News by EDGEPROP.MY

Located along Jalan Bukit Bintang in KL city centre, the hotel first opened in August 1957, shortly before Merdeka, and is described by its operator as Malaysia’s first international-class hotel.

AmFIRST REIT said quarterly revenue was broadly flat at RM27.55 million, down 0.8% from RM27.76 million a year earlier, while earnings per unit rose to 0.96 sen from 0.48 sen.

The property comprises an approximately two-acre industrial site and a semidee factory with a built-up area of 59,828 sq ft. 

The freehold property has a land area of about 21,934 sq ft and an expected built-up area of about 11,860 sq ft upon completion.

Oriental Interest Bhd (OIB) has launched Gardens Idaman, a 616-unit affordable housing development in Rawang, Selangor, with a gross development value (GDV) of RM163.8 million.

US medical-technology company Intuitive (listed on Nasdaq: ISRG) expects spending linked to its planned Penang manufacturing operation to approach US$500 million (about RM2.04 billion) over its first five years of operations, as the robotic-assisted surgery pioneer expands its manufacturing footprint in Asia.

Sarawak Consolidated Industries Bhd (SCIB) said its co-development agreement with Inland World Sdn Bhd (IWSB) for the Dimpoukon Residence high-rise residential development in Penampang, Sabah, became unconditional on Thursday (Aug 13) after all conditions precedent were fulfilled on the same date.

Hextar Global Bhd (KL:HEXTAR) is proposing to enter the property development business through a joint venture (JV) with a unit of Perbadanan Kemajuan Negeri Selangor (PKNS) to develop a mixed-use township on about 240.39 acres in Siera Alam, Shah Alam.

DPS Resources Bhd has signed a memorandum of understanding (MoU) with a unit of China Energy International Group Co Ltd to explore data centres and supporting energy and water infrastructure projects in Melaka.

The High Court has ruled that a utility room and 115 parking bays at First Residence condominium in Kepong are not common property, reinforcing that ownership in strata developments is determined by the approved strata documents rather than how the facilities are used or perceived by residents.