The Klang residential property market has been quite active in recent years, outshining the industrial segment that has been historically the area’s strongest sector due to the nearby port activities, says Phua Chee Kok, head o

It is perhaps the first and only listed company on Bursa Malaysia that has three managing directors.

Ho Hon Sang, the newly appointed managing director of property development (Malaysia) at Sunway City Bhd (SunCity), has mixed feelings about his promotion.

Far East Organization (FEO), Singapore’s largest privately held developer, has restarted the marketing and selling of its “ultra-luxury” residential projects under the newly introduced brand name Inessence.

KUALA LUMPUR: Nu Sentral, the upcoming retail mall at transit hub Kuala Lumpur Sentral is expected to generate around RM70 million to RM80 million a year in leasing, said Malaysian Resources Corporation Bhd (MRCB) chief executive officer (CEO) Mohamed Razeek Hussain.

KUALA LUMPUR: GuocoLand (Malaysia) Bhd acquired 4.55 million units in Tower REIT for RM5.102 million, the Group announced on Bursa Malaysia on Friday, Aug 6.

The acquisition represents 1.62% of the total issued units in the REIT.

“The acquisition will enable the Group to enhance its investment in Tower REIT,” the Group said.

KUALA LUMPUR: Harn Len Corporation Bhd paid RM2 million for five shophouses in Johor from Nusantara Bakti, a related party, the Group announced on Bursa Malaysia on Friday, Aug 6.

The five units are located along Jalan Ngee Heng within the Central Business District of Johor Bahru City Centre.

KUALA LUMPUR: The recent opening of the newly completed Jalan Bangsar/Jalan Travers flyover near Brickfields, Kuala Lumpur has improved traffic flow along Jalan Travers, said Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja Zainal Abidin.

KUALA LUMPUR: Prinsiptek Corporation Bhd acquired PST Concrete Sdn Bhd (PSTC) for RM400 on August 5, the Group announced in its filing with Bursa Malaysia on Friday, 6 Aug.

BEIJING: China may need to replace more than half of its housing stock in the next 20 years, a researcher at the housing ministry said in remarks published on Friday, Aug 6.