News about Ong

KUALA LUMPUR (Feb 5): Hong Kong-listed Sino Haijing Holdings Ltd is investing RM280 million in Yong Tai Bhd under a corporate exercise and emerged as its new substantial shareholder with more than 33% of the voting rights.

Sold for: RM438,000 or RM409psf Concluded by: Stanley Hang of MIP Properties (012 735 5110) When: Nov 15, 2015 Noteworthy: * Freehold * Block B * 1,072 sq ft, three bedrooms and two bathrooms * Cafeteria, restaurant, squash court, gymnasium, sauna room, wading pool, children’s playground, business centre and function room *IOI Mall and future MRT station within 5 to 6-minute drive; IOI Boulevard, Columbia Hospital, Tesco and Setiawalk nearby; easy access to Bandar Sunway through Damansara-Puchong highway.

KUALA LUMPUR (Feb 4): Selangor Properties Bhd (Selangor Prop) has acquired four parcels of land, measuring a total of 5,253 sq m in Kuala Lumpur for RM32.

HANOI (Feb 2): Hai Phong, Vietnam has the potential of becoming a major logistics hub of Vietnam, according to global commercial real estate service firm CBRE (Vietnam) Co Ltd.

Sold for: RM1 million Concluded by: Janet Chong of Hartamas Real Estate (012-318 8099) When: January 2016 Noteworthy: * Freehold * 1,390 sq ft * 3 bedrooms and 3 bathrooms * two side-by-side parking bays * bare unit Saville @ The Park is one of the newest high-rise homes in Bangsar South, Kuala Lumpur.

KUALA LUMPUR (Jan 28): Bank Negara Malaysia’s move to reduce the statutory reserve requirement (SRR) by 0.

KUALA LUMPUR (Jan 28): Kumpulan Wang Persaraan (Diperbadankan) (KWAP) has acquired a piece of land from the federal government in Persiaran Stonor here for RM140 million or RM2,578 per sq ft (psf).

PETALING JAYA (Jan 27): Petaling Jaya City Council (MBPJ) has promised to take action to solve traffic congestion woes on the Petaling Jaya One Way Loop (OWL) system.

MELAKA (Jan 26): The Melaka government and China's Guangdong province will hold wide-ranging talks on investments and project collaboration during the state's official visit to the province in March.

KUALA LUMPUR (Jan 26): Bangsar, Kuala Lumpur, resident Kum Thong Wong has a problem with long-standing potholes in front of a hawker centre in Lorong Ara Kiri, Lucky Garden.