LONDON: Prime commercial property in the United States and Asia-Pacific is more attractively priced on a five-year horizon than that in Europe and Britain, a new property index showed on Wednesday.

Kuala Lumpur Kepong - impressive turnaround for retail division

Parkson Holdings

KUALA LUMPUR: Encorp Bhd recorded a profit before tax (PBT) of RM1.28 million for its second quarter (2Q) this year, compared to RM770,000 in the previous quarter.

KUALA LUMPUR: Kumpulan Jetson Bhd’s wholly owned subsidiary Jetson Construction Sdn Bhd (JCSB) and China State Construction Engineering (Hong Kong) Ltd has terminated their joint venture (JV) agreement that was entered in May.

KUALA LUMPUR: The Penang Development Corporation (PDC) hopes to decide on the developer of its proposed high-end integrated Bayan Mutiara development by the second quarter (2Q) of next year, said PDC managing director Wan Zailena Noordin.

KUALA LUMPUR: Forty-eight units out of 240 in a serviced-apartment block within the KL city centre is up for sale en bloc with an indicative selling price of RM32 million.

The block is about 10 to 15 minutes' walk to major shopping centres Pavilion KL and Suria KLCC. It is close to famous eateries and shopping locate Changkat Bukit Bintang, as well as LRT and monorail stations.

PORT DICKSON: Thistle Port Dickson Resort (TPDR), a 251-room five-star resort which opened its doors just over a year ago, is starting its second phase of refurbishments.

TPDR general manager Dean Rossilli said the added investment is expected to further boost the resort as a favourite destination among travellers to Port Dickson.

KUALA LUMPUR: The Cabinet has approved a proposal to streamline guidelines for gated communities and guarded neighbourhoods which have been mushrooming lately, Housing and Local Government Minister Datuk Chor Chee Heung said here.

However, he added, the guidelines would only be implemented after they had been considered by the National Council for Local Government (MNKT).

KUALA LUMPUR: Property developer Mah Sing Group is launching M Club, a loyalty programme to reward its customers for their support in Mah Sing’s brand and products.

Mah Sing group managing director and chief executive Tan Sri Leong Hoy Kum said that M Club is a way of showing the company’s appreciation to its customers.