Who's up, who's down: Will falling tourist arrivals pose a challenge for hotel owners next year?
Tourist arrivals for the first half of the year stood at just 43% of the full-year target and businesses in the sector have remained subdued
Opening of Empire City Damansara Mall postponed
The Empire City Damansara development in Petaling Jaya, which held the “Party of the Century” in January with celebrities like Paris Hilton and K-pop group 2 AM, is delaying the opening of the mall to September 2016, said retailers.
Steel tycoon Cheng sells more land
Andalas Development Sdn Bhd, a company linked to Cheng, has sold 296 acres in Bandar Mahkota Banting, Selangor, according to industry sources.
RM7b Pavilion Damansara project to start in 2Q2016
Targeted for completion in 2021, the development will sit on 15.84 acres in Pusat Bandar Damansara and comprise 13 office blocks, four towers with 1,256 serviced apartments and 240 hotel rooms, and a five-storey retail podium with a net lettable area (NLA) of some one million sq ft.
Titijaya-Amona JV eyes Imbi parcel in Kuala Lumpur
The prime tract that Titijaya Land Bhd and its joint-venture partner Amona Development Sdn Bhd are eyeing is located near Berjaya Times Square in Imbi — within a 2km radius of the upcoming Tun Razak Exchange (TRX) — sources say.
Turner International keen to expand in Malaysia
Turner International, which is known for its role in the construction of the world’s tallest building — Burj Khalifa in Dubai, the United Arab Emirates — is eager to take on work in the education, healthcare and infrastructure sectors in Malaysia.
Minor-Khazanah tie-up to build RM243m Anantara resort in Desaru
Minor Hotel Group (MHG), the hospitality unit of Thailand-listed Minor International PCL, has teamed up with Khazanah Nasional Bhd’s Themed Attractions Resorts & Hotels Sdn Bhd (TAR&H) to develop a US$58 million (RM243 million) resort in Desaru, Johor.
Perak’s D Mall and D Hotel attract bids up to RM130m
A two-year-old mall-cum-hotel in Bandar Seri Iskandar, Perak has captured the attention of investors, including a listed real estate investment trust (REIT), sources said.
World’s first Harrods Hotel — has Malaysia lost bragging rights?
Tan Sri Syed Mokhtar Albukhary, Tan Sri Desmond Lim Siew Choon and Qatar Holding LLC were to set up a tripartite joint venture to open the luxury hotel in the Bukit Bintang enclave in 2018.
Pelaburan Hartanah Berhad to revive plans for former Unilever land in Bangsar, Kuala Lumpur
Pelaburan Hartanah Bhd (PHB) intends to revive its plans for a mixed-use development on the prime parcel in Bangsar, Kuala Lumpur, where Unilever Malaysia’s headquarters and factory had previously been located.
