News about S

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.

PETALING JAYA (May 19) – Landmarks Bhd, through its wholly-owned subsidiary PT Bintan Hotel Utama (PTBHU), yesterday entered into a joint-venture (JV) agreement with ML Hotel Investments Pte Ltd (ML Hotel) to develop, own and operate two global hotel chains, Mercure and ibis Budget, in Treasure Bay Bintan, Bintan Island, Indonesia.

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.

GEORGE TOWN (May 18): YTL Land and Development Bhd sold the final units of its low-rise condominium project – Penang Shorefront – at a preview last weekend.

Li Si’en and Guerrand Lai Jiemin, or En and Rand as they prefer to be called, have always had a passion for cats.

• This week, the prime Kuala Lumpur City Centre (KLCC) area takes centre stage.

KUALA LUMPUR (May 17): The response to the public inspection (PI) of the MRT Sungai Buloh-Serdang-Putrajaya Line (SSP Line), which began on Friday, has been good with members of the public giving a variety of feedback on the project.

PETALING JAYA (May 16): Psaros, a Perth-based developer and builder, launched its new development, Park Avenue, on 271 Selby Street, Churchlands, Perth at an event here yesterday.

CYBERJAYA (May 15): Joyful Star Sdn Bhd, a subsidiary of Emkay Group Bhd, will sell part of its Star Central development in Cyberjaya to Kabaz Sdn Bhd for RM26 million.

SINGAPORE (May 15): EcoWorld Development Group Bhd (EcoWorld) celebrated the opening of its international EcoWorld Gallery @ Singapore today.