CEO, Liew Mun Leong of  CapitaLand,Southeast Asia‘s largest property developer CapitaLand announced that the company is to:- deploy S$1 billion of S$1.8 billion (S$1 = RM2.44) in capital raised from a recent rights issue to its businesses in China, Vietnam and the Ascott Group. S$500 million of the S$1 billion will go to its China [...]

Dubai-based hospitality group Almulla has launched the world’s first syariah-compliant hotel brand portfolio to cater to demand from Muslim and non-Muslim travellers. Almulla Hospitality chairman Abdulla M. Almulla in its initial launch said that:- The hotel group plans to have 30 properties under three core brand names – Cliftonwood, Adham and Wings – by the [...]

Chinese 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 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 [...]

              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