News about Kuala Lumpur

PETALING JAYA (Feb 27): The aggrieved buyers of Sri Istana Condo on Jalan Kuchai Lama, Kuala Lumpur have succeeded in defending their rights to claim liquidated ascertained damages (LAD) for the delay in delivering vacant possession to them.

PETALING JAYA (Feb 22): Piling and foundation specialist Econpile Holdings Bhd (Econpile) has won a contract worth RM570.

BUKIT Jalil in Kuala Lumpur has been in the limelight ever since it was chosen as the location for the National Sports Complex, the venue of the 1998 Commonwealth Games.

MORE than four years after Japanese retailer AEON Co Ltd took over France-based Carrefour’s loss-making business in Malaysia, it is still struggling to improve its bottom line.

KUALA LUMPUR (Feb 20): MyHSR Corp Sdn Bhd has launched a strategic development framework (SDF) to outline socioeconomic development direction along the 350km Kuala Lumpur Singapore High Speed Rail (HSR) corridor.

PETALING JAYA (Feb 17): Property investment and holding company KL 33 Properties Sdn Bhd has acquired Menara Prudential (pictured) in Kuala Lumpur city centre for RM125 million, according to JLL Malaysia who is the transaction advisor on behalf of the seller — OCBC Properties (M) Sdn Bhd.

KUALA LUMPUR (Feb 17): A consortium of WSP Engineering Malaysia Sdn Bhd of Australia, UK-based Mott MacDonald Malaysia Sdn Bhd and Ernst & Young Advisory Services Sdn Bhd (EY) has been selected as the joint development partner (JDP) for the Kuala Lumpur-Singapore high-speed rail (HSR) project, which will cut travel time between Singapore and Kuala Lumpur to 90 minutes.

Sold for: RM1.

KUALA LUMPUR (Feb 16): Yong Tai Bhd is taking up a 70% stake in land holding company Iconic Paragon Sdn Bhd for a proposed development on two leasehold plots with a cumulative size of 1.

KUALA LUMPUR (Feb 15): Suntrack Development Sdn Bhd’s latest residential development, The Riyang, aims to attract families who are living in the mature neighbourhood of Happy Garden in Kuchai Lama, Kuala Lumpur.