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YTL Hospitality REIT acquires Syeun Hotel in Ipoh for RM55m cash

YTL Hospitality REIT (YTL REIT) is acquiring Syeun Hotel in Ipoh, Perak, for RM55 million cash, as it looks to continuously acquire and invest in high-quality hospitality properties in Malaysia and internationally, with a view to providing long-term and sustainable income distribution to unitholders and achieving long-term growth in net asset value per unit.

DONE DEAL: Semidee house, Saujana Resort, Shah Alam, Selangor

Noteworthy:

  • Built-up size: 4,200 sq ft
  • Land size: 6,000 sq ft
  • Freehold
  • 7 bedrooms, 5 bathrooms
  • Semi-furnished
  • Nearby amenities: Ara Damansara LRT station, Saujana Golf & Country Club, CITTA Mall, Paradigm Mall
  • Accessibility: Federal Highway, DASH, NSE, Subang-Kelana Jaya Link, Sungai Buloh Highway, KESAS

When: October 2023

Advancecon bags RM27 mil earthworks contract for Rawang project

Advancecon Holdings Bhd announced that its wholly owned subsidiary Advancecon Infra Sdn Bhd (AISB) has bagged a RM27.3 million contract from Mujur Minat Sdn Bhd to carry out site clearing and earthworks construction (stage 1) for the Gamuda Gardens Park mixed development project in Rawang, Selangor.