Overseas Property Investment

The most recent southeast asia property investment news from a variety of international property news sources.

The number of hotels in Southeast Asia aggressively pursuing CSR (Corporate Social Responsibility) programs is continuing to blossom.

PETALING JAYA: Although the supply of hotel rooms in Kuala Lumpur is quite adequate, property consultants say some segments of the market are still underserved. As of 2010, the total supply of 3- to 5- star hotel rooms in Kuala Lumpur stood at 23,972, of which 5-star rooms accounted for 50%. Zerin Properties chief executive [...]

COME July 2011, Malaysia will house Accor’s largest hotel in Southeast Asia by rooms. French hotel operator Accor, which operates brands like Sofitel, Novotel, Mercure and Pullman is opening a 513-room five-star hotel in Bangsar, Kuala Lumpur. General manager Patrick Sibourg said that the hotel, the Pullman Kuala Lumpur Bangsar, will also become the flagship [...]

Medini is a mixed-development comprising three clusters – lifestyle and leisure, cultural and Iskandar financial district in Iskandar Malaysia, Johor. The three clusters are pivotal to the whole development of Nusajaya City. Investors still committed to Iskandar Malaysia despite downturn, says Millennium Development MILLENNIUM Development chairman Oussama Kabbani, whose company is involved in the development [...]

Last month, Prime Minister Datuk Seri Najib Tun Razak told Johor Umno branch leaders not to be emotional or parochial about Singapore investments. For years, there has been this unhappiness about Singapore’s presence in the state, from the day tourists to corporate investors. The fact remains that Johor – and the country – need the [...]

CapitaMalls Asia Ltd, the retail property unit of Southeast Asia’s biggest developer, may seek shopping-center ventures in Vietnam after expanding in markets including China and India. Singapore-based CapitaMalls may collaborate with its parent company CapitaLand Ltd to explore “interesting opportunities” in Vietnam, Chief Executive Officer Lim Beng Chee said. CapitaLand, which is building homes in [...]

RHB Investment Bank Bhd, the appointed price stabiliser for Sunway Real Estate Investment Trust Bhd (Sunway REIT), has been buying the shares over the past 14 days to help stabilise price of Sunway REIT shares. It bought some 30.6 million shares of Sunway REIT in stages over the past two weeks from prices ranging from [...]

Sunway Real Estate Investment Trust (Sunway REIT) fell on its Malaysian market debut after raising about RM1.5 billion in Southeast Asia’s biggest initial public offering this year. Sunway REIT’s units were trading at 89 sen each at 9.14 am local time, below its opening reference price of 90 sen. Meanwhile, Jeffery Cheah, chairman of its [...]

PETALING JAYA: CapitaMalls Asia Ltd, one of Asia’s largest listed shopping mall developers, owners and managers by property value and geographic reach, has launched the prospectus and retail portion of what will be the largest shopping mall REIT (real estate investment trust) in Malaysia to date. Lim Beng Chee … ‘We see acquisition opportunities in [...]

SUNWAY Real Estate Investment Trust, controlled by Malaysian property and hotel group Sunway City Bhd, is selling shares at 90 sen each to institutional investors in an initial public offering, according to four people with knowledge of the matter. The price is at the low end of the 90 sen to 98 sen range marketed [...]