News about er

We continue our focus on Central City Kuala Lumpur (excluding the KLCC area) by looking at average prices on a per square foot (psf) basis.

KUALA LUMPUR (Dec 30): Pavilion Real Estate Investment Trust (Pavilion REIT) is buying The Intermark Mall, which forms part of The Intermark mixed-use development located at the crossroads of Jalan Ampang and Jalan Tun Razak here, for RM160 million cash, which will be fully funded through debt.

GEORGE TOWN (Dec 29): The federal government should approve the Penang Transport Master Plan so that the state government cannot use it as a "political gimmick" to raise public outcry, says Penang state exco Chow Kon Yeow (pictured).

KUALA LUMPUR (Dec 29): Save Vivekananda Ashram Brickfields committee will hold a candlelight vigil tomorrow to protest the ashram board of trustees' application for a judicial review to void the decision to declare the ashram a heritage site.

GEORGE TOWN (Dec 29): Green groups are right to be worried about new land reclamation projects on the southern part of Penang island due to bad experiences with previous ones on the north side, even as the Penang government seeks to assuage residents’ fears.

GEORGE TOWN (Dec 29): There are mixed feelings among Penang folk about land reclamation, especially the latest plan to create man-made islands off the southern coast of the island to finance the RM27 billion Penang Transport Master Plan (PTMP).

Eversendai Corp Bhd (Dec 28, 79 sen) Downgraded from hold to sell with a target price of 82 sen: The consortium of Samsung C&T Corp and UEM Group Bhd has secured the KL118 Tower project from the project owner, Permodalan Nasional Bhd, at a contract sum of RM3.

KUALA LUMPUR (Dec 29): Mah Sing Group Bhd will be receiving RM35.

  While addresses in Central City Kuala Lumpur carry less prestige than KLCC ones (analysed in a separate article), most properties here still fall into the high-end segment.

Penang's George Town has been named among the 16 "must-see" destinations for 2016 by the Los Angeles Times.