Sunway REIT defensive amid challenging market conditions
Sunway Real Estate Investment Trust (Aug 17, RM1.
Sunway Real Estate Investment Trust (Aug 17, RM1.
PETALING JAYA (Aug 4): The Prince Hotel & Residence KL has been taken over by French hospitality group AccorHotels and rebranded as Pullman Kuala Lumpur City Centre Hotel & Residence.
PETALING JAYA (July 6): Tan Sri Tony Fernandes’ Tune Group has slashed the number of its Tune Hotels worldwide, ended its partnership with Bangkok-based Red Planet Hotels and put several of its assets up for sale, reports The Edge Malaysia in its current issue.
IPOH (June 17): Sunway City (Ipoh) Sdn Bhd has unveiled projects with a total gross development value of at least RM500 million for Sunway City Ipoh within the next three years.
Dubai’s Burj Al Arab Jumeirah was voted “Best Hotel in the World” in The Telegraph’s “Ultimate Luxury Travel Related Awards (Ultras)” for the third year in a row.
KUALA LUMPUR (May 27): Veritas Architects Sdn Bhd has been given the “Building of the Year” award for its Sinkeh Hotel refurbishment project in Georgetown, Penang, by the Malaysian Institute of Architects.
KUALA LUMPUR (May 18): Property developer Malton Bhd announced that its wholly-owned unit Domain Resources Sdn Bhd has received a letter of award for a RM208 million worth of contract from Harmoni Perkasa Sdn Bhd to build one block of Royale Pavilion Hotel, which is located along Jalan Bukit Bukit Bintang and Jalan Raja Chulan.
PETALING JAYA (April 29): Tune Hotels Group today announced of global expansion plans through new organisational functions in two main core approaches – brand, assets and capital markets, and development and hotel management.
KUALA LUMPUR (April 15): Residential properties priced between RM200,000 and RM500,000 will drive demand for housing this year, said Deputy Finance Minister Datuk Chua Tee Yong.