Hunza chairman: Penang property market in for another boomThe Penang property market is expected to enter another boom cycle, following signs of a gradual rise in prices due to a limited supply of land in prime areas.Datuk Khor Teng Tong, Hunza Properties Bhd (HPB) group executive chairman, said on Aug 17 that the local property industry is well on the road to recovery as the i

Menara Olympia deal abortedThe proposed disposal of Olympia Industries Bhd’s Menara Olympia to Jelita Timur Sdn Bhd for RM30.2 million has been aborted following the buyer’s withdrawal.In a Bursa Malaysia filing on Aug 27, Olympia Industries said it will refund Jelita Timur the RM3.02 million deposit.Olympia Industries had received a directive from Bursa Malaysia Securities Bhd

Green light for guarded neighbourhoods if 51% of residents approveResident associations may set up guarded neighbourhoods if a minimum of 51% of residents agree, said Housing and Local Government Minister Datuk Chor Chee Heung.

Ivory Properties plans RM368 million condo, shopping complex in PenangIvory Properties Group Bhd has plans to build condominiums and a commercial complex with an estimated gross development value of RM368 million in Tanjong Tokong, Penang.The developer said on Sept 15 that the project followed its proposal to acquire an additional 847,059 shares representing 94.12% of Tanjong T

MRCB-IJM Land merger called offThe proposed merger between Malaysian Resources Corp Bhd (MRCB) and IJM Land Bhd has been scrapped after both parties failed to agree on the terms of the memorandum of understanding which expired on Dec 29.“The memorandum of understanding, in relation to the proposed merger, has lapsed and ceased to have any further effect,” MRCB said on Dec 30.Th

The Klang River, meandering 120km through Selangor and Kuala Lumpur towards the Straits of Malacca, has had its glorious days.

Q&A with Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim

The framework of participation of the three companies chosen by the Selangor government to rehabilitate and develop the Klang River will be determined by the Public Private Partnership Task Force for the project, chaired by Menteri Besar Tan Sri Abdul Khalid Ibrahim.

What makes a successful township/project? Ho Chin Soon, the director of the eponymous Ho Chin Soon Research, puts it down to, among other factors, accessibility and the neighbourhood.

Experience life in the fourth dimension? What on earth, you may ask? Well, that’s the tagline for the Hypercubes Lounge, the second sky lounge at the first fully-furnished designer condo suites in Malaysia — Verve Suites in Mont’Kiara,Kuala Lumpur.