Klang Valley expects 4 mil sq ft of retail space in 2015
KUALA LUMPUR (June 3): The Klang Valley will welcome four million sq ft of retail space in 2015, according to the “Savills Malaysia Retail Report Newsflash” June 1.
Tony Tiah tightens grip on TA Global
KUALA LUMPUR: TA Global Bhd executive chairman Datuk Tony Tiah Thee Kian has continued to accumulate shares in the firm over the past two months, raising his direct stake in the company to 12.
PROPERTY SNAPSHOT What are projects priced in Kerinchi/Pantai?
• Today, we look at the prices of projects in the Kerinchi, Pantai and Bangsar South areas on a per square foot (psf ) basis.
After 15 years, Plaza Rakyat revival plans in final stages
KUALA LUMPUR (June 2): Kuala Lumpur City Hall (DBKL) is in the final stages of discussing plans to revive the Plaza Rakyat project in Jalan Pudu with Profit Consortium Sdn Bhd, the developer appointed to take over the long-abandoned building and give it a new lease of life.
Hua Yang on track to build high-rise mixed-use development RM800 mil project in Selayang
KUALA LUMPUR (June 2): Hua Yang Bhd is on track to begin construction of a high-rise mixed-development project in Selayang with a gross development value (GDV) of RM800 million after shareholders passed the ordinary resolution that will give effect to the proposed acquisition of a piece of land measuring 8.
Ewein incorporates unit in anticipation of next job
KUALA LUMPUR (June 2): Ewein Bhd, which is looking to bag the next parcel of land Consortium Zenith BUCG Sdn Bhd (CZBUCG) will be offering in Bandar Tanjong Pinang, Penang for development, is incorporating a new 60%-owned subsidiary called Ewein Zenith II Sdn Bhd in anticipation of the proposed project.
TA Global commences arbitration proceedings
KUALA LUMPUR (June 2): TA Global Bhd’s (TAG) wholly-owned unit Crystal Caliber Sdn Bhd (CCSB) has commenced arbitration proceedings against Saudi royalty-owned Kingdom Hotel Investments (KHI), following a dispute between the parties relating to the breach of the sale and purchase agreement (SPA) dated April 25, 2012, concerning a resort property in Thailand.
PROPERTY SNAPSHOT What’s affordable in Kerinchi/Pantai?
• The landscape in Kerinchi, Pantai and Bangsar South is quite diverse in terms of product offerings and prices.
Five joint-venture townships worth RM10 bil planned for Selangor
KUALA LUMPUR (June 1): Selangor’s newly incorporated sovereign wealth fund, Darul Ehsan Investment Group Sdn Bhd (DEIG), will be developing five townships in Selangor with a total gross development value (GDV) of RM10 billion, according to a report in The Edge Financial Daily today.
The unglamorous side of property investment
Property is widely considered a reliable investment when stocks plummet, bonds underperform and funds fall on rough ground.
