News by Chin Wai Lun

Situated on a 596-acre site in Genting Highlands, Tropicana WindCity will be anchored by Tropicana Paradise, comprising 308 acres of commercial and residential components as well as a 38-acre integrated entertainment hub with proposed branded serviced residences, five-star international branded hotels, a theme park and a shopping mall.

Hence, the developer is on track to achieve its sales target of RM2 billion for FY2022, it said in a statement highlighting its 2Q2022 results yesterday. 

The partnership seeks to explore ways to address the rising cost of building materials as well as leverage existing platforms in areas of marketing, branding and innovation, said the developer in a media statement today.

According to The Edge City & Country in Dec 2021, there were plans to redevelop Plaza OUG into a 6-storey shopping complex with a mezzanine floor, a 30-storey hotel with 312 rooms and a 41-storey serviced apartment with 361 units.

According to Kuala Lumpur City Hall (DBKL) in a statement on Monday (May 23), this is due to the incident where a double-storey house was destroyed after a retaining wall at the project site shifted on Sunday (May 22). Additionally, DBKL also mentioned that the Fire and Rescue Department had ordered the occupants of six nearby houses to evacuate.

The collaboration was marked by a signing of a Memorandum of Understanding (MoU) on April 27 by Hartamas Real Estate Group founder & managing director Eric Lim and EdgeProp Malaysia managing director Alvin Ong.

The development aims to be the cultural heart and hub for the growing Batu Kawan township – marking Ikano Centres' first foray into the northern region. Ikano Centres is a part of Ikano Retail, which owns the IKEA furniture stores in five countries and shopping centres anchored by IKEA.

Lee’s focal areas include OUG, Taman Yarl, Happy Garden and Old Klang Road landed residential properties. She says OUG is a friendly neighbourhood. While consisting of mostly senior citizens, she has noticed a slight change in demographics over the years. 

The Asia-Pacific Prime Office Rental Index for 1Q2022 increased 0.8% quarter-on-quarter (q-o-q), after rising by 0.3% in the preceding quarter – indicating a sustained economic recovery from 4Q2021. This is despite a turbulent first quarter of the year with multiple resurgences of Covid-19 in several markets, accelerating inflation and the Russian invasion of Ukraine weighing down market sentiments, said Knight Frank.

Nevertheless, Depp is also known for his interesting real estate holdings, which include an island in the Bahamas, according to TopTenRealEstateDeals.com. During the years with former partner French singer-actress Vanessa Paradis, Depp purchased an entire French village which was recently on the market at US$55.5 million (RM240.65 million).