News by M

The strata market in Central City Kuala Lumpur is dominated by transactions of high-end condos and low-cost flats, with few middle-class products. In the 12 months to 1Q2015

Pavilion Real Estate Investment Trust (Pavilion REIT) is buying The Intermark Mall, which forms part of The Intermark mixed-use development located at the crossroads of Jalan Ampang and Jalan Tun Razak here, for RM160 million cash, which will be fully funded through debt.

The federal government should approve the Penang Transport Master Plan so that the state government cannot use it as a "political gimmick" to raise public outcry, says Penang state exco Chow Kon Yeow.

The Malaysian Insider reported on Nov 19 that the Vivekananda Ashram board of trustees had filed for a judicial review to quash the National Heritage Department's declaration of the century-old ashram a historical site.

The Seri Tanjung Pinang 1 project on the coast of Tanjung Tokong had caused sedimentation along the Gurney Drive shore and affected fishermen’s daily catch, said Malaysian Nature Society Penang chapter adviser Datuk Dr Leong Yueh Kwong.

Fishermen in the area are unhappy with the proposal by SRS Consortium Sdn Bhd to reclaim two islands off the shore near Kampung Permatang Damar Laut in Batu Maung, and said that once that happens, their livelihoods will never be the same again.

Parkson said the court’s decision will not have a material impact on its earnings for the financial year ending June 30, 2016.

Konsortium Transnasional Bhd (KTB) is disposing of a 0.63ha piece of industrial land in Larkin, Johor Bahru, to MHSB Development Sdn Bhd for RM2.1 million.

While addresses in Central City Kuala Lumpur carry less prestige than KLCC ones (analysed in a separate article), most properties here still fall into the high-end segment.