Indonesia’s Rajawali buys Four Seasons Langkawi?
KUALA LUMPUR: Indonesia’s Rajawali Group is believed to be buying The Four Seasons Resort Langkawi for an estimated US$110 million (RM360.8 million), sources said.
Latest
Tropicana sells land to Eco World
KUALA LUMPUR: Tropicana Corp Bhd has hived off 308.72 acres (124.93ha) of land to Eco World Development Group Bhd for RM470.67 million in cash or RM35 per sq ft (psf).
The tract, which is located near Shah Alam, is part of the 1,172-acre landbank that Tropicana Corp bought from Permodalan Negeri Selangor Bhd for RM1.3 billion a year ago. It was valued at RM11.41 psf then.
‘Sentoria’s expansion plans ambitious’
KUALA LUMPUR: Sentoria Group Bhd, whose flagship development is the Bukit Gambang Resort City (BGRC) in Kuantan, Pahang, has put in place expansion plans which RAM Rating Services Bhd (RAM Ratings) deems “ambitious”.
Vacancy rate of luxury condos to rise this year
KUALA LUMPUR: The vacancy rate of luxurious condominiums in the country is expected to rise to an alarming 35% to 38% this year amid a supply glut, said CH Williams Talhar & Wong Sdn Bhd.
This compares with a vacancy rate of 32% in 2013 and 35% in 2012, said its managing director Foo Gee Jen.
Aeon expects steady growth
KUALA LUMPUR: Aeon Co (M) Bhd is expecting steady revenue growth of 5% this year, with 30% to 40% to come from the food segment.
Managing director Nur Qamarina Chew Abdullah said the group is growing consistently on a year-on-year basis.
Feed-in Tariff quota for 2014 delayed
SUBANG: The Feed-in Tariff (FiT) quota that was scheduled to be announced by the Sustainable Energy Development Authority (Seda) yesterday has been deferred to the second quarter of this year.
City & Country: Veritas focusing on sustainable hospitals
 |
| An artist’s impression of River of Life Sungei Hijau Hospital |
City & Country: Creating new shopping experiences
 |
| An artist’s impression of Ipoh Parade |
Residential land prices in England and Wales see turnaround
LONDON: Development land values in England and Wales posted a fourth consecutive quarter of growth in the last three months of 2013, translating to a turnaround from the previous year when land prices were relatively stagnant, reported Knight Frank in its latest Residential Development Land Index.Values for residential development land in England and Wales experienced a 2.7% increase between Oc
China’s residential market policies shift purchasing power to office market
KUALA LUMPUR: Due to policies in 2013 targeting residential properties, investors in China’s first-tier cities (Beijing, Shanghai and Guangzhou) have shifted their purchasing power to the office market instead.Grade A office rents in the three cities remained stable due to the implementation of these residential policies, said global real estate agency Knight Frank in its Greater China Property
