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PAC’s findings on white elephant marinas to be tabled soon
PETALING JAYA (March 18): The Public Accounts Committee (PAC) will be tabling its findings on the marina projects totalling RM323.
Manulife Asset Management projects flattish yields in Malaysian REITs market
KUALA LUMPUR (March 16): Manulife Asset Management Services Bhd (MAMSB) expects the Malaysian real estate investment trust (REIT) market to remain flattish this year, with yields of around 4%-5% due to an oversupply of the instrument in the market.
Boustead goes ahead with Royale Chulan Hotel sale, two weeks after Mindef said it wasn't a done deal
KUALA LUMPUR (March 15): Boustead Holdings Bhd inked a sale and purchase agreement (SPA) today with Singapore's Hotel Royal Ltd to sell its Royale Chulan Bukit Bintang Hotel for RM197 million, cash, just over two weeks after the Ministry of Defence (Mindef) said the sale wasn't a done deal.
Singapore-listed Debao ventures into KL’s luxury high-rise residential market with RM2.2bil project
PETALING JAYA (March 15): Kuala Lumpur will soon usher in a new skyscraper in the form of Singapore-listed developer Debao Property Development Ltd’s twin-tower residential high-rise called The Landmark@KL City.
Mont’Kiara residents request for judicial review on 51-storey development
PETALING JAYA (March 15): Residents of Mont’Kiara are seeking a judicial review on Kuala Lumpur City Hall’s (DBKL) approval for a 51-storey commercial building in the Kuala Lumpur neighbourhood.
Save Taman Rimba Kiara: Titiwangsa court ruling applies to Kiara
PETALING JAYA (March 15): Save Taman Rimba Kiara (STRK) welcomed the recent court ruling to halt a public hearing for a high-density project on government land, saying there are similar issues in the Taman Rimba Kiara matter.
FT Minister: DBKL to conduct public hearings on Taman Tiara Titiwangsa condo
KUALA LUMPUR (March 14): Kuala Lumpur City Hall is set to arrange public hearings to hear objections to a high-density project in Taman Tiara Titiwangsa.
DONE DEAL: Serviced residence at Twin Arkz, Bukit Jalil, Kuala Lumpur
Rented for: RM3,700 (about RM3.
Zelan seeks RM305m in arbitration against architects
KUALA LUMPUR (March 12): Zelan Bhd has initiated arbitration proceedings against NRY Architects for as much as RM305.
Malaysia Pacific Corp to sell Wisma MPL for RM189m
KUALA LUMPUR (March 12): Malaysia Pacific Corp Bhd has signed a sale and purchase agreement to dispose of Wisma MPL in Jalan Raja Chulan for RM189 million to Asia New Venture Capital Holdings Sdn Bhd.
