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.
KUALA LUMPUR (Jan 27): Malaysian Resources Corp Bhd’s (MRCB) memorandum of understanding (MoU) with Wondrous Vista Development Sdn Bhd and IWH CREC Sdn Bhd to collaborate with each other to develop an integrated transportation terminal in Bandar Malaysia has lapsed.
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.
SINGAPORE (Jan 24): Banyan Tree Holdings and China Vanke Co have agreed to create Banyan Tree China (BTC), a new joint venture between Banyan Tree and Vanke, to consolidate the ownership of Banyan Tree-branded hotels and assets in China.
KUALA LUMPUR (Jan 24): Having successfully diversified into the construction business, timber products company NWP Holdings Bhd is venturing into property development too.
PETALING JAYA (Jan 23): Eco World Development Group Bhd (EcoWorld) has entered into a joint venture with the Employees Provident Fund Board (EPF) to develop a 375-acre tract in Batu Kawan, Penang.
PETALING JAYA (Jan 23): China has hit record sales of US$33 billion (RM146.
Sold for: RM838,000 (RM520 psf) Concluded by: Nelson Leong (REN 15269) of Cornerstone Realty (012-813 1889) When: August 2016 Noteworthy: ● Freehold ● 1,610 sq ft ● Corner unit ● 3+1 bedrooms and 3 bathrooms ● Bathtub in master bathroom ● Accessible via LDP, Sprint Expressway, MRR2 and NKVE Developed by Land & General Bhd (L&G), Damansara Foresta is a freehold development located in Bandar Sri Damansara.
KUALA LUMPUR (Jan 19): Bank Negara Malaysia (BNM)'s decision today on the overnight policy rate (OPR) is a toss-up between the country's inflation rate and the risk of capital outflows, said Standard Chartered Bank Malaysia Bhd.
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