DBKL land transfers frozen

PETALING JAYA (May 31): The Kuala Lumpur Federal Territory Director of Land and Mines Office has been ordered to freeze all transactions involving transfers of land owned by Dewan Bandaraya Kuala Lumpur (DBKL) since May 10, said director Sharez Izuan Md Zaidi.

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DONE DEAL: Retail lot at mezzanine floor, Ampang Point Shopping Centre, Selangor

Rented for: RM20,000 (RM8 psf) Concluded by: Michael S L Wong (REN 09493) of Dynamic Realtors (012-519 8688) When: December 2017 Noteworthy: ● 2,500 sq ft ● Mezzanine Floor of Ampang Point Shopping Centre ● Tenant invested RM100,000 for renovation ● Three-year fixed term with option to renew for another three-year term ● Location is central and surrounded by office crowds According to Michael S L Wong of Dynamic Realtors who concluded the deal, the tenant is none other than Cozy Corner Restaurant, formerly of Ampang Park Shopping Centre, which closed its doors on Dec 31 last year.

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TTDI residents seek donation for legal fees

PETALING JAYA (Dec 26): The Taman Tun Dr Ismail Residents’ Association (TTDI RA) and Save Taman Rimba Kiara Working Group are seeking donations from the public to raise funds for the ongoing court case against Dewan Bandaraya Kuala Lumpur (DBKL) and the KL mayor.

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TTDI residents hit back at FT Minister's claims

PETALING JAYA (Dec 19): The Taman Tun Dr Ismail Residents’ Association (TTDI RA) has refuted several claims made by the Federal Territories (FT) Minister Datuk Seri Utama Tengku Adnan Tengku Mansor regarding issues related to the proposed high-rise development near Taman Rimba Kiara (TRK).

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AmanahRaya REIT to dispose of land

KUALA LUMPUR: AmanahRaya Real Estate Investment Trust (REIT) has proposed to sell a piece of freehold land in Shah Alam to Nippon Express (M) Sdn Bhd for RM105 million.

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Ekovest posts flat 1Q net profit

KUALA LUMPUR (Nov 28): Ekovest Bhd, controlled by tycoon Tan Sri Lim Kang Hoo, reported a flat net profit for the first financial quarter ended Sept 30, 2017 (1QFY18), as higher sales recognition from its property development projects was offset by lower profits from its construction operations.

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