KUALA LUMPUR: Ireka Corporation Bhd's wholly-owned unit Ireka Engineering & Construction Sdn Bhd has been awarded a RM109.75 million to build a hotel at KL Sentral.

In a statement last Friday, May 13, Ireka said its unit had received a letter of award from Excellent Bonanza Sdn Bhd for the contract to build the hotel at Lot G of KL Sentral.

KUALA LUMPUR: Global gym operator Fitness First is set to open a new outlet in Setia City Mall, along side other tenants such as Parkson, Golden Screen Cinemas, Urbanfresh, Harvey Norman, Courts and Wangsa Bowl.

KUALA LUMPUR: Desa ParkCity's The Mansions@ParkCity Heights achieved an 86% take-up, representing total sales of RM480 million, during its priority sales launch last Saturday, May 14, said its developer Perdana ParkCity Sdn Bhd's group managing director Lee Liam Chye.

Housing prices in Malaysia, especially in the Klang Valley, have been surging in the past year or so, giving rise to concerns that there could be a property bubble.

Escalating prices in the Klang Valley property market have led to complaints that houses in both the primary and secondary markets are beyond the reach of most people.

The Bukit Bintang area in Kuala Lumpur will be the next hot spot with several factors working in its favour, says cartographer Ho Chin Soon at The Edge Investment Forum on Real Estate 2011.

Shopoffice investors should aim to sell only three years after a handover from a developer to maximise their earnings, says Reapfield Properties Sdn Bhd senior vice-president Gerard Kho.

The government recently proposed new measures to tackle the issue of abandoned housing projects in the country. One proposal is to compel developers to implement the build-then-sell (BTS) concept in property development.

As the speakers at The Edge Investment Forum on Real Estate 2011, themed “Buy, sell or hold?”, were unable to take all the questions from the floor, participants were invited to send in any questions they might have for the respective speakers.

KUALA LUMPUR: Viva Home, the first mall of its kind in the country that pools home furnishing retailers under one roof, expects to see an occupancy rate of 90% when it officially opens next month.