Sunway sells hotel property to Sunway REIT
KUALA LUMPUR (Aug 4): Sunway Bhd is disposing of its Sunway Clio property to Sunway Real Estate Investment Trust (Sunway REIT) as it wants to eliminate any conflict of interest with regard to the property.
Largest resort in Port Dickson Lexis Hibiscus Port Dickson officially opens
PORT DICKSON (Aug 1): Hotel resort Lexis Hibiscus Port Dickson saw its official opening yesterday.
MACC arrests former FIC CEO over London hotel purchase
KUALA LUMPUR (Aug1): The Malaysian Anti-Corruption Commission (MACC) yesterday arrested the former chief executive officer of Felda Investment Corp (FIC) to assist in the probe into the purchase of a hotel in Kensington, London, Bernama reported.
The RuMa Hotel targets to open for business in 2Q2018
PETALING JAYA (July 28): Jointly developed by Ireka Corp Bhd and Aseana Properties Ltd, The RuMa Hotel and Residences at Jalan Kia Peng, Kuala Lumpur is due to open for business in 2Q2018, said Ireka in a statement today.
Two ex-real estate execs arrested in connection with Felda's London hotel purchase
(July 22): Two ex-real estate executives who were involved in Felda Investment Corporation's (FIC) purchase of the four-star Kensington Hotel in London have been arrested by the Malaysian Anti-Corruption Commission (MACC).
Rahim & Co celebrates 40 years in property consultancy
PETALING JAYA (July 21): Property consultancy firm Rahim & Co International Sdn Bhd has recently hosted an anniversary dinner at Shangri-la Hotel Kuala Lumpur to celebrate 40 years of business in the property industry.
Yong Tai active, up 3.57% on condotel plan
KUALA LUMPUR (July 18): Property developer Yong Tai Bhd’ shares rose 3.
Ascott group acquires additional 60% stake in Quest Apartment Hotels for S$191 mil
SINGAPORE (July 5): The Ascott, a wholly owned subsidiary of CapitaLand, this morning announced that it is acquiring an additional 60% stake in Quest Apartment Hotels for A$180 million (S$191 million or RM594 million).
