Bill for PTMP could exceed RM27b
GEORGE TOWN (Jan 8): The final cost of the Penang Transport Master Plan (PTMP) could balloon to more than the estimated RM27 billion once all the plans — including for the elevated rail system alignment — and the relevant detailed studies are completed, with federal approvals obtained.
Sub-sale and auction market to dominate in 2016
KUALA LUMPUR: The sub-sale and auction property market are expected to dominate transactions in a challenging market this year, said managing director, CEO and founder of IM Global Property Consultants Sdn Bhd, Ishak Ismail.
Cautious stance on residential market
KUALA LUMPUR (Jan 8): It looks to be another challenging year for the property market, especially the residential sector.
GuocoLand signs AccorHotels as hospitality managers in Singapore, Kuala Lumpur
SINGAPORE (Jan 6): GuocoLand Ltd and AccorHotels have signed a deal for the management of GuocoLand’s two newly-built hotels: the Sofitel Singapore City Centre at Tanjong Pagar Centre, Singapore, and the Sofitel Kuala Lumpur Damansara at Damansara City, Kuala Lumpur.
1MDB details Bandar Malaysia deal after receiving flak over discrepancy
KUALA LUMPUR (Jan 6): As 1Malaysia Development Bhd (1MDB) received flak over its statement that the sum it quoted under the Bandar Malaysia deal is subject to revision, the state investment fund further clarified today aspects of the deal with the consortium of Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC).
Mah Sing sets 2016 sales target at RM2.3 bil
KUALA LUMPUR (Jan 6): Mah Sing Group Bhd announced their sales target of RM2.
EcoWorld’s FY16 earnings expected to grow 183%
Eco World Development Group Bhd (Jan 5, RM1.
UEM Edgenta ventures into township management
ABOUT three weeks ago, UEM Edgenta Bhd (formerly Faber Group Bhd) forked out RM128 million in cash and shares for an 80% stake in privately held KFM Holdings Sdn Bhd, a company largely known for being a facility management outfit.
European offices record positive performance, buoyed by economic recovery
KUALA LUMPUR (Dec 5): European cities' office market has seen a 21% increase in take-up rates year-on-year (YoY) in 3Q2015, according to global real estate services provider Savills' market report on European offices for the period under review.