Prasarana eyes potential REIT spin-off

KUALA LUMPUR (April 1): Prasarana Malaysia Bhd, which targets to turn profitable in the second half of next year, said it is looking at spinning off some of its assets into a real estate investment trust (REIT) and pare down its debt.

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Royale Pavilion Hotel to be unveiled in 2Q2017

KUALA LUMPUR (March 30): Construction of the Royale Pavilion Hotel Kuala Lumpur has progressed to 80%, with its opening set for the second quarter of next year, according to developer Harmoni Perkasa Sdn Bhd (HPSB) director Datuk Lee Tuck Fook.

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Intuitive style

A number of houses in Kuala Lumpur’s Bukit Persekutuan boast a unique orientation — the top floor is at street level, and the bedrooms are downstairs.

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UMLand plans to launch The Apex bungalow in Bangi

BANGI (March 28): United Malayan Land Bhd (UMLand) will be unveiling The Apex bungalow project, which has a gross development value (GDV) of RM289 million, at Putra Hill Residency, Bangi, in June this year, according to UMLand chief managing director Dennis Ng.

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