News about AP

KUALA LUMPUR (July 3): Malaysia’s economy is expected to go down during the second half of 2016 (2H2016) as the country lacks of positive stimulus, said Chinese metaphysics consultant Datuk Joey Yap (pictured).

KUALA LUMPUR (June 30): The Light Rail Transit (LRT) line from Putra Heights to the Kuala Lumpur city centre started operations at 6am today, Bernama reported.

PETALING JAYA (June 30): The Four Seasons Hotel in Kyoto — developed by Kyoto Higashiyama Hospitality Assets TMK, a 50:50 joint venture between Berjaya Corp Bhd and Berjaya Land Bhd — is scheduled to hold its grand opening in Dec 2016, said Berjaya Corp in a press statement today.

BAGAN SERAI (June 30):  MK Land Holdings Bhd is planning to develop a new industrial area at Beriah Valley, Alor Pongsu, near here, Bernama reported today.

KUALA LUMPUR (June 30): Gamuda Bhd’s net profit for the third quarter ended April 30, 2016 fell 4.

TEAMBUILD Land, the property development arm of Teambuild Construction, has developed 20 residential developments and one mixed-use development totalling 910 units over the last eight years.

SINGAPORE (June 29): The manager of Mapletree Logistics Trust (MLT) is acquiring a warehouse facility in Malaysia at a purchase consideration of RM160 million from its sponsor, Mapletree Investments.

•    Today, we continue our focus on Taman Desa by looking at average prices on a per sq ft (psf) basis.

PETALING JAYA (June 28): The GEM Residences condominium jointly developed by Gamuda Land, Evia Real Estate and Maxdine Pte Ltd, in Toa Payoh, Singapore, has achieved a take-up rate of 55% since its launch on May 28, said Gamuda Land in a statement today.

SOVEREIGN wealth fund Qatar Investment Authority (QIA) has purchased Asia Square Tower 1 for S$3.