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City&Country: Klang housing outshines industrial properties

The Klang residential property market has been quite active in recent years, outshining the industrial segment that has been historically the area’s strongest sector due to the nearby port activities, says Phua Chee Kok, head o

Nu Sentral Mall expected to generate some RM70 million a year

KUALA LUMPUR: Nu Sentral, the upcoming retail mall at transit hub Kuala Lumpur Sentral is expected to generate around RM70 million to RM80 million a year in leasing, said Malaysian Resources Corporation Bhd (MRCB) chief executive officer (CEO) Mohamed Razeek Hussain.

GuocoLand acquires units in Tower REIT for RM5.1m

KUALA LUMPUR: GuocoLand (Malaysia) Bhd acquired 4.55 million units in Tower REIT for RM5.102 million, the Group announced on Bursa Malaysia on Friday, Aug 6.

The acquisition represents 1.62% of the total issued units in the REIT.

“The acquisition will enable the Group to enhance its investment in Tower REIT,” the Group said.

Harn Len Corp buys shophouses in Johor for RM2 million

KUALA LUMPUR: Harn Len Corporation Bhd paid RM2 million for five shophouses in Johor from Nusantara Bakti, a related party, the Group announced on Bursa Malaysia on Friday, Aug 6.

The five units are located along Jalan Ngee Heng within the Central Business District of Johor Bahru City Centre.

Raja Nong Chik: Jalan Travers flyover smooths traffic

KUALA LUMPUR: The recent opening of the newly completed Jalan Bangsar/Jalan Travers flyover near Brickfields, Kuala Lumpur has improved traffic flow along Jalan Travers, said Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja Zainal Abidin.