Mah Sing 1Q net profit rises 18.04% to RM98.9 million
KUALA LUMPUR (May 28): Mah Sing Group Bhd’s net profit for 1Q15 grew 18.
Eco World to launch first Penang project next month
PENANG: Eco World Development Group Bhd (EcoWorld) is expected to launch its first project in Penang, Eco Terraces condominium, in mid-June.
LaSalle acquires retail site in Marsden Park
SYDNEY (May 26): LaSalle Investment Management (LaSalle), on behalf of LaSalle Australia Club Investments Trust (LACIT), announced that LACIT has acquired a site on which a large format retail will be constructed with the newly created Sydney Business Park, according to a statement by LaSalle today.
UEM Edgenta to stay focused in total asset management
KUALA LUMPUR (MAY 26): UEM Edgenta Bhd - formerly Faber Group Bhd - plans to stay focused in total asset management and will see the last of its property development projects once completed in 2017.
Sunway appoints new hospitality CEO
KUALA LUMPUR (May 22): Sunway Bhd has appointed Albert Cheong (pictured) as the new CEO for its hospitality division effective May 18.
Principal Place Residential launches £160m Upper House in KL
KUALA LUMPUR (May 22): Principal Place Residential Ltd will be launching 90 units of luxury apartments named Upper House at Mandarin Oriental Hotel in Kuala Lumpur this weekend.
KL’s high-end condo market sees drop in rental, capital values
PETALING JAYA (May 21): The first quarter of 2015 (1Q2015) saw significant new supply of condominiums, reported DTZ Research.
WCT may defer REIT listing plan
KUALA LUMPUR (May 20): Builder-cum-property developer WCT Holdings Bhd, which had earlier planned to set up a RM2 billion real estate investment trust (REIT) this year, may postpone the exercise until 2016.
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DTZ: Strong investments in 1Q for KL, but uncertainties ahead
PETALING JAYA (May 19): Despite the depreciating ringgit against the US dollar in 1Q2015 and ongoing concerns on the impact of low oil prices on the Malaysian economy, the level of investment activity remained surprisingly strong for the quarter, according to DTZ Research’s “Property Times Kuala Lumpur Q1 2015: Cautious Sentiment Aggravates Uncertainties” report.
Malton bags RM208 mil contract to build Royale Pavilion Hotel
KUALA LUMPUR (May 18): Property developer Malton Bhd announced that its wholly-owned unit Domain Resources Sdn Bhd has received a letter of award for a RM208 million worth of contract from Harmoni Perkasa Sdn Bhd to build one block of Royale Pavilion Hotel, which is located along Jalan Bukit Bukit Bintang and Jalan Raja Chulan.
