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According to a tender notice sighted, TM is inviting offers from interested parties to tender for 20-storey TM Annex 1 Tower and 33-storey TM Annex 2 Tower.

"Registration processes are currently being updated to reflect this expansion. Once MOTAC’s (Ministry of Tourism, Arts and Culture's) new registration process is in place, we will actively work to inform hosts of the registration requirements, as we have done with DBKL (Kuala Lumpur City Hall) last year and in hundreds of jurisdictions around the world," Airbnb said.

Deputy Tourism Minister Muhammad Bakhtiar Wan Chik said the drop should have sent a message to the industry players to raise the quality of their services and the tourism products around.

“In 2018, the residential sub-sector had continued to lead the overall market, with a contribution of 63.4% in volume and 53.7% in value. Residential properties in established areas with efficient connectivity continued to experience capital increases."

However, they caution that proper planning needs to be implemented in order to successfully bring about the rejuvenation.

The Royal Institution of Chartered Surveyors (RICS) chief economist Simon Rubinsohn said it was crucial that the Brexit negotiations come to a resolution in order to lure buyers back into the market.

PH has a score to settle after a somewhat lacklustre outing in the recent Cameron Highlands parliamentary by-election which saw it losing to BN.

Finance Minister Lim Guan Eng said after the detox operations, the TRX was now a corrupt-free project that had gained investor confidence both locally and abroad.

The upgrading of the quarters will be carried out in stages according to the allocations received.

Gopal, who has been appointed senior deputy public prosecutor and leading the prosecuting team, told the High Court the prosecution had filed the application to transfer the case  last Wednesday.