News about AI

•    Based on transactions analysed by theedgeproperty.

•   The prices of condominiums in the KLCC area reflect the prestige of living in the heart of the city.

KUALA LUMPUR (May 18): Property developer Malton Bhd announced that its wholly-owned unit Domain Resources Sdn Bhd has received a letter of award for a RM208 million worth of contract from Harmoni Perkasa Sdn Bhd to build one block of Royale Pavilion Hotel, which is located along Jalan Bukit Bukit Bintang and Jalan Raja Chulan.

• This week, the prime Kuala Lumpur City Centre (KLCC) area takes centre stage.

KUALA LUMPUR (May 16): The retail market will see a continuous slowdown due to weakened market sentiment caused by the recently implemented Goods and Services Tax (GST), said Savills Malaysia managing director, Allan Soo.

PETALING JAYA (May15): Former Petaling Jaya councillor Derek Fernandez is urging the Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) to consult the Petaling Jaya City Council (MBPJ) on the proposed MRT Sungai Buloh-Serdang-Putrajaya (SSP) line.

KUALA LUMPUR (May 11): Some experts say the future High-Speed Rail (HSR) link between Kuala Lumpur and Singapore is not designed for daily commuting purposes, the Straits Times (ST) reported.

PETALING JAYA (May 8): Datuk Saifuddin Abdullah (pictured) today questioned the conflict of interest arising from revelations that a top executive of Lembaga Tabung Haji (TH) also sat on the board of state investment vehicle 1Malaysia Development Bhd (1MDB).

KUALA LUMPUR (May 7): Malaysia Building Society Bhd (MBSB) saw its net profit dropped 37% to RM124.

SINGAPORE (May 6): Some 78 loss-making transactions in Singapore have been reported so far this year – up from 46 in 2014 and 45 in 2013.