Housing and Local Government Minister Nga Kor Ming: By collaborating with China, we can foster mutual learning and adapt proven solutions to local contexts, from smart home integration and digital infrastructure to artificial intelligence (AI-dr)iven housing management, data-driven urban services, and affordable housing models for middle- and low-income groups.
The space will be used for commercial operations and under International Financial Reporting standards, with the tenancy agreement treated as the acquisition of a right-of-use assets, which Parkson booked at about 14.
Held in conjunction with the International Architecture, Interior Design and Building Exhibition (Archidex) 2025, the week-long initiative is themed “Reviving the City’s Heartbeat”, aiming to transform old Kuala Lumpur into a walkable showcase of public installations, design trails, sketching sessions and curated food stops.
The works are at two 50-storey serviced apartment blocks in Kuala Lumpur for Aricia Sdn Bhd, a subsidiary of Chin Hin Group Bhd.
Parkson said the tenancy agreement was entered into with Guizhou Hanhua Real Estate Development Co Ltd to occupy 26,723 square metres of space in the Baolong International Building.
According to JLL’s report, China invested a total of US$21 billion (about RM90.
As of March 31, Parkson operated 42 stores in 28 cities across China.
"Thailand is the only Southeast Asian destination that consistently ranks more highly than Malaysia.
The rental payable, including tax, under the tenancy agreement is 3.
As of Jan 31 this year, China nationals represent 24,765 out of a total of 56,066 holders.
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