SINGAPORE-listed property firm UOL Group Ltd, which owns and operates the Parkroyal and Pan Pacific brands, will see its hospitality portfolio in Malaysia grow in the next two to three years as it adds two new hotels and expands an existing hotel asset in Kuala Lumpur.
• Today, we look at price growth and indicative rental yields for non-landed homes in Bukit Jalil, Kuala Lumpur.
PETALING JAYA (June 1): UOA Hospitality Sdn Bhd (UOA Hospitality), a unit of UOA Development Bhd, has inked a memorandum of understanding (MoU) with Hubei Chutian Media & Hotel Investment Management Co Ltd (Hubei Chutian) for a long-term partnership that involves resource sharing, complementary advantages and exploration of new markets, UOA Hospitality announced in a media statement today.
• Today, we continue our focus on Bukit Jalil by looking at average prices on a per square foot (psf) basis.
PETALING JAYA (May 31): Property developer Sunsuria Bhd is in a 60:40 JV (joint development) collaboration with Welcome Global Co Ltd, a wholly-owned subsidiary of Ever Rich Land Co Ltd to develop an 8.
• Non-landed residential property indices in Bukit Jalil appear affordable.
KUALA LUMPUR (May 30): EcoFirst Consolidated Bhd is marking the start of its expansionary phase, after over five years of restructuring efforts, with the launch of the first phase of its RM3 billion gross development value (GDV) Ampang Ukay development targeted for next month.
• This week, the spotlight falls on the secondary market of non-landed residences in Bukit Jalil, Kuala Lumpur.
KLANG (May 27): WCT Holdings Bhd is looking to sell off some assets to raise more than RM500 million, the proceeds of which it expects to use to reduce its net gearing to 0.
KUALA LUMPUR (May 27): The federal government will bear the land acquisition cost totalling RM2.
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