News about UN

MALAYSIAN Resources Corp Bhd (MRCB) is in the midst of appointing a party to administer the tender process for the sale of the Ascott Sentral Kuala Lumpur serviced apartments, as it is looking to unlock the value of the asset, say industry sources.

Petaling Jaya folks would probably know Damansara Utama (DU) as a busy commercial area with banks, cafés, restaurants and offices.

KUALA LUMPUR (Jan 27): Public IB Research said that squeezing into an ascending triangle for the past 3 months, Sunway Construction Group Bhd is poised for a potential breakout into new high territories as both bullish relative strength index and MACD indicators signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term.

PETALING JAYA (Jan 27): Sunsuria Bhd has opened Block B, the final block at The Olive condominium project at Sunsuria City in Salak Tinggi, Selangor, for sale following good response to the earlier blocks.

Sold for: RM1.

KUALA LUMPUR (Jan 26): Cycle & Carriage Bintang Bhd (CCB) is buying a piece of leasehold land together with a factory building located opposite the Bandar Malaysia project for RM59.

KUALA LUMPUR (Jan 25): Hua Yang Bhd announced it has acquired 36 million shares in Magna Prima Bhd, equivalent to a 10.

KUALA LUMPUR (Jan 25): The Federal Territories' Legasi Residensi Kampung Baru Affordable Homes under the Rumah Mampu Milik Wilayah Persekutuan (Rumawip) project here is expected to be ready by next year, according to a Bernama report yesterday.

AS the proportion of unprofitable property transactions surged from 9% (508 out of 5,433 matched transactions) in 2015 to 17% (1,002 out of 5,924 matched transactions) in 2016, the losses incurred by sellers climbed 62% from S$161 million to S$260 million over the same period.

THE Klang Valley has seen a slew of new landmarks and hangout spots such as the Empire Shopping Gallery, The Curve, and The Gardens over the past two decades.