Varsity to acquire hotels in Klang Valley, Penang
Universiti Utara Malaysia (UUM), through a subsidiary of Uniutama Management Holdings Sdn Bhd (UMHSB), is taking over several hotels in the Klang Valley and Penang.
Will the HSR stir Malaysia’s lethargic property market?
The signing of the Memorandum of Understanding (MoU) on July 19 to work towards commencing the Kuala Lumpur–Singapore High Speed Rail (HSR) operations by 2026 has sparked renewed interest along the property line.
OCR Land to launch The Pano mixed-use development by end-Sept
OCR Land Holdings Sdn Bhd will launch The Pano — a residential and retail development at Jalan Ipoh Batu 3 in Kuala Lumpur, by end-September — said sales and marketing director Emily Ong.
Over a third of survey participants believe property prices will go down in next 12 months
About 36.2% of people surveyed by TheEdgeProperty.com believed that prices of properties will decline in the next 12 months, citing factors such as the current dampened economic sentiment, oversupply and lending curbs.
Cost of Penang Transport Master Plan to balloon to RM46b, says project delivery partner
The Gamuda Bhd-led SRS Consortium confirmed that the initial cost of RM27 billion for the Penang Transport Master Plan (PTMP) has ballooned to an estimated RM46 billion, after additional components were added by Seberang Perai Municipal Council (MPSP).
50 Cent trying to sell mansion, slashes price again
The rapper has now lowered the price of his house to US$5.995 million
Gadang’s 4Q net profit climbs 20%
Revenue for the quarter jumped 47% to RM248.9 million from RM169.8 million a year earlier, its quarterly results filing yesterday showed.
Opening of Melawati Mall extended to 2Q17, from 4Q16
The Sime Darby Property Bhd-CapitaLand Mall Asia joint venture has decided to further extend the opening of its Melawati Mall to the second quarter of next year (2Q17).
I-Bhd's 2Q profit jumps 72% on strong property sales
I-Bhd’s net profit for the second quarter ended June 30, 2016 (2QFY16) soared by 72.32% from the previous comparable period to RM14.68 million, as the developer of i-City credited it to stronger property sales.
