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FROM Munich to Frankfurt, and Toronto to Hong Kong, housing bubbles have either grown bigger through the pandemic or refused to deflate. Singapore’s property, though, is in a sweet spot of affordability, making it a likely target of an investment frenzy.
SINGAPORE (The Straits Times/ANN): The family of Singapore's richest billionaire, a co-founder of Sichuan hotpot chain Haidilao, is buying a freehold good class bungalow (GCB) in Gallop Road at the highest price per square foot for the area.
TORONTO: Brookfield Asset Management Inc and a group of investors have offered to acquire the stake in Brookfield Property Partners that they don’t already own, in a US$5.9bil bid to take the real estate company private.
KUALA LUMPUR: JF Apex Research expects Destini Bhd, T7 Global Bhd, Aeon Credit Service (M) Bhd, Top Glove Corp Bhd, Top Glove Corp Bhd, Malaysian Resources Corp Bhd (MRCB) and George Kent (M) Bhd to be among the stocks to watch on Tuesday.
PETALING JAYA: T7 Global Bhd has entered into a contract with Petronas Carigali Sdn Bhd, a wholly-owned subsidiary of Petroliam Nasional Bhd for the provision of leasing, operation and maintenance of its mobile offshore production unit for the Bayan Redevelopment Project Gas Phase 2 (MOPU).
KUALA LUMPUR: T7 Global Bhd’s unit secured a 10-year contract from Petronas Carigali Sdn Bhd to provide a mobile offshore production unit (MOPU) for the Bayan Redevelopment Project Gas Phase 2.
TUMPAT: The Palekbang Bridge and the redevelopment of Kampung Laut projects, by the East Coast Economic Region Development Council (ECERDC), will further boost tourism and socio-economic activities in Kelantan.
THE Department of Statistics Malaysia is expected to release Malaysia external trade indices for November today.
THE 50% discount on development fee offered to developers in Kuala Lumpur is hoped to inject momentum into the construction sector that has been hit by the Covid-19 pandemic.