Co-Prosperity increases stake in Yong Tai to 31.34%

PETALING JAYA (Aug 2): Tourism and cultural property developer Yong Tai Bhd has seen its major shareholder Co-Prosperity Holdings Ltd increase its stake in the former via a private placement exercise ahead of the Impression Melaka theatre’s scheduled opening in February 2018.

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Melawati Mall targets 80% occupancy by year end

  PETALING JAYA (July 27): Melawati Mall in Taman Melawati, Kuala Lumpur opened its doors yesterday to serve an estimated 740,000 residents in the surrounding neighbourhoods which include Taman Melawati, Taman Melati, Wangsa Maju, Bukit Antarabangsa, Ukay Heights, and Kemensah Heights.

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One Bukit Senyum granted node status by MoF and IRDA

PETALING JAYA (July 26): Astaka Holdings Ltd has announced that Johor’s upcoming administrative and commercial hub One Bukit Senyum has been granted node status by the Ministry of Finance and the Iskandar Regional Development Authority (IRDA).

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UPDATE Single authority for property market

KUALA LUMPUR (July 26): The government is looking into establishing a single authority to monitor Malaysia’s property market, amid issues of supply and demand mismatch within the affordable housing segment.

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