ZADC
CapitaLand purchases Asia Square Tower 2
Leading Singapore real estate company, CapitaLand, has agreed to buy Asia Square Tower 2 (AST2) marking the largest office transaction in the entire Asia Pacific region this year. AST2 is part of a world-class commercial development in Singapore’s Marina Bay business and financial district, and CapitaLand’s is reportedly paying... Read more
Affordable housing carnival starts today!
HEAD DOWN TO SHAH ALAM CONVENTION CENTRE FOR GREAT ‘MAPEX 2017’ DEALS THIS WEEKEND The Shah Alam Convention Center (SACC) in Selangor will host the first collaborative property expo between The Real Estate and Housing Developers Association Malaysia (Rehda) and the Ministry of Urban Wellbeing, Housing and Local Government... Read more
Majestic Hotel now property of YTL REIT
The Majestic Hotel in heart of old Kuala Lumpur is an iconic part of the city’s historical landscape. While it may have momentarily lost its lustre in decades past, it has seen a remarkable return to grandeur under the ownership YTL Corp Bhd. Success has also translated into positive... Read more
Shock and Awe over EOT numbers
DESPITE CONTRADICTING BASIC BUYER PROTECTIONS ESTABLISHED BY LAW, 304 EOTs HAVE ALREADY BEEN ISSUED BY Chris Prasad The Extension of Time (or EOT) provision is a highly contentious issue that has already made its way to the courts. EOTs are extensions granted to developers by the Controller of Housing... Read more
Citizenship with every US$1mill property purchase!
This may be a longshot, given the current turbulence in the region, but if you are in the market for a complete change of scenery then Turkey is offering citizenship to foreigners who buy properties that are worth at least US$1 million (RM4.44 million). According to Turkey’s Official Gazette,... Read more
Time is running out for stale malls   
BY Kate May At a seminar in the United States earlier this year entitled “Mall of the future: Catalyst for community regeneration” at the Urban Land Institute, developers and designers laid out compelling visions for transforming decades-old structures into new urban centres. All of them spoke of the urgent... Read more
Liberty Arc in ‘Little Hong Kong’ enjoys good take-up
BY Pavither Sidhu Young professionals and first-time buyers who desire a lavish property and exciting lifestyle options may want to take a look at Liberty Arc, the first phase of the 87-acre metropolitan Ampang Ukay development. The latter is envisioned to be the “Little Hong Kong of KL” offering... Read more
Titijaya Land makes foray into affordable segment
Titijaya Land Bhd is the latest in a cluster of notable developers that are making a move into the affordable housing segment, indicating that the industry is now gradually aligning itself with current market demand. The move by Titijaya Land comes in the form a proposed RM2.4 billion project... Read more
Tabung Haji not selling TRX land
In response to speculation by certain quarters, the Malaysian hajj pilgrims fund board Tabung Haji has indicated that it will not sell the Tun Razak Exchange (TRX) land that it purchased from 1Malaysia Development Bhd (1MDB). A Bernama report quotes Tabung Haji chief executive officer Datuk Johan Abdullah as... Read more
Twinkies owner buys Playboy mansion
  LOS ANGELES  — The 32-year-old billionaire and owner of Twinkies (a popular snack brand) has added the Playboy mansion in Los Angeles to his collection. The long-time home of Playboy founder, Hugh Hefner, was sold to the private equity tycoon, Daren Metropoulos, the principal of Metropoulos & Co.... Read more