News about PA

KUALA LUMPUR (Nov 10): Global Oriental Bhd (GOB) presented and handed over a unit of its Galleria serviced apartment worth RM474,200 to Olympic silver medallist and mixed doubles badminton player Chan Peng Soon today.

The “Global Climate Change” report by the National Aeronautics and Space Administration (Nasa) states that the current global warming trend is very likely human-induced and proceeding at an unprecedented rate.

PETALING JAYA (Nov 10): International real estate consultancy Knight Frank expects investors to focus on safe haven assets, such as property, amidst market volatility due to increasing uncertainties after the US presidential election, according to Knight Frank Asia Pacific head of research Nicholas Holt.

KUALA LUMPUR (Nov 10): Malaysia’s first Oakwood hotel and residence, Oakwood KL, — formerly the Nomad SuCasa Hotel — is eyeing to achieve an average occupancy rate of 70%  backed by strong demand from business and leisure travellers, according to Oakwood Hotel & Residence Kuala Lumpur director of sales and marketing Kenny Goh (pictured).

KUALA LUMPUR (Nov 10): Protasco Bhd will be launching affordable homes with a gross development value (GDV) of RM600 million at its De Centrum City township in Kajang by the second quarter of 2017 (2Q17), as the group capitalises on the strong demand for this segment amid a subdued property market.

QUILL 6, a 24-storey office building on Lebuh Ampang, Kuala Lumpur — where HSBC Bank Malaysia Bhd has its headquarters — will not be injected into MRCB-Quill Real Estate Investment Trust (MQREIT) as its owner, the Quill Group of Companies, is seeking buyers for the property, according to sources.

SINGAPORE (Nov 8): Commercial real estate transaction volumes in Asia Pacific fell by 1.

KUALA LUMPUR (Nov 8): Property developer Titijaya Land Bhd has teamed up with CREC Development (M) Sdn Bhd (CRECD) to develop a mixed development on a 6.

KUALA LUMPUR (Nov 8): Despite a controversial price tag, the East Coast Rail Link (ECRL) has earned some positive compliments from the analyst community for its potential to improve connectivity, which could spur more economic activity along the east coast.

Businessman Tan Sri Desmond Lim Siew Choon is performing a corporate manoeuvre that may unlock value worth billions after emerging as the largest shareholder in WCT Holdings Bhd last Tuesday, say sources.