Real Estate News and Property Market & Housing Sector Updates
Iconic Worldwide targets doubling revenue to RM150 million by FY2027
Strong performance in the property, manufacturing and hospitality segments has put Iconic Worldwide Bhd on track to nearly double its revenue over the next two financial years. The target follows ...
Kuala Lumpur city centre assets draw renewed buyer interest as Menara Haw Par changes hands
Investor interest in properties in central Kuala Lumpur continues to rise as office assets and freehold land in the Golden Triangle once again attract buyers. The RM132 million sale of Menara Haw ...
Core Club founders fight Reinvest over Milan site as legal and funding pressures mount
An exclusive New York members' club is trying to recover control of its unopened Milan location after a costly redevelopment and a debt restructuring left the project in dispute. The conflict adds ...
Magma Kiara seals hotel interiors collaboration for RM850 million Wolo Mont Kiara project
The Wolo Hotel & Residences mixed-use development in Mont Kiara is underway, with completion targeted for the fourth quarter of 2030. The 60-storey project comprises private residences, serviced ...
Marriott opens Cape Town Edition as Africa debut for luxury hotel brand
Cape Town’s V&A Waterfront adds a new luxury hotel as Marriott International brings its Edition brand to Africa for the first time. The 142-room property strengthens the city’s high-end ...
Australian banks loosen mortgage rules as housing downturn intensifies competition
Australia's lenders are easing mortgage requirements and adding customer perks as they compete for a shrinking pool of home loan borrowers during a steep housing slump. The push includes reduced ...
KBRA assigns ratings to Merrion Square Residential RMBS notes backed by Irish mortgages
Ireland's residential mortgage-backed securities market is seeing a new refinancing transaction tied to reperforming home loans and legacy assets. The deal covers a €623.3 million portfolio of ...
U.S. data-center buildout strains supply of largest warehouses
Rising demand for artificial intelligence infrastructure is tightening a niche segment of the U.S. industrial property market. Developers now face a reduced pool of million-square-foot warehouses ...
Oxford Street revamp highlights retail upside for London and wider UK policy options
London’s plan to pedestrianise Oxford Street is expected to lift retail sales, rents and nearby commercial development as the West End seeks to draw more visitors and spending. The projected ...
Italpinas explores rooftop solar tie-up for property projects in the Philippines
As Italpinas Development Corp. expands its housing portfolio, the listed developer is assessing ways to integrate renewable energy into its projects. The company says a new memorandum with ...
Filinvest Land to dissolve BVI unit as it streamlines corporate structure
Filinvest Land, Inc. is moving to dissolve an inactive British Virgin Islands subsidiary on Nov. 1 as part of a broader effort to simplify its corporate structure. The planned removal of Property ...
Pueblo de Oro expands Batangas housing project with Malvar phase 3 launch
Residential demand in southern Luzon is driving another expansion of Pueblo de Oro Development Corp.'s township project in Malvar, Batangas. The new phase adds 192 house-and-lot units to the ...
YNH Property settles tax liabilities, subsidiary winding-up petition withdrawn
The tax issue looming over YNH Property Bhd’s wholly owned subsidiary has now eased after the group reached a settlement with the Inland Revenue Board (LHDN). The move removes the risk of ...
Luxury home buyers should watch five investment red flags
Luxury home purchases can conceal costly risks behind polished finishes and premium asking prices. An agent working with upscale buyers says renovation quality, location, time on market, hidden ...
U.S. remodeling market signals subdued spending growth through 2027
High borrowing costs and weak housing activity are leaving the U.S. home remodeling market caught between fewer move-driven projects and owners choosing to renovate instead of sell. Forecasts now ...
The Enforcement Directorate files a prosecution complaint in a disproportionate assets case linked to Western Railway
Action against Prashant Baldevbhai Rabari, associated with Western Railway, is moving forward in a case under the Prevention of Money Laundering Act in Ahmedabad. The investigation alleges that ...
CPE Technology buys RM14.5 million Johor factory to boost production capacity
CPE Technology Bhd is accelerating its operational expansion in Ulu Tiram, Johor, with plans to acquire a new factory property worth RM14.5 million. The transaction marks the company’s second ...
ICRA reaffirms Ashwini Infradevelopments’ rating
Ashwini Infradevelopments Private Limited’s operating and financial performance has remained stable amid market challenges. This stability reflects the company’s revenue streams and debt ...
High Court rejects Mulia International's bid to stay Exchange 106 ownership suit
The dispute over ownership of the Exchange 106 tower at Tun Razak Exchange continues to make its way through the Malaysian courts after Mulia International Limited failed in its bid to halt local ...
AHS Properties plans Dubai office tower conversion on Sheikh Zayed Road
Office development activity in Dubai is testing investor appetite as regional conflict adds uncertainty to commercial real estate demand. Abbas Sajwani says AHS Properties is moving ahead with a ...
Shah Alam files fraud charge over RM1.65 million durian orchard deal
A commercial crime case involving high-value agricultural assets has entered the court stage, with a businessman in Shah Alam charged in connection with a durian orchard purchase in Raub. The ...
