It is part of the national agenda to empower the poor, says Urban Wellbeing, Housing and Local Government Minister Datuk Seri Abdul Rahman Dahlan.
YTL Corp’s hospitality arm YTL Hotels and Properties Sdn Bhd (YTL Hotels) said it had signed two management contracts with Marriott International to develop the two new hotels, which will feature the renowned hallmarks of The Ritz-Carlton.
S P Setia acting president and chief executive Datuk Khor Chap Jen admitted that its third foray into Australia is smaller compared to its previous two projects there, namely Fulton Lane and Parque.
In a statement today, the group said the non-fulfillment will disrupt the strategic development plan and time frame that the group had for the parcel of land.
MRCB-Quill said additional income from newly-acquired Platinum Sentral also supported profit growth. Platinum Sentral is located within Kuala Lumpur Sentral.
The company believes the figure can be achieved via its semi-detached properties in Taman Desa Tebrau in Johor Bahru, Johor, as well as its “The Marin at Ferringhi” condominium project in Penang, which has been seeing increasing foreign interest.
The developers are to come up with schemes to transform the existing 275,000 sq m of buildings into a project that could rival elements of Sydney’s Barangaroo precinct, another site undergoing an urban transformation which is expected to be completed in 2023.
In its filing to Bursa Malaysia today, IGB said HVSB — a wholly-owned unit of Tan & Tan Developments Bhd, which is in turn a wholly-owned unit of IGB — entered into a sale and purchase agreement today with Ecofirst Development Sdn Bhd (EDSB), to effect the disposal.