City&Country: Promoting healthy and sustainable living
Ho Hon Sang, the newly appointed managing director of property development (Malaysia) at Sunway City Bhd (SunCity), has mixed feelings about his promotion.
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City&Country: Offshore-- FEO rolls out ‘ultra luxury’ brand of residences
Far East Organization (FEO), Singapore’s largest privately held developer, has restarted the marketing and selling of its “ultra-luxury” residential projects under the newly introduced brand name Inessence.
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.
Prinsiptek Corp acquired PST Concrete
KUALA LUMPUR: Prinsiptek Corporation Bhd acquired PST Concrete Sdn Bhd (PSTC) for RM400 on August 5, the Group announced in its filing with Bursa Malaysia on Friday, 6 Aug.
China must replace half its homes in 20 years, says report
BEIJING: China may need to replace more than half of its housing stock in the next 20 years, a researcher at the housing ministry said in remarks published on Friday, Aug 6.
Shanghai house prices fall for second straight month
KUALA LUMPUR: The Shanghai housing index fell for the second consecutive month, dropping 14 points or 0.53% to 2,551 points in July as 90% of areas covered registered a drop in housing prices, reported the Shanghai Daily.
Bolton targets landbank acquisition with potential GDV of RM500 million
KUALA LUMPUR: Bolton aims to acquire a landbank with a potential gross development value (GDV) of RM500 million during FY2010/11, said the Group's
