Archive for the 'Real Estate News' Category
SP Setia’s CEO Awarded The New Property Man of the Year
0 CommentsSP Setia Bhd Group chief executive officer Tan Sri Liew Kee Sin was named the new Property Man of the Year in the 15th FIABCI Malaysia Property Award held at One World Hotel yesterday.
The event was graced by the Sultan of Selangor, Sultan Sharafuddin Idris Shah.
A total of nine awards were given out at […]
Malaysia Property Awards, FIABCI
1 CommentAccording to FIABCI-Malaysia honorary treasurer Yeow Thit Sang, as a result of more buildings around, this year’s contest has a whopping 45 entries compared with last year’s 39 and 30-odd in 2004.
Introduction:
This FIABCI Property Awards was initiated 15 years ago during the Asian financial crisis and the property development sector was in a “down cycle”.
An […]
Chinese Estates to sell RM4.7b assets to Chi Cheung
0 CommentsChinese Estates Holdings Ltd said it would sell eight commercial and residential property interests in China and Macau to Chi Cheung Investment Co Ltd for HK$10.45 billion (RM4.7 billion).
The property group said in a statement late on Tuesday the price tag was based on the first valuation of the Macau property.
Chinese Estates also […]
Macquarie makes RM4.6b bid for Singapore land site
0 CommentsMacquarie Global Property Advisors, a real estate investment firm partly owned by Australia’s Macquarie Bank, said late on Sept 19 it had submitted the top bid of S$2.02 billion (RM4.61 billion) for a one-hectare plot of land in downtown
Singapore. The firm’s bid in the government land sale topped a rival offer from a consortium […]
Comparison On Asian Commercial Property Yield
0 Comments
Based on Hwang DBS Vicker Research:
Rental Rate (USD/psf)
Commercial Price (USD/psf)
Manila
1.10
120.0
Kuala Lumpur
1.10
170.0
Bangkok
1.20
200.0
Sydney
3.60
720.0
Hong Kong
8.20
1,700.0
Singapore
4.50
1,300.0
Tokyo
6.30
2,000.0
