Malaysia Developers

S P Setia to tackle Singapore property market

Malaysia’s leading property developer S P Setia Bhd Group is planning to enter the Singapore property market this year, said Liew Kee Sin, Chief Executive Officer of SP Setia. “Singapore is a good market to enter but we will do it step by step,” said Mr. Liew at the Invest Malaysia 2011 event. For a start, S P Setia plans to develop condominium projects in the country and in addition to cross...

UOA sets up Singapore office

New sales gallery and service centre to target S'porean, foreign buyers MALAYSIAN developer UOA Group has set up an office at Suntec City as it looks to grow the number of Singaporeans and other foreigners who buy its high-end commercial and residential projects. 'It is a common worry for buyers of properties overseas that there will be poor after-sale services for leasing, sales, repairs and payments,...

New owner for two local malls?

YTL CORP, Malaysia's biggest builder, will spend $285 million for control of Macquarie Prime Real Estate Investment Trust (Reit), owner of stakes in two Singapore malls - Wisma Atria and Ngee Ann City. YTL, which is based in Kuala Lumpur, will buy 26 per cent of Macquarie Prime at 82 cents each from Macquarie Bank, it said yesterday in a statement. The company will also acquire 50 per cent of Prime Reit...

YTL Corp to buy stakes in MP REIT, Prime REIT Management

Malaysia's infrastructure developer YTL Corp is buying a 26 per cent stake in Singapore's Macquarie Prime REIT (MP REIT). It will also buy a 50 per cent stake in Prime REIT Management Holdings from Macquarie Bank. Prime REIT Management is the manager of Macquarie Prime REIT. The deals are worth a total of S$285 million. Under the agreement, YTL will buy over 247 million units of MP REIT at 82 cents...

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