Property

South Korea top officials sell apartments amid property price furore

By Reuters | | Property

SEOUL: As Seoul property prices soar, there's a new apartment on sale this month: for the best part of an estimated US$1 mil, you could buy a piece...

Buyers return to Covid-hit UK property market in June, says RICS

By | | Property

BUYERS returned to Britain’s property market last month as it reopened following the coronavirus lockdown but activity remained depressed, a...

End to Australia apartment binge looms over jobs, growth

By Reuters | | Property

THE hit to Australia’s population growth from closing its international borders is quickly turning a long-running housing shortage into a glut,...

Tropicana’s 1Q net profit shrinks 88% to RM5.1 mil

By FocusM | | Mainstream, Property

TROPICANA Corp Bhd recorded an 88.9% year-on-year drop in net profit to RM5.1 mil for the first quarter ended March 31, 2020. This was due to lower...

Will office buildings ever be the same? Empire State offers clues

By Reuters | | Others, Property

NEW YORK: The Empire State Building has been a symbol of America's economic might for almost 90 years. Of late, it's also become a symbol of its...

Tencent's 'smart city' seen as model for post-coronavirus China

By Reuters | | Others, Property

BANGKOK: Chinese tech giant Tencent is creating a “smart city” that utilises technology to put people and the environment first, a model that could...

MQREIT has realised net income of RM19.8 mil for 1Q20

By FocusM | | Mainstream, Property

MRCB-Quill REIT (MQREIT), a listed real estate investment trust, has posted a realised net income of RM19.8 mil for its 1Q20 results, a 2% increase...

KKR-led consortium buys 6% stake in Vietnam's Vinhomes for US$650 mil

By FocusM | | Featured, Others, Property

A consortium led by KKR, a leading global investment firm, has invested US$650 mil (RM2.78 bil) in Vietnam property firm Vinhomes, Vinhomes' parent...

Gap between house prices and income levels needs to be addressed

By Doreenn Leong | | Featured, Property

The Home Ownership Campaign (HOC) 2019 saw some RM23.2 bil worth of houses sold, surpassing the initial target of RM17 bil. Based on such...

UDA-Eco World JV, Mitsui Fudosan strike deal on residential block in BBCC

By Ranjit Singh | | Mainstream, Property

By Ranjit Singh MITSUI Fudosan (Asia) Malaysia Sdn Bhd (MFAM) and BBCC Development Sdn Bhd (BBCCD) have agreed to form a joint venture, MFBBCC...

OYO captures new pockets of demand

By Doreenn Leong | | Featured, Mainstream, Property

The global pandemic and the imposition of the movement control order (MCO) in March had caused the tourism and hospitality sector to come to a...

Dilemma in mixed development schemes

By Chang Kim Loong | | Featured, Property

Recently, on May 22, leave to appeal to the Federal Court was rejected and the Court of Appeal’s decision remains intact which means that a joint...

Will discounts and rebates affect properties’ intrinsic value?

By FocusM | | Property

By Sharina Ahmad In the middle of the Covid-19 crisis, many property developers have been giving steep discounts and various other rebates to...

Banks to take heed of ‘superficial discounts’

By Chang Kim Loong | | Featured, Opinion, Property

This is in response to a report on financing issues in The Star titled “Banks aware of ‘discounts’ given by developers”. The National House Buyers...

City centres to see 'radical' redesign amid coronavirus

By FocusM | | Featured, Lifestyle, Others, Property

BANGKOK: Grammy award-winner Petula Clark famously sang that the "lights are much brighter" downtown, but the coronavirus pandemic may change city...

IOI Properties sees 3Q profit fall, going for mid-priced segment

By FocusM | | Mainstream, Property

KUALA LUMPUR: IOI Properties Group Bhd’s (IOIPG) net profit in the third quarter ended March 31, 2020, fell 63% to RM71.36 mil from RM194.7 mil a...

Mah Sing's 1Q profit falls to RM30.07 mil, focusing on affordable homes

By FocusM | | Mainstream, Property

KUALA LUMPUR: Mah Sing Group Bhd's net profit in the first quarter ended March 31, 2020 fell to RM30.07 mil from RM55.01 mil in the same period...

Sunway Property sold RM200 mil worth of properties during MCO

By FocusM | | Property

Sunway Property saw some RM200 mil worth of its properties being sold from its digital campaign, “Always With You”, in less than a month since the...