News about AI

KUALA LUMPUR (July 27): Primary market property sales plunged in 1H2016 from a year ago, underpinned by the sluggish global economy and poor local market sentiments, according to preliminary figures by the Valuation and Property Services Department.

THERE are still many details of the KL-Singapore high-speed rail project that need ironing out before the bilateral agreement is signed at the end of the year.

PETALING JAYA (July 26): Following the recent signing of the Memorandum of Understanding (MoU) on the Kuala Lumpur-Singapore high speed rail (KL-SG HSR) by both the Malaysian and Singaporean governments, MyHSR Corp Sdn Bhd (MyHSR) has selected CH2M as its technical advisor for the landmark cross-border project.

KUALA LUMPUR (July 26): A joint venture (JV) between Bina Puri Holdings Bhd and Cahya Mata Sarawak Bhd yesterday received and accepted a letter of award from Lebuhraya Borneo Utara Sdn Bhd for the proposed development and upgrade of Pan Borneo Highway in Sarawak for a contract sum of RM1.

LONG-established Concorde Hotel Kuala Lumpur — which is linked to Sultan of Selangor Sultan Sharafuddin Idris Shah, entrepreneur Tan Sri Syed Yusof Syed Nasir and Singaporean tycoon Ong Beng Seng — may be torn down to make way for a multibillion-ringgit integrated project, documents show.

A NEED for change propelled Nick Fong and Alex Lee to strike out on their own in 2008 with their interior design firm, Nu Infinity.

SICKNESS is no deterrent for managing director and principal of Huttons One World, Aine Lee to succeed in the real estate industry.

KUALA LUMPUR (July 21): IJM Land Bhd plans to launch seven to eight projects with a cumulative gross development value (GDV) of almost RM1 billion in the second half of this year (2H2016), said managing director Edward Chong.

KUALA LUMPUR (July 21): Warrant holders of property developer Yong Tai Bhd have approved the issuance of up to 220.

BETTER known for building affordable residential and commercial properties, Seremban-based developer Matrix Concepts Holdings Bhd is planning to target the mid- to high-income market with the launch of higher-end properties.