Sentral REIT did not specify how much builder and property developer MRCB will pay for QRH's 39% stake in SRM.

The Budget 2023 is seen as a pre-election budget, and the government is expected to take positive steps with measures to boost the property market, which has ailed along with the Covid-19 pandemic.

Tropicana Corp Bhd has signed a hotel management agreement with Marriott International to build a 270-key five-star hotel at its mixed development in Langkawi, Tropicana Cenang

The fund said the hub will be located on 27 acres of freehold land and equipped with the Automated Storage and Retrieval System (ASRS) technology, providing increased efficiency and flexibility for tenants.

Noteworthy:

• Rented
• Built up: 2,500 sq ft each
• 5 bedrooms, 2 bathrooms (60-3 and 60-4), 2 bedrooms, 2 bathrooms (60-5)
• Office
• Semi-furnished (60-4), Unfurnished (60-3 and 60-5)
• Nearby amenities: Serviced apartments, retail entertainment space, convenience stores, F&B outlets, Chan Sow Lin LRT station.
• Accessibility: Jalan Loke Yew, Jalan Tun Razak, Jalan Pudu, KESAS highway, Federal highway

When: July 2022 (Unit 60-3), September 2022 (Units 60-4 and 60-5)   

The top foreign buyers of condos in the city state are Chinese citizens.

MCC Overseas (M) Sdn Bhd (MCC Malaysia) has obtained an 89% Quality Assessment System in Construction (QLASSIC) score for the construction of The Face 2 Platinum Victory Suites, the highest rating recorded in history under the high-rise residential category since the system was introduced in 2007.

The development will span 30 acres and is valued at RM356 million while featuring 269 bespoke homes to be built in three phases.

Majuperak Holdings Bhd (MHB) proposed to collaborate with its 55%-shareholder Perbadanan Kemajuan Negeri Perak (PKNPk) to jointly develop assets on several land banks measuring 857.75 acres in Perak.

Dolomite Corp Bhd, which is involved in property development, construction and sand mining activities, has been ordered by the High Court here to wind up due to its failure to repay US$38.19 million (RM177.38 million) of debt.