News about HTS

KUALA LUMPUR (Feb 16): Mah Sing Group Bhd, the country’s second-largest property developer by sales value, is to buy back all of its unconverted secured bonds for RM337.

KUALA LUMPUR (Feb 4): Selangor Properties Bhd (Selangor Prop) has acquired four parcels of land, measuring a total of 5,253 sq m in Kuala Lumpur for RM32.

PUTRA Nilai Development Sdn Bhd, the property arm of Nilai Resources Group Sdn Bhd, has been one of the key players in the property market in Nilai, Negeri Sembilan.

Country Heights Holdings Bhd (CHHB), which has been reporting net losses for the past three financial quarters, is making an effort to revive its two hospitality assets — Palace of the Golden Horses (POGH) and Mines Wellness Hotel — in an attempt to improve its earnings prospects amid rising competition and dwindling tourist arrival numbers.

KUALA LUMPUR (Dec 9): Country Heights Holdings Bhd (CHHB) has inked a joint venture agreement with Galaxus Corp Sdn Bhd (Galaxus) and Tan Sri Lee Kim Tiong @ Lee Kim Yew to revamp the management and business of the Palace of the Golden Horses (pictured) in Seri Kembangan, Selangor.

Sold for: RM11.

KUALA LUMPUR (Nov 27): GuocoLand (Malaysia) Bhd, the property arm of Hong Leong Group, is open to any “strategic partner” who can add value to its property developments.

KUALA LUMPUR (Nov 27): Property developer Tropicana Corp Bhd, which recorded a fourfold jump in third-quarter net profit, said it is on track to exceed the previous financial year’s total sales of RM1.

THE two-phase Pavilion Damansara Heights mixed-use development in Kuala Lumpur, being undertaken by Tan Sri Desmond Lim Siew Choon in partnership with the Canada Pension Plan Investment Board (CPPIB), will have a gross development value of RM7 billion, sources familiar with the project say.

ZERIN Properties took the titles of Most Innovative Firm of the Year and Real Estate Website of the Year at the National Real Estate Awards last weekend.