PR1MA, Zecon plan Sarawak JV

KUALA LUMPUR (Aug 15): Zecon Bhd signed a heads of agreement (HoA) with PR1MA Corp Malaysia for a proposed residential property development within an estimated 22ha (54.

READ MORE

IGB to sell Renaissance KL for RM765 mil

KUALA LUMPUR (Aug 15): IGB Corp Bhd announced a proposed disposal of Renaissance Kuala Lumpur Hotel (Renaissance KL) (pictured) by Great Union Properties Sdn Bhd, a wholly-owned subsidiary of IGB to Ventura International Sdn Bhd for RM765 million.

READ MORE

‘Renaissance KL deal likely to be sealed this week’

KUALA LUMPUR (Aug 15): After more than a decade of seeking, property developer cum hotel owner and operator, IGB Corp Bhd, has finally found a buyer for its 910-room Renaissance Kuala Lumpur (pictured), and a sale and purchase agreement for the biggest ever hotel deal is expected to be inked as early as today, sources say.

READ MORE

Understanding home loans

WITH Bank Negara Malaysia (BNM) having cut the overnight policy rate (OPR) by 25 basis points to 3% from July 13, 2016, some major banks have reduced their base rates (BR) and base lending rates (BLR).

READ MORE