News by M

EcoWorld achieved its sales target of RM4 billion, securing sales of RM4.01 billion for FY16.

Trusts continue to command premium despite spike in MGS yields, say analysts.

Located along the Federal Highway, it offers a net lettable area of about 400,000 sq ft across seven levels, with over 200 retail outlets.

The project with a gross development value of RM860 million will include a mall to be leased out entirely to its anchor tenant, Sogo (KL) Department Store Sdn Bhd.

The 7-storey Sunway Velocity is part of the 23-acre Sunway Velocity integrated development with a gross development value of RM4.5 billion.

EWI president and chief executive officer Datuk Teow Leong Seng: It’s a synergy, Guoco is using us as a platform to go into the UK and Australian property markets. They know we have done very well in [the] UK and Australia. It’s a win-win situation.

Sold for: RM1 million (RM547 psf); Concluded by: Fairuz Azhan (REN 16658) (016-222 2533) of MIP Properties and Casper Yee (REN 13384) (016-259 1812) of HASB Consultants; When: September 2016

Penang Town and Country Planning Department director Datuk Mohd Anuar Maidin said transport hubs along the light-rail transit (LRT) line highlighted in the RM46 billion plan would be included as primary development areas in the PSP2030.

MQREIT said the proposed placement would be allocated to selected investors including Malaysian Resources Corp Bhd (MRCB) and the Employees Provident Fund.

As we move further into the future, we can only expect more astounding inventions to come and end up where no man has gone before.