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S P Setia puts succession plan in place

THE three men seated on the first floor of the spanking new Setia City Convention Centre in Shah Alam — with Setia City Mall in the background — speak fondly of how they had met years ago and how they went on to build S P Setia Bhd into the property giant it is today.It was a combination of trust and chemistry, a shared entrepreneurial vision and great work culture, they recall.Their interview

From handbags to property

KENNY Tan is a successful entrepreneur, brimming with ideas and unafraid to take risks. Proof of his capability and tenacity is the fact that his handbag business thrived during the Asian financial crisis, when so many other businesses crashed.

Roomorama launches instant bookings

SINGAPORE: Roomorama.com, an online platform for professionally managed short-term rentals of individual properties, has launched an Instant Booking service for selected properties on its website. The first of its kind service in the short-term rental market allows travellers to book an apartment or a home as easily as booking a hotel room.

Sunway seeks green rating for Sunway Montana clubhouse

KUALA LUMPUR: Sunway Bhd is aiming for a LEED Platinum certification for its RM10 million clubhouse at its Sunway Montana residential development in Desa Melawati, Kuala Lumpur.Sunway Montana has a gross development value of RM520 million and about 60% of its 56.4-acre (22.8ha) freehold space will be landscaped.The 19,000 sq ft clubhouse unveiled this week is among the first such building that

Setia Residence phase 2 opens for sale

KUALA LUMPUR: Setia Awan Holdings Sdn Bhd has launched phase 2 of its Setia Residence project in Manjung, Sitiawan in Perak. Setia Residence, a 60-acre (24.2ha) freehold project, is the first gated and guarded development in Manjung. It will feature 436 3-storey bungalows, zero-lot bungalows as well as cluster and terraced houses when fully completed in 2015.

Meritus to manage resort on Funtasy Island

SINGAPORE: Asian hospitality chain Meritus Hotels & Resorts (MHR) has signed a memorandum of agreement with Funtasy Island Development Pte Ltd (FID) for the management of a deluxe resort development on Funtasy Island.The development comprises a 200-room condotel, a 230-suite hotel, and 413 villas.

Investment opportunities in Bukit Timah?

TRANSACTION volume has certainly been affected by the recent (Singapore) government cooling measures introduced on Jan 12. Just based on caveats lodged with URA Realis alone, the number of transactions for the month of February (downloaded as at March 13) was 732 compared with 2,927 in January, implying a precipitous drop of 75%.

Pull of US real estate

AT 1,018ft tall, US Bank Tower is considered the tallest skyscraper in Los Angeles. Designed by celebrated Chinese-American architect, I M Pei, the Grade A office building is a 72-storey tower with six levels of underground parking.

Mah Sing buys land near RRIM

KUALA LUMPUR (April 4,2013): Mah Sing Group Bhd is expanding its landbank near Sungai Buloh, riding the government’s development of the Rubber Research Institute of Malaysia (RRIM) land there.

Balinese-themed boutique resort villas in Raub

CASABRINA, situated just an hour's drive from Kuala Lumpur in Raub, Pahang, started out as a hideout for Felix Tee, who had purchased the 70-acre highland estate back in 1998. He bought the former rubber estate plantation land, he tells City & Country, as it was his dream to live surrounded by nature in his retirement years.