IKEA to set up RM908 mil regional hub in Malaysia
KUALA LUMPUR (Aug 23): The world’s largest furniture retailer IKEA will invest RM908 million to set up a regional distribution and supply chain centre in Malaysia to serve the Asean market.
Lower property sales and high staff costs hit Enra’s 1Q earnings
KUALA LUMPUR (Aug 18): Lower property sales and higher staff costs have dragged Enra Group Bhd’s first quarter earnings down, with net profit falling 19.
Red Carpet 2 @ i-City opens today
SHAH ALAM (AUG 15): Malaysia’s first interactive wax museum in Malaysia, Red Carpet 2 @ i-City in Shah Alam, was launched today by Malaysia Tourism and Culture Minister Datuk Seri Mohamed Nazri Abdul Aziz.
Location blamed for unsold low-cost homes
KUALA LUMPUR (Aug 8): Industry players say the perceived slow demand in low-cost housing units is mainly due to difficulty in securing financing, unsuitable location of projects as well as a shift in demand towards better quality projects.
Sunsuria City — a world-class satellite township
As times change, so do the needs of modern dwellers.
London riverside development launches in Singapore
SINGAPORE (Aug 3): Ballymore will launch an East London riverside development, Goodluck Hope, on Aug 12 and 13, at St Regis Hotel Singapore.
New 22km cycling path opens in Medini City
JOHOR (July 31): Medini Iskandar Malaysia Sdn Bhd has opened a 22km cycling path in Medini City in Iskandar Puteri, Johor last Thursday.
Pavilion REIT 1HFY17 below expectations
Pavilion Real Estate Investment Trust (July 28, RM1.
Penthouse at Gramercy Park in Singapore sold for S$17 mil
A freehold, 5,533 sq ft penthouse at Gramercy Park in prime District 10 fetched the highest sale price of S$17 million (RM53 million), or S$3,073 psf, for the period between July 4 and 11, according to a caveat lodged with URA on July 10.
