Property
Over-reliance on China developers
Joseph Wong and Yvonne Yoong | 14 Apr 2017 00:30
CHINA’S move to stabilise its economy by reining in capital outflows has raised much concern among businessmen, especially those linked to property and construction.

The tightening of its monetary policy and international investments has had an impact on mega-projects, such as the RM170 bil Forest City by Country Garden Holdings in Johor – the biggest overseas project by a Chinese property developer in the country.

Most Chinese developers engaged in selling overseas properties are forced to shift their focus from mainland buyers to those from other countries.

In the case of Forest City, over 60% of the project has been sold to buyers and investors in China and Hong Kong.


Snippets
AEON Credit FYE2018: Net profit growth of 13.2%

The Company achieved a net profit of RM300.06 million for FYE2018, representing an increase of 13.2% compared to FYE2017


Regas Premium, the new authorised dealer for BMW

They will be representing, BMW, MINI and BMW Motorrad to continue growing premium automaker’s brand portfolios in Sabah.