F&N gets boost from buy calls
SHARES of Fraser & Neave have received a boost after two ‘buy’ recommendations from Kim Eng Research and DBS Vickers. Its shares surged 18 cents or 3.8 per cent on Friday to close at $4.87. Kim Eng initiated coverage of F&N with a $6 target price in a report on Thursday, saying: ‘The market is … Read more
Malaysia’s UEM Land, S’pore firms in talks
Malaysian state property developer UEM Land is in talks with Singapore real estate firms about joint projects in a US$105 billion industrial and tourism zone in Malaysia’s south. Malaysia unveiled a blueprint in 2006 to transform the southern tip of Johor state into a regional economic zone for industry, logistics, trade and leisure. ‘We are … Read more
Malaysia’s IDR attracts major Middle East, Singapore investors
Singapore investors have been snapping up the properties within the Iskandar Development Region (IDR) in the Malaysian state of Johor, according to Malaysian property firm UEM Land. UEM said Singapore investors have so far accounted for 95% of the industrial properties sold on the 24,000-acre plot of land in Nusajaya. The developer said the majority … Read more
Stronger Sing$ may weigh down interest rates
Inflows may increase, but stronger currency could hurt exports – SIOW LI SEN Amid the clouds of uncertainty hanging over some sectors, there is good news for home loan borrowers. Interest rates are poised to fall to levels last seen in 2003 following the move to let the Singapore dollar appreciate strongly in an effort … Read more
Katana II: Katana launching second KL project
Katana II tagged at RM1,600-1,900 psf, double price of first project in 2005 BOUTIQUE firm Katana Developments, which is linked to Oriental Holdings chairman Loh Cheng Yean, will launch its second residential project in Kuala Lumpur at RM1,600-1,900 (S$687-815) per square foot. This represents an increase of about 100 per cent over its first KL … Read more
The view from Kuala Lumpur
PAULINE NG looks at real estate developments in the vicinity of the iconic Petronas Twin Towers LIKE a beacon, the gleaming twin iconic towers beckon to the hordes of tourists that flock there daily for a snapshot of what many consider to be the symbol of Malaysia. But tourists are not the only ones wanting … Read more
MPCB to build hub for trade in IDR
PROPERTY developer Malaysia Pacific Corporation Berhad (MPCB) is planning a giant retail and wholesale trading hub as part of its flagship development LakeHill Resort City in Johor’s Iskandar Development Region (IDR). IDR is a special economic zone aimed at garnering both domestic and foreign investment. Bill Ch’ng, CEO of MPCB, told BT last week that … Read more
This year’s hot real estate destinations in India
For investment, emerging localities are preferable to established and often saturated ones any time – ANUJ PURI IN Indian real estate today, the only constant is change. Hot destinations of the last year are not assuredly the best options this year, and the next year brings its unique set of emerging investment destinations with it. … Read more
Betting on retail assets
Asia’s retail and hospitality sectors are expected to benefit from strong growth in intra-regional travel, reports UMA SHANKARI DEVELOPERS are investing in the retail and hospitality sectors in Singapore and the rest of Asia in a big way, banking on an expected surge in retail spending and tourism. Consumer spending in the region is supported … Read more
Recycling in construction sites
MATTHEW PHAN looks at what the building industry is doing to conserve water, energy and other resources THE property market may have slowed, but the construction industry is still going at breakneck pace, with several national projects and plenty of private sector developments in the pipeline. This is good for the economy, but perhaps less … Read more
