News about ho

GEORGE TOWN (Dec 23): The Penang government has refuted a federal minister’s claims that the state has failed to comply with the law in preparation of relevant environmental impact studies for the RM46 billion Penang Transport Master Plan (PTMP), saying such claims were “premature” as the reports have yet to even be submitted to Putrajaya.

GEORGE TOWN (Dec 22): Gamuda Bhd-led SRS Consortium will submit all three detailed environmental impact assessments (DEIAs) for land reclamation, Pan Island Link highway and rail links, as part of the RM46 billion Penang Transport Master Plan (PTMP), to the Department of Environment (DOE) by the second week of 2017.

KUALA LUMPUR (Dec 21): Mitrajaya Holdings Bhd has bagged a RM159.

KUALA LUMPUR (Dec 21): Amcorp Properties Bhd (AmProp) is planning to venture into the Hong Kong property market via a tie-up with Grosvenor Asia Pacific Ltd.

KUALA LUMPUR (Dec 20): Boustead Holdings Bhd is buying multiple pieces of leasehold commercial land measuring a collective 10.

PETALING JAYA: The world’s most important, influential and interconnected cities with the deepest pools of firms and talent continue to command the highest office occupation costs, with Hong Kong topping the chart of global real estate firm JLL’s Premium Office Rent Tracker.

The Selangor state government, in its effort to meet the current demand for affordable housing, has recently issued a mandate to property developers in Selangor to allocate up to 30% of their serviced apartment, Small-office Home-office (SoHo), Small-office Versatile-office (SoVo) and Small-office Flexible-office (SoFo) developments to affordable units, depending on property type and location.

PETALING JAYA (Dec 16): Mah Sing Group Bhd’s group managing director Tan Sri Leong Hoy Kum with his team were one of the first few riders of the MRT service that started operations today.

Rented for: RM58,000 a month (average RM2 psf) Concluded by: Roy Lim (REN 08368) of Khoo Associates Realty (012-431 1122) When: Sept 28, 2016 Noteworthy: ● Leasehold ● Located in Bayan Lepas Free Industrial Zone Phase 1 ● Built-up size:  50,000 sq ft of which 29,000 sq ft was rented ● Located about 4km away from Penang International Airport and Penang Second Bridge, 18km away from Georgetown, and 11km away from Penang Bridge.

SINGAPORE (Dec 15):  DBS Group Research says Frasers Hospitality Trust is in a stronger position to pursue acquisition opportunities, following its recent pre-emptive rights issue.