News about ST

PETALING JAYA (March 11): Best Western Plus Kuching – international hotel operator Best Western Hotels & Resorts’ first foray into Sarawak’s capital – is expected to open in 2018, it said in a press release today.

KUALA LUMPUR (March 11): Real estate negotiators must be prepared to tell their clients to buy properties further away from the city centre, said Axis REIT Managers Bhd head of investments Siva Shanker.

PETALING JAYA (March 11): Mitraland Group plans to officially launch its Melbourne high-rise residential project Esque South Yarra by early April this year in Melbourne.

2015 was indeed a challenging year for the market due to several internal and external issues, such as the implementation of the Goods and Services Tax (GST), the weakened ringgit, political uncertainty, and property market cooling measures, resulting in poor consumer sentiment.

KUALA LUMPUR (March 10): Luster Industries Bhd is collaborating with Koperasi Hartanah Malaysia Bhd (Kohama) to build 106 units of affordable houses within the Taman Tasik 1 Malaysia development in Pengkalan Hulu, Perak.

SEMENYIH (March 9): About 85% of Karisma apartments – a project by Eco World Development Group Bhd (EcoWorld) – were taken up since its launch on Feb 21 this year, according to the company.

PETALING JAYA (March 9): The Malaysian property market is expected to see some signs of recovery by this year-end, supported by an improving local economy and market sentiment.

PETALING JAYA (March 9): The Goods and Services tax (GST) which was introduced in April last year has reduced demand for commercial properties in the market due to the additional 6% cost that buyers have to pay, said Real Estate and Housing Developers’ Association Malaysia (Rehda) deputy president Datuk Soam Heng Choon.

PETALING JAYA (March 9): Almost 70% of 159 respondents to the Real Estate Housing Developers Association of Malaysia (Rehda) property industry survey 2H2015 remained pessimistic on the property market for 1H2016.

KUALA LUMPUR (March 9): Total Sports Asia (TSA), a pioneer in the sports marketing industry in Asia, has been appointed by Malaysia Stadium Corporation (PSM) to strategise and oversee the commercialisation of Kuala Lumpur Sports City (KL Sports City), which will include the redevelopment of Bukit Jalil National Sports Complex.