Hap Seng buys Kuala Selangor plots for RM228.75 mil
KUALA LUMPUR (June 16): Hap Seng Consolidated Bhd is buying 36 parcels of freehold agricultural land with an aggregate land size of 1,449.
KL office market still lacklustre
THE office market in Kuala Lumpur and beyond KL (Selangor) remained mostly static and unglued in the first quarter of the year, in the light of the slowing local economy, and the situation looks set to continue for the rest of the year.
Len Cheong turns to property development
KUALA LUMPUR (June 13): Melaka-based furniture maker Len Cheong Holding Bhd, which has just chalked up six months of profit on foreign-exchange (forex) gains and improved sales after over five quarters in the red during which overseas demand declined for its rubberwood furniture, may appear to have curious timing to observers.
Magna Prima to buy Shah Alam land for condo project
KUALA LUMPUR (June 10): Magna Prima Bhd’s wholly-owned unit Magna City Shah Alam Sdn Bhd (MCSASB) plans to buy a piece of leasehold land measuring 5.
Growth amidst a slowdown
WHILE many continue to be cautious about the property market due to the weak market sentiment over the past two years and while lending guidelines remain tight, investors may be encouraged to know that there are some condominiums selling below RM500,000 that saw double-digit capital growth last year on the secondary market.
BAT sells PJ factories and land for RM218 mil
KUALA LUMPUR (June 9): British American Tobacco (M) Bhd (BAT) is disposing of its factories and two parcels of leasehold land measuring 5.
High Court allows EKVE developer to be intervenor
KUALA LUMPUR (June 8): The High Court here yesterday allowed an application by the developer of the East Klang Valley Expressway (EKVE) project to be an intervenor in a lawsuit by three environmental organisations to challenge the Selangor Forestry Department’s decision to close Taman Rimba Ampang (Ampang Forest Park) to make way for the project.
Mammoth to sell Empire Shopping Gallery at the right price
PROPERTY developer cum owner and operator of hotels and malls Mammoth Empire Holdings Sdn Bhd (MEH) is ready to divest Empire Shopping Gallery in Subang Jaya, Selangor, should it receive a desirable and concrete offer.
AZRB: Environmentalists’ protests against EKVE has not hindered construction work
KUALA LUMPUR (June 1): Protests by environmental groups against the East Klang Valley Expressway (EKVE) project have not disrupted the construction work which is progressing according to schedule, said the project’s concessionaire Ahmad Zaki Resources Bhd (AZRB).
