SUBSCRIBERS
SP Setia cuts sales target to 4-year low of RM3.5b
It's not only hurt by tepid home demand but also by Brexit, given its Battersea Power Station development
Published Wed, Sep 14, 2016 · 09:50 PM
Kuala Lumpur
WITH no signs of a property revival in sight, Malaysian developer SP Setia has revised its sales target to RM3.5 billion (S$1.2 billion), its lowest in four years in what some consider as "the new norm going forward".
Owing to softness in key mar…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
How Hudson Yards went from ghost town to office success story
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Forrest Li’s wife buys Gallop Road bungalow next to the one he has redeveloped
Chinese restaurants spur Hong Kong’s retail property recovery
Asking rents down as demand slows and rental listings surge
Eurozone consumers increasingly struggle to pay for housing