Magma, KLCC Holdings sell Impiana KLCC hotel for RM315m to Valiram-backed buyer
The sale helps Magma unlock value from a non-core asset, reduce debt, and focus on higher-growth areas.
The sale helps Magma unlock value from a non-core asset, reduce debt, and focus on higher-growth areas.
“A renewed HOC would not only encourage genuine homeownership, especially among first-time buyers, but also help sustain market momentum in 2026,” said Mah Sing’s founder and group managing director Tan Sri Leong Hoy Kum.
As a result, the project went ahead under the Land Acquisition Act 1970, with 67% of landowners agreeing and the remaining 33% facing compulsory acquisition.
Minister in the Prime Minister’s Department (Federal Territories) Datuk Seri Dr Zaliha Mustafa said residents themselves agreed to redevelop the area, selected the developer, and signed a deal without government interference.
As cities absorb burgeoning populations, they are increasingly vulnerable to social and climate-related pressures ranging from inadequate infrastructure to public health crises.
Minister in the Prime Minister’s Department (Federal Territories) Datuk Seri Dr Zaliha Mustafa said the session will provide lawmakers with a more detailed explanation of the long-standing dispute surrounding the project facing resistance from some residents and delays spanning nearly a decade.
Empire Remix 1 remains a cautionary tale, a stalled opportunity in an otherwise active and competitive USJ 1 property market.
Residensi Armani Hallson KLCC is a freehold mixed development by Armani Hallson KLCC Sdn.
Chin Hin Group Property board adviser Ngian Siew Siong: Fancy, elaborate facades may look impressive in brochures, but multi-colour or protruding elements are hard to maintain, repaint, and can increase costs over time.
Ungku Iskandar urged policymakers and developers to adopt data-driven planning and a unified oversight to tackle housing and commercial oversupply.