News about KL

KUALA LUMPUR (Dec 8): JKG Land Bhd, formerly known as Keladi Maju Bhd, has teamed up with ISY Holdings Sdn Bhd to jointly develop a 130-acre piece of leasehold land in Bukit Cherakah, Selangor into predominantly residential and commercial properties.

KUALA LUMPUR (Dec 7): Aeon Co (M) Bhd, which is suing developer Gemilang Waras Sdn Bhd (GWSB) on the renewal of lease for AEON Mall Bukit Tinggi in Klang, Selangor, is being counter-sued by the latter.

Rented for: RM4,200 monthly (average RM3.

KUALA LUMPUR (Dec 6): YTL Corp Bhd managing director (MD) Tan Sri Dr Francis Yeoh, who witnessed the signing of agreements yesterday between its hospitality arm and US-based Marriott International Inc to build two new luxury hotels here, said he was unsure why the conglomerate’s share price was hovering near its eight-year low.

KUALA LUMPUR (Dec 6): The average occupancy rate of retail space in the Klang Valley, which has been falling marginally over the last six years, is now hovering at a five-year low of 86%, said real estate services firm Nawawi Tie Leung Sdn Bhd (NTL).

KUALA LUMPUR (Dec 5): YTL Hotels & Properties Sdn Bhd, the hospitality arm of YTL Corp Bhd, will be teaming up with long-term partner US-based Marriott International Inc to build two new luxury hotels here.

PETALING JAYA (Dec 5): The Malaysian property market is expected to stabilise and improve next year on the back of an uptick in transaction volume, said the Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC).

Vivocom International Holdings Bhd (Dec 4, 13 sen) Maintain buy recommendation with an adjusted target price (TP) of 33 sen per share: Vivocom International Bhd’s nine-month financial year 2017 (9MFY17) earnings came below expectations.

PETALING JAYA (Nov 30): Mitsui Outlet Park KLIA Sepang phase 2 will open for business on Dec 15, 2017, introducing about 35 new stores.

KUALA LUMPUR (Nov 29): The government has cancelled the Kuala Lumpur-Klang bus rapid transit (BRT) project as the service will overlap with the proposed light rail transit 3 (LRT3) project, the Dewan Rakyat was told yesterday.