PETALING JAYA (April 1): Sunway Hotels & Resorts, the hospitality arm of property-construction conglomerate Sunway Group, will invest RM875 million to facilitate the redevelopment and expansion of its hotels across Malaysia, Cambodia and Vietnam.
KUALA LUMPUR (April 1): Aseana Properties Ltd, a London-listed property developer in which Ireka Corp Bhd has a 23% stake, is selling the Aloft Kuala Lumpur Sentral Hotel in Malaysia to Prosper Group Holdings Ltd for RM418.
KUALA LUMPUR (March 30): Although Kuala Lumpur City Hall (DBKL) has restricted approvals to develop new hotels, luxury apartments and office developments, the authorities will still allow applications for selected mixed commercial developments, said Federal Territories Minister Tengku Adnan Tengku Mansor.
PUTRAJAYA (March 29): Putrajaya Holdings Sdn Bhd’s Aura Residence in Precinct 8 here has seen 70% of its 360 units sold since it was launched in November 2014, said marketing general manager Sabariah Ramli.
PETALING JAYA (March 23): Binastra Land Sdn Bhd, a wholly-owned subsidiary of Binastra Group, is in talks with AccorHotels Group to bring in a new hotel brand to its upcoming mixed development ION at Jalan Sungai Besi, said Binastra Land executive director Datuk Ong Theng Soon.
KUALA LUMPUR (MARCH 18): Specialist commercial real estate sector has become an established favourite of ultra-high net wealth individual (UHNWI) investors over the past decade, according to international property consultancy Knight Frank.
PETALING JAYA (Mar 13): The 2016 Sony World Photography Awards has shortlisted the submissions for its competition, which include some stunning architectural photography.
KUALA LUMPUR (March 9): KSK Land Sdn Bhd’s (KSK Land) Kempinski Hotel at its 8 Conlay development here was recognised by the Ministry of Tourism and Culture (MOTA) as an Entry Point Project (EPP) under the tourism National Key Economic Areas (NKEA) in Malaysia’s Economic Transformation Programme (ETP).
• Today, we look at price growth and indicative asking rental yields for non-landed residences in the district of Brickfields.
• Today, we continue our focus on Brickfields by looking at average prices on a per square foot (psf) basis.
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