ISLAMIC lender Asian Finance Bank will set up aviation and property funds with more than RM1.5 billion, aiming to capitalise on demand for alternative assets amid the global financial crisis.
As financial markets skid under growing fears of a global recession, some Islamic banks are ploughing on with expansion and fund-raising plans, reflecting a belief that [...]
JOHOR BARU: KSL Holdings Bhd is targeting the foreign market for its latest project, D’Esplanade Residence @ KSL City.
Executive director Ku Hwa Seng said for a start it would appoint an international property agent based in Singapore to attract residents and expatriates in the republic.
“We are also targeting Malaysian professionals working and residing in Singapore,” [...]
MALAYSIAN builders face a record 20 per cent increase in costs this year, which may prompt some of them to scrap projects, the nation’s largest surveyor said.
Average building costs rose 11 per cent in the first six months, with steel making up bulk of the increase, Loo Ming Chee, director of Davis Langdon & Seah [...]
Asia property investment up 27% in 2007
SINGAPORE: Property investment in Asia reached a record $121 billion in 2007, according to consultants Jones Lang LaSalle, up 27 percent from the previous year.
And while the credit crunch took its toll in Europe and North America in the second half of the year, pushing down global transaction value [...]
IOI Corp Bhd, Malaysia’s second most valuable firm, may take its property arm private, make fresh purchases or give its convertible bondholders treasury shares, three foreign investment firms speculate.
Credit Suisse said in a report that there was a high chance of IOI Corp privatising IOI Properties Bhd (IOI Prop) if the latter’s rights issue was [...]
KUALA LUMPUR: While rent control has been removed in most of Eastern and Central Europe, with Asian countries like China, Japan, Malaysia and Singapore following suit since the early 2000s, the regime has made a surprising comeback in one group of high-growth, dynamic economies — the Gulf.
In December last year, the Dubai government toughened up [...]