News by theedgemalaysia.com

Exsim Hospitality Bhd (KL:EXSIMHB), formerly known as Pan Malaysia Holdings Bhd, has secured a RM13 million contract for interior design works at the D’Velada serviced apartment development in Bukit Jalil.

YTL Foundation, the charitable arm of YTL Group, and non-governmental organisation (NGO) and not-for-profit grassroots community organisation Yellow House Kuala Lumpur have officially unveiled their newly rejuvenated premises at Kampung Ampang Campuran, Ampang, Selangor.

Hybrid workspace provider International Workplace Group (IWG) is opening two new Regus offices in Malaysia — Regus Menara Public Gold in Kuala Lumpur in June and Regus Troika Kota Bharu in Kelantan in July. Regus Troika Kota Bharu is the group’s first east coast location.

Capri by Fraser, Penang, had its topping-out ceremony on Jan 20, marking the structural completion of the 248-unit hotel on Magazine Road in George Town.

The long-standing Semantan Estate (1952) Sdn Bhd dispute with the government could bring into question the issue of the rule of law in the country, as what the company and its liquidators possess is a judicial order by the High Court, and affirmed by the Federal Court, that leaves no doubt that the taking and occupation of the 263.272-acre prime Kuala Lumpur land known as the ‘Duta enclave’ is unlawful, but the matter had yet to be rectified, said the lawyers for the company.

The Federal Territory Land Registrar and the government told the Court of Appeal on Thursday that Semantan Estate (1952) Sdn Bhd is not entitled to the recovery of the 263.272 acres of prime Kuala Lumpur land known as the "Duta enclave", but it is entitled to receive compensation.

The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) projects property prices to grow by 2% to 5% this year, driven by strong domestic housing demand and higher construction costs.

Hektar Real Estate Investment Trust (KL:HEKTAR) is acquiring a light industrial asset in the Bayan Lepas Free Industrial Zone, Penang, for RM30 million from Microlead Precision Technology Sdn Bhd (MPT), a wholly owned subsidiary of MQ Technology Bhd (KL:MQTECH).

The final cost of the Penang Light Rail Transit (LRT) project has yet to be determined, as it depends on the ongoing procurement process and tender results for civil works and turnkey systems, said Transport Minister Anthony Loke Siew Fook.

Bandar Malaysia Sdn Bhd, the state-owned developer of the eponymous project, has been accused of breaching its agreement after scrapping a deal to develop Escape theme park.