Latest Ampang land buy seen as good deal for Titijaya
Titijaya Land Bhd (March 29, 53 sen) Maintain buy with an unchanged fair value of 95 sen: Titijaya Land Bhd has proposed to subscribe to a 99% equity interest in BJ Properties Sdn Bhd for RM9.
Malaysia tops Airbnb guest arrival growth in Asia
PETALING JAYA (March 30): Malaysia has set the highest growth rate of all Airbnb markets in Asia with a 137% y-o-y growth in 2017 to hit 1.
Titijaya buys firm that owns Ampang land, plans RM1.5b mixed project
KUALA LUMPUR (March 28): Titijaya Land Bhd is buying shares of a loss-making privately-owned property company that owns a 27,550 sq m piece of land in Ampang here, for RM9.
Stakeholders must collaborate to reduce severe imbalances in the retail, office segments
PETALING JAYA (March 28): The authorities, property developers, owners, and other stakeholders in the real estate sector are urged to come up with specific measures to reduce the severe imbalances in the office and shopping complex segments that threaten the rest of the economy, according to the “Financial Stability and Payment Systems Report 2017” published by Bank Negara Malaysia (BNM) today.
KL office market continues to struggle with oversupply but co-working space demand rising
PETALING JAYA (March 26): A stronger performing economy has not helped the Kuala Lumpur office property sector as it continues to struggle with an oversupply of new buildings amidst subdued leasing activities, said global consultancy firm Knight Frank.
Country Garden Malaysia hits 70% take-up rate for launches in 2017
JOHOR BAHRU: Despite the challenging real estate market, Country Garden Malaysia has managed to achieve a decent take-up rate of more than 70% for its new property launches in Malaysia last year.
Sime Darby and Battersea Power Station launch new retail mall in London
KUALA LUMPUR (March 23): Battersea Power Station Development Co is today launching London’s newest retail and leisure destination — Battersea Power Station.
80-storey serviced apartment towers coming up near Bukit Nanas forest reserve
PETALING JAYA (March 22): A mixed-use, high-rise development including two 80-storey serviced apartment towers will be built on a 7.
Travelodge returns to Malaysia after 20 years with two new hotels in KL
PETALING JAYA (March 19): Two new Travelodge hotels will open in Kuala Lumpur in the third quarter of 2018 (3Q18), marking the brand’s return to Malaysia after a two-decade absence while enlarging its Asian portfolio to eight hotels.
Hospital Kuala Lumpur forensic unit fire put out
PETALING JAYA (March 17): A fire that broke out at the Hospital Kuala Lumpur National’s Institute of Forensic Medicine (IPFN) building has been extinguished with medical services unaffected, reported several news agencies.
