Paramount chairman's son joins its board

KUALA LUMPUR (Aug 23): Paramount Corp Bhd, which reported a lower second-quarter (2Q) net profit yesterday following the absence of a disposal gain, announced that Benjamin Teo Jong Hian, the son of chairman and executive director Datuk Teo Chiang Quan, has joined the group’s board of directors as an executive director.

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DONE DEAL: Shopoffice, Megan Phoenix, Cheras, KL

  Sold for: RM440,000 (RM308 psf) Concluded by: Terence Tih (017-668 2669, REN 01644) from Tech Real Estate Sdn Bhd When: February 2019 Noteworthy: ● Unit size: 1,430 sq ft ● Freehold mid floor office ● Fully furnished ● Two bathrooms ● A few minutes’ walk from MRT station and shopping mall Read also DONE DEAL: Condominium unit, Pavilion Hilltop Mont’Kiara, Kuala Lumpur DONE DEAL: Shopoffice at Arena Curve in Bayan Baru, Penang The 24-year-old Megan Phoenix in Cheras, Kuala Lumpur is a 3-block commercial strata development with 450 parking bays.

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Oversupply? Then why are more malls being built?

Despite the dark clouds hanging over the retail mall scene in Malaysia, some bright spots remain in places where the local population is growing significantly, according to Savills (Malaysia) Sdn Bhd deputy executive chairman Allan Soo.

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Pavilion REIT to relook Bukit Jalil mall ownership

  KUALA LUMPUR (April 8): Pavilion Real Estate Investment Trust (REIT) has opted not to participate in the ownership of the under-construction Pavilion Bukit Jalil mall to avoid unwanted risks, but believes the asset will be worth reconsidering upon its completion, said its manager.

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