‘Developers are not making obscene profits’

PETALING JAYA (Oct 24): Contrary to popular belief, property developers in Malaysia are not making huge profits, said Real Estate and Housing Developers' Association Malaysia (Rehda) deputy president Datuk Soam Heng Choon (pictured).

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PJ Development selling three hotels

PJ Development Holdings Bhd (PJD), which is in the process of being taken private by Tan Sri Ong Leong Huat’s flagship OSK Holdings Bhd, is looking to divest three of its hotels — one each in Pahang, Johor and Kedah — for an estimated RM200 million.

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Hektar REIT allocates RM20m to upgrade Landmark Central

KUALA LUMPUR (April 25): Hektar Real Estate Investment Trust (REIT) will continue its mall enhancement initiatives this year, allocating RM20 million to increase the overall net lettable areas (NLA) of Landmark Central in Kedah by 20,000 sq ft to 300,000 sq ft.

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Kedah wants full-fledged airport in Kulim

KULIM (April 15): The proposed Kulim International Airport (code-named KXP) is back to being a full-fledged passenger and cargo airport in the final proposal to be submitted by the Kedah government to the prime minister in the third quarter of 2016.

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The spirit of Penang

CAPTAIN Francis Light founded Penang in 1786 when he convinced the Sultan of Kedah, whose territory it was at the time, to cede the island to the British.

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Adopting a global outlook in real estate

ON a sunny Wednesday, at the small yet smart headquarters of boutique agency Property Hub Sdn Bhd in Mont’Kiara, Kuala Lumpur, a few of the agency’s well-dressed agents and negotiators are seen looking through stacks of organised files, while the rest are busy replying emails and answering phone calls at their respective cubicles.

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