EWI president and chief executive officer Datuk Teow Leong Seng: It’s a synergy, Guoco is using us as a platform to go into the UK and Australian property markets. They know we have done very well in [the] UK and Australia. It’s a win-win situation.
Sold for: RM1 million (RM547 psf); Concluded by: Fairuz Azhan (REN 16658) (016-222 2533) of MIP Properties and Casper Yee (REN 13384) (016-259 1812) of HASB Consultants; When: September 2016
Penang Town and Country Planning Department director Datuk Mohd Anuar Maidin said transport hubs along the light-rail transit (LRT) line highlighted in the RM46 billion plan would be included as primary development areas in the PSP2030.
MQREIT said the proposed placement would be allocated to selected investors including Malaysian Resources Corp Bhd (MRCB) and the Employees Provident Fund.
As we move further into the future, we can only expect more astounding inventions to come and end up where no man has gone before.
Banyan Tree Holdings announced that it has entered into a strategic collaboration with hotel giant AccorHotels which is investing S$24 million in the operator of luxury resorts.
Penang Gerakan Youth assistant secretary, Loh Kit Mun said the Penang government had promised to restore and transform the buildings to house traditional trades and the creative industry by year-end.
The negative trend in the property sector continues as the third quarter of 2016 registered a decline of 8.45% and 6.34% drop quarter-on-quarter in volume and value respectively, according to National Property Information Centre (Napic) data for 3Q2016.
This decision followed protests from residents of Taman Weng Lock who were concerned about potential landslides occurring as a result of the project.
Najib: We will be signing the agreement next week, I think. He [Lee] is coming to Kuala Lumpur.
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