DONE DEAL: Light industrial lot in Bayan Lepas, Penang
Rented for: RM20,000 a month Concluded by: Jerome Eng Sitt Tatt (E 2316) of CBD Properties (Penang) Sdn Bhd (012-419 9298) When: October 2016 Noteworthy: ● Leasehold ● 1.
Living it up in LA
Luxury hotel operator Fairmont Hotels & Resorts, now part of the AccorHotels Group, has announced the signing of definitive agreements for the revitalisation and management of the historic Century Plaza Hotel, located in the heart of Century City in Los Angeles.
Ascendas Hospitality Trust posts 13.1% higher 3Q DPS of 1.64 cents
SINGAPORE (Jan 26): Ascendas Hospitality Trust saw DPS grow 13.
Indoor plants that you can’t ‘kill’ easily
IT’S nice to have small pots of plants in your house or at your desk in the office.
Run a home-sharing business at your own risk
EVER since the emergence of home-sharing start-ups, many property owners have been getting in on the home-sharing economy by converting their homes, be they houses or apartments, into short-term rental stays.
More than a designer
MEETING Dutch designer extraordinaire Piet Boon can be intimidating since he literally stands head and shoulders above many.
Natural air fresheners from mother earth
THOUGH the market offers numerous quick fixes for every problem, from indigestion to removing rust, at a certain price of course, most remedies can be found at a mere fraction of the cost of the commercial ones.
DONE DEAL: 1-storey factory office, Bayan Lepas, Penang
Rented for: RM58,000 a month (average RM2 psf) Concluded by: Roy Lim (REN 08368) of Khoo Associates Realty (012-431 1122) When: Sept 28, 2016 Noteworthy: ● Leasehold ● Located in Bayan Lepas Free Industrial Zone Phase 1 ● Built-up size: 50,000 sq ft of which 29,000 sq ft was rented ● Located about 4km away from Penang International Airport and Penang Second Bridge, 18km away from Georgetown, and 11km away from Penang Bridge.
Disruptive trends in the building and property industry
When Spotify emerged in 2006, music distribution businesses were sorely affected — after all, who would buy digital music for RM2 apiece when you could get it for free on Spotify? Then came Airbnb, which put a dent in the global hotel industry because now every home can double up as a hotel too.
Penang wants upgraded main drains for new development projects
GEORGE TOWN (Nov 18): Developers of new developments in the city will be required to upgrade the main drain in their development areas to solve the flash floods problem in the state.
