Concorde KL to be demolished to unlock land value

LONG-established Concorde Hotel Kuala Lumpur — which is linked to Sultan of Selangor Sultan Sharafuddin Idris Shah, entrepreneur Tan Sri Syed Yusof Syed Nasir and Singaporean tycoon Ong Beng Seng — may be torn down to make way for a multibillion-ringgit integrated project, documents show.

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IGB Corp in talks to sell Renaissance KL

ESTABLISHED property company and hotelier, IGB Corp Bhd, is believed to be in talks to dispose of its 20-year-old, 910-room Renaissance Kuala Lumpur hotel to a little-known Singapore company for just below RM800 million.

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DONE DEAL: Summer Suites small office/flexible office

Rented for: RM1,700 Concluded by: Mori Ng of Greenfield Properties (010 220 4482) When: August 2015 Noteworthy: - Partially furnished with air conditioning units, kitchen cabinets, refrigerator and microwave - Built-up area: 493 sq ft, 1 bathroom - Accessible via Jalan Sultan Ismail and the Ampang-Kuala Lumpur elevated highway.

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Abandoned hotel project in KL may be revived

EFFORTS to revive a stalled project located on a prized piece of land at the junction of Jalan Ampang and Jalan Sultan Ismail Kuala Lumpur — which was once earmarked for The Grand Duta Hyatt Hotel — appear to have been re-mobilised.

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