Hunza Properties buys land in Penang for affordable housing
KUALA LUMPUR (Oct 20): Hunza Properties Bhd is acquiring a 3.
Minor-Khazanah tie-up to build RM243m Anantara resort in Desaru
Minor Hotel Group (MHG), the hospitality unit of Thailand-listed Minor International PCL, has teamed up with Khazanah Nasional Bhd’s Themed Attractions Resorts & Hotels Sdn Bhd (TAR&H) to develop a US$58 million (RM243 million) resort in Desaru, Johor.
Landlords rule as mainland Chinese firms continue setting up in Central Hong Kong
HONG KONG (Oct 20): Grade-A office rents in Central Hong Kong are expected to increase 10% this year and another 5% in 2016, due to sustained demand and low vacancy rates as recorded by Knight Frank in its Hong Kong Monthly Property Market Report for September 2015.
PR1MA mulling project takeovers for affordable housing schemes in Penang, Malaysia
(Oct 20): The federal government's Projek Rumah 1Malaysia (1Malaysia Housing Project) or PR1MA in Penang may see the take over of projects by other developers, Penang Federal Action Council chairman Datuk Seri Zainal Abidin Osman said today.
Best Western launch first Vīb hotel in Southeast Asia
BANGKOK (Oct 20): Best Western Hotels & Resorts has unveiled the first Vīb hotel, its new lifestyle boutique brand, in Vientiane, Laos.
Mah Sing to launch affordable homes in Rawang
PETALING JAYA (Oct 20): In an initiative to make home ownership more affordable for the lower income group, Mah Sing Group will be hosting an event for members of the public to register their interest in purchasing a unit of Cendana Apartments, a Rumah Selangorku project, at M Residence 2 @ Rawang.
WCT pays 1MDB RM223 million @ RM3,100 psf for TRX land
GEORGE TOWN (Oct 20): 1MDB Real Estate Sdn Bhd (1MDBRE) yesterday awarded WCT Holdings Bhd a RM754.
PROPERTY SNAPSHOT 2: What’s affordable in Ampang?
East of Kuala Lumpur city, the Ampang municipality of Selangor is one of the Klang Valley’s oldest ’hoods .
GUH plans to launch RM400 mil high-end residential project in Seremban next year
GEORGE TOWN: GUH Holdings Bhd plans to reduce its reliance on the revenue contribution of its core business of printed circuit board (PCB) — which is used in a range of electronic devices like refrigerators to audiovisual equipment — by 30% in the next five years, by shifting its focus to property development and public utility for more stable income streams.
Perak’s D Mall and D Hotel attract bids up to RM130m
KUALA LUMPUR: A two-year-old mall-cum-hotel in Bandar Seri Iskandar, Perak has captured the attention of investors, including a listed real estate investment trust (REIT), sources said.
