BANGKOK: Thailand-based Minor Hotel Group Ltd (MHG) has announced a collaboration with Dubai Properties Group (DP) to develop a new Anantara hotel in Dubai, United Arab Emirates (UAE). Named Anantara Dubai Creek Hotel, it is scheduled to open in early 2018.

ON the back of economic uncertainty caused by the recent plunge in crude oil prices and the weakening of the ringgit, demand for office space is anticipated to slow down as companies reduce their 2015 budget for capital expenditure and put expansion plans on hold, says Knight Frank Malaysia managing director Sarkunan Subramaniam in presenting The Edge/Knight Frank Klang Valley Office Monitor 4Q

KUALA LUMPUR (March 11): Sunway Bhd announced the resignation of Ong Pang Yen, its joint managing director of the group’s property development division (PDD), effective May 1, 2015, as he will be joining Sunway Education Group Sdn Bhd.

KUALA LUMPUR (March 11): IFCA MSC Bhd announced it has received a letter of award from Rangkaian Hotel Seri Malaysia Sdn Bhd for the supply of a property management solution worth RM3.39 million, excluding the annual maintenance fee.

In a filing with the exchange, IFCA (fundamental: 3; valuation: 1.5) said the contract is for 22 sites located in Malaysia.

KUALA LUMPUR (Mar 11): REDtone International Bhd (REDtone) has tied-up with IOI Properties Group Bhd (IOIPG), to provide residents of The Platino apartments in Iskandar Malaysia, Johor Bahru, with high-speed broadband connectivity.

KUALA LUMPUR (Mar 10): Sunsuria Bhd will see its executive chairman and substantial shareholder Datuk Ter Leong Yap injecting over 440 acres of landbank into the group, which will lead to the group's total project gross development value (GDV) rising to RM11 billion from RM300 million now.

KUALA LUMPUR (March 6): Sunsuria Bhd will be suspended from trading on Monday, March 9, pending a material announcement.

In a filing with Bursa Malaysia this evening, the property developer said the local bourse authority had approved its request to suspend the group’s counter next Monday, pending a material announcement to be made.

KUALA LUMPUR: Sunway Property, the property division of Sunway Bhd, revealed its key launches for this year in the Klang Valley, Penang, Ipoh and Johor, which amounts to around RM1.7 billion in gross development value (GDV), at a media event yesterday.

KAJANG: MKH Bhd’s latest township, Hillpark@Shah Alam North saw its Cherry III product achieve 85% take-up of the 236 units sold during the launch last week.

Cherry III are 2-storey link homes with built-up size of 20ft by 80ft, with prices starting from RM540,000 and carrying an estimated gross development value of RM116 million.

KUALA LUMPUR: Finbar Group Ltd, an Australian-based developer, will be launching Aurelia in Kuala Lumpur tomorrow. Aurelia is a 21-storey high-rise consisting of 116 apartments and two penthouses located on the riverside suburb of south Perth in Western Australia. The unit built-ups are from 560 sq ft to 2,702 sq ft and selling price starts from A$435,000 (RM1.24 million).