Genting Malaysia said the deal will see Empire Resorts sell key non-casino properties—including the 332-room Resorts World Catskills (RWC) and the 99-room Alder Hotel, a 18-hole Monster golf course, the 2,500-seat RWC Epicenter, and restaurants—to a local development body, Sullivan County Resort Facilities Local Development Corporation (SCRFLDC), which will run them as public assets.
Park Hyatt Kuala Lumpur general manager Herman Kemp stated that Hyatt Hotels Corporation is very confident in Malaysia’s premium hospitality market, with the increase in tourism and the improvement of Malaysia’s economy, following the Covid-19 pandemic.
Beyond knowledge-sharing, Zahri said the programme aims to elevate public spaces as essential to a city’s social, economic, cultural, and environmental fabric.
Domestic travel demand remained a key growth driver, with Malaysians making up 67% of Airbnb guests in 2024, surpassing pre-pandemic levels recorded in 2019.
Developed by Paramount Property (Cityview) Sdn Bhd, The Ashwood is a luxury non-landed residential project located in the elite U-Thant area, just 1.
“Most buyers aren’t even sure what they’re working towards.
Teng said that during earlier times, especially the 1990s, property investors were often looking for profits through flipping.
Tan explained that this increase is fuelled by a wave of serviced apartment new launches now commanding RM1,000–RM1,500 psf, especially around the Bukit Chagar area.
The units were priced at 61 sen apiece with 409.
PPK Malaysia cautioned that such cost burdens could undermine the long-term sustainability and competitiveness of the retail property sector, while also impacting rental affordability and the ability of landlords to recover shared operating costs from tenants.
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