Chin Hin founder Chiau Beng Teik ceases to be substantial shareholder in NCT Alliance
Following the disposal, Chiau’s shareholding in NCT has fallen to 74.
IOI Properties plans more industrial parks as it eyes 20% revenue contribution from the segment
IOI Properties group chief operating officer Teh Chin Guan: "With three industrial parks, including one under planning, in industrial growth areas such as Johor, Selangor and Melaka, I am confident that the launch of the IOI Industrial Park series readily positions the group as one of the premiere industrial developers in the country.
Hextar Technologies in talks to sell five industrial plots to Widad
The freehold plots, measuring 56,231 sq m, are free from encumbrances and only meant for industrial purposes (warehouse).
KSW Group opens The Commune Lifestyle Mall in Kulai, Johor, to public
Spread across four acres, the three-storey mall has a total net lettable area of 200,000 sq ft.
Concorde Hotel Kuala Lumpur not for sale, says chairman
A news report last week revealed that Concorde Hotel Kuala Lumpur is up for sale at nearly RM700 million, along with the adjacent land.
Suria Capital signs JV agreement for Jesselton Docklands 2 mixed commercial project in Kota Kinabalu
The Jesselton Docklands 2 project is part of the broader Jesselton Waterfront City plan, which includes tourism and commercial features connected to key landmarks such as Jesselton Quay and the Sabah International Convention Centre.
Malaysia's first luxury airport transit hotel CapsuleTransit MAX opens at KLIA Terminal 2
CapsuleTransit MAX (short for Malaysia's Authentic eXperience) can rival any five-star hotel with its 46 premium beds, a lounge, a spa and a fully equipped gym.
Sales gallery for Radium Arena @ Old Klang Road officially opened
With a gross development value (GDV) of approximately RM550 million, Radium Arena also recently earned the Provisional GreenRE Certification (Gold) for its sustainable design and innovative green features.
Mapletree Logistics Trust to divest three Malaysian properties for RM157.5m
According to the trust, the proposed divestments are in line with the manager’s strategy to “rejuvenate” its portfolio through selective divestments SINGAPORE (Sept 10): Mapletree Logistics Trust (MLT) has proposed to divest three of its properties in Malaysia for RM157.
Marriott International plans to open 20 hotels across Malaysia in the next five to 10 years
Some of these hotels include The Millen in Penang, which is slated to open later this year; Iconic Marjorie Hotel in Penang, via a franchise agreement with Iconic Penang Sdn Bhd, to open by year end; Sheraton Johor Bahru in Johor in 2025; and The Westin in Penang, via a collaboration with Westfield Global Sdn Bhd, in 2026.
