareholders in due course.
The capital flight to greener pastures abroad from Singapore has slowed to a trickle, amid a turnaround in the property market at home.
Construction and engineering firm Koh Brothers Group, together with another stakeholder, has sold off joint venture Buildhome Pte Ltd for S$41.6 million (RM130.4 million), according to a report by The Business Times.
The consortium said it may acquire another 19.9% stake in WBL at S$2.07 per share at a later date.
Singapore’s industrial property market could bottom out soon as macroeconomic forces gather strength.
From a year ago, resale prices were 2.2% higher, also mainly led by the CCR and RCR.
Six Singapore companies are teaming up to participate in high-speed rail projects starting with the Kuala Lumpur-Singapore high-speed rail.
Plans are afoot for more active and aggressive land-banking at CapitaLand, after the opening of four integrated projects in China in April, including three Raffles City projects.
It becomes the first foreign bank to invest in the development.