KUALA LUMPUR: Kenanga Research is keeping Pavilion Real Estate Investment Trust (REIT) as its top sector pick on the back of its earnings resilience. "We believe Pavilion REIT’s premium retail assets are less vulnerable to downward pressure on occupancy and rental rates amidst rising headwinds in the retail sector on the back of sustained high inflation that hurts...
Most of the HK star's residential properties are rented out, and it’s why she’s called “The Queen of Collecting Rent”. Looks like three-time Best Actress winner Charmaine Sheh is not just the “Queen of TVB”, but also “Queen of Collecting Rent”. The Hong Kong star has been investing in real estate for around two decades and is said to own more...
KUALA LUMPUR: Apex Equity Holdings Bhd's wholly-owned subsidiary Apex Development Sdn Bhd is disposing of Menara Apex and the 0.4737ha of freehold land it is situated on in Kajang, Selangor, for RM55mil. Apex Equity estimates the proposed sale will generate net proceeds of RM49.95mil and a gain on disposal of RM39mil, after deducting taxes and expenses, it...
KUALA LUMPUR: Sunway Bhd’s property arm, Sunway Property, through its wholly-owned subsidiary, Sunway Rawang City Sdn Bhd (SRCSB) has acquired a 245-acre parcel of prime freehold land at Kuang, Rawang for RM115mil. SRCSB signed a sale and purchase agreement (SPA) on Aug 2, to acquire the Rawang land from Kauthar Equities Sdn Bhd. In a statement, Sunway said...
In one of the latest big-ticket property deals in Singapore, a sea-facing bungalow in the exclusive residential enclave of Sentosa Cove was reportedly bought in recent weeks for more than $39 million by a Chinese national from Fujian Province. Closer to the city, This Week In Asia understands that a 5,070 sq ft luxury penthouse at South Beach...
A property sales company used woman’s bodies as a gimmick to sell real estate, but the promotion has backfired in China.Weibo A real estate developer in central China has been accused of ‘consuming women’ and ‘selling vulgarity’ and halted from making sales after using female models as human brochures with floor plans painted on their backs,...
