KUALA LUMPUR: MRT Corp Sdn Bhd, developer and owner of the mass rapid transit (MRT) project, said the cost to build the pedestrian walkway tunnel at the KL Sentral MRT station is estimated at RM340 million.

“However, the actual cost will be determined by tender, which is now on hold,” the company said in a statement yesterday.

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.

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.

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”.

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.

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.

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.

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