Highland Towers name will remain after redevelopment
KUALA LUMPUR (March 19): The name Highland Towers will be retained even after the land is redeveloped, said Housing and Local Government Minister Zuraida Kamaruddin.
CapitaLand REIT is reportedly eyeing office tower owned jointly by Malaysia and Singapore state funds
KUALA LUMPUR (March 19): CapitaLand Commercial Trust, Singapore’s biggest office landlord, is among suitors pursuing a potential acquisition of the Duo office and retail development in the lion city, according to sources with knowledge of the matter.
R&F Mall Johor Bahru opens March 28
JOHOR BAHRU (March 18): R&F Mall Johor Bahru, part of the R&F Princess Cove development here is preparing for its soft opening on March 28.
HK trains collide for the first time ever
HONG KONG (March 18): For the first time in almost four decades, two subway trains in Hong Kong collided.
AG: Absurd for Najib to claim breach of natural justice
PUTRAJAYA (March 18): Attorney General Tommy Thomas denied that there was a breach of natural justice on former premier Datuk Seri Najib Abdul Razak, as claimed by his lead counsel in the SRC International Sdn Bhd case.
Matrix Concepts' launch of Indonesian development a positive move, say analysts
KUALA LUMPUR (March 18): Matrix Concepts Holdings Bhd's launch of its Icon Twin Towers in Jakarta's Islamic Financial District (IFD) in the second half of 2019 (2H19) has been seen as a positive development by analysts.
All govt affordable housing to be built with IBS, says Zuraida
NILAI (March 16): All government affordable housing projects would be built using the industrialised building system (IBS) technology by 2024, said Housing and Local Government Minister Zuraida Kamaruddin.
Manulife Asset Management projects flattish yields in Malaysian REITs market
KUALA LUMPUR (March 16): Manulife Asset Management Services Bhd (MAMSB) expects the Malaysian real estate investment trust (REIT) market to remain flattish this year, with yields of around 4%-5% due to an oversupply of the instrument in the market.
Over 32,000 meatballs sold on IKEA Batu Kawan’s opening day
PENANG (March 16): Thousands thronged IKEA Batu Kawan in Penang on its opening day on March 14, and gobbled up over 32,000 of the Swedish retailer’s famous Swedish meatballs.
Boustead goes ahead with Royale Chulan Hotel sale, two weeks after Mindef said it wasn't a done deal
KUALA LUMPUR (March 15): Boustead Holdings Bhd inked a sale and purchase agreement (SPA) today with Singapore's Hotel Royal Ltd to sell its Royale Chulan Bukit Bintang Hotel for RM197 million, cash, just over two weeks after the Ministry of Defence (Mindef) said the sale wasn't a done deal.
