News about air

Rented for: RM58,000 a month (average RM2 psf) Concluded by: Roy Lim (REN 08368) of Khoo Associates Realty (012-431 1122) When: Sept 28, 2016 Noteworthy: ● Leasehold ● Located in Bayan Lepas Free Industrial Zone Phase 1 ● Built-up size:  50,000 sq ft of which 29,000 sq ft was rented ● Located about 4km away from Penang International Airport and Penang Second Bridge, 18km away from Georgetown, and 11km away from Penang Bridge.

When Spotify emerged in 2006, music distribution businesses were sorely affected — after all, who would buy digital music for RM2 apiece when you could get it for free on Spotify? Then came Airbnb, which put a dent in the global hotel industry because now every home can double up as a hotel too.

GEORGE TOWN (Nov 18): Developers of new developments in the city will be required to upgrade the main drain in their development areas to solve the flash floods problem in the state.

Space, and how people interact with it, is ever evolving.

SEPANG (Nov 14): The Mitsui Outlet Park Kuala Lumpur International Airport (KLIA) will become the Southeast Asia's biggest outlet mall by 2021 after phase three expansion is completed.

KUALA LUMPUR (Nov 7): If you are claustrophobic, do not read this.

PETALING JAYA: Medini Iskandar Malaysia Sdn Bhd (MIM) is open to joint venture opportunities with real estate developers and operators for the development of The Compass in Medini Iskandar, Johor, said its managing director and CEO Datuk Khairil Anwar Ahmad.

BRAN, ROMANIA (Oct 31): Tonight, armed with courage and hopefully garlic, two horror fans dying for a thrill will become the first guests in almost 70 years to spend a night at Dracula's castle in Transylvania on Halloween.

PETALING JAYA (Oct 22): The first phase of Thriven Global Bhd’s Lumi Tropicana has achieved a take-up rate of 75% since its launch on Oct 15.

SINGAPORE (Oct 14): Ascott Residence Trust (ART) could benefit from parent CapitaLand’s recent tie-up with Tujia, dubbed China’s answer to Airbnb, says UOB Kay Hian lead analyst Derek Chang in a Oct 14 report which has a “buy’ on ART with S$1.