Airbnb has welcomed the Penang state government's recent decision to regulate short-term rental accommodation (STRA), instead of banning it altogether.

Noteworthy:

• Leasehold

• Built-up: 14,177 sq ft

• Fully furnished

• Amenities: Mid Valley Megamall, The Gardens, medical centres, clinics, hotels and schools

• Accessibility: Federal Highway, New Pantai Expressway (NPE), Jalan Bangsar and Jalan Maarof, as well as public transports including Abdullah Hukum LRT and Mid Valley KTM stations

When: March 2022

In a bourse filing, Pensonic said its wholly-owned Pensia Electronic Sdn Bhd (PESB) has inked a sale and purchase agreement (SPA) with HZGP on Monday (May 9) to dispose of the plot, which measures 1.2ha, together with the structures on it, comprising an office block and two two-storey warehouses, a guard house and ancillary buildings.

In a bourse filing, ES Ceramic said the acquisition will be satisfied via a combination of RM65 million cash and the remaining RM18 million will be paid in the form of new ES Ceramic shares, at an issue price of 32 sen per share.

Maybank IB analyst Yin Shao Yang said in a note that he understands that business at RWG has slowed from March due to the Omicron wave, and RWG has reopened only half of its about 10,000 rooms despite being allowed to reopen all from April 1.

The deal, totalling RM136 million, will finance the Phase 1 of the J. Satine development in Setapak, Kuala Lumpur, which comprises 2,068 units of affordable residential apartments under the Residensi Wilayah Keluarga Malaysia programme.

The aurora borealis, also known as the elusive northern lights, is a dazzling natural display of colourful light waves that have drawn skywatchers to Earth’s northern and southern poles. 

In a statement on Friday (April 29), the property developer said it aims to become a stronger proponent of workplace safety and health in the property development industry in Malaysia.

Occupying a 5.28-acre freehold parcel, Jernih Residence will offer 1,605 serviced apartment units in two blocks and 41 retail units on Levels 1 and 2. The residential units will come in four sizes — ranging from 550 to 850 sq ft — and are priced from RM270,000, or an average of RM500 psf. Most units, except some 850 sq ft units, will have one parking bay each.

Transport Minister Datuk Seri Dr Wee Ka Siong said the project would also help reduce the travelling time between the east and west coasts of the peninsula, from more than seven hours to around four hours.