Malls going through consolidation – but closures unlikely
PETALING JAYA (March 16): While malls in the Klang Valley are facing challenging times, most will find ways to cope and survive.
Pavilion REIT expected to see subdued rental reversion growth
Pavilion Real Estate Investment Trust (March 15, RM1.
JAKS to raise RM69m via placement
KUALA LUMPUR (March 15): JAKS Resources Bhd has proposed a placement to raise RM68.
Commercial property glut poses risk for M’sian banks
KUALA LUMPUR (March 12): Banks may face risks on their commercial property loans, as a looming oversupply of office buildings and shopping malls may lead to a correction in valuations, said a Reuters story citing a report by Moody’s dated March 9.
Platinum Victory’s PV18 Residence 50% taken-up
KUALA LUMPUR (March 8): Platinum Victory Development Sdn Bhd’s PV18 Residence has registered a 50% take-up rate since its weekend launch held on March 3.
Sunway Carnival Mall gets RM500m expansion, facelift
KUALA LUMPUR (March 5): Sunway Carnival Mall, located at Seberang Jaya, Penang, is getting a RM500 million renovation and expansion — a decade after opening its doors.
Four Seasons Hotel Kuala Lumpur slated for mid-2018 launch
PETALING JAYA (March 2): Four Seasons Hotel Kuala Lumpur is targeted for a mid-2018 opening, reported NST Property.
JAKS’ outlook remains robust on Vietnam job profit recognition
JAKS Resources Bhd (March 1, RM1.
SunCon appointed project delivery partner for RM274m Penang project
KUALA LUMPUR (Feb 28): Sunway Construction Group Bhd’s (SunCon) unit has been appointed the project delivery partner for the expansion of a nine-storey commercial development to the existing Sunway Carnival Mall in Seberang Jaya, Penang.
