GuocoLand 3Q net profit surges sixfold, lifted by disposal gains
KUALA LUMPUR (April 23): GuocoLand (Malaysia) Bhd reported an almost six-fold increase in its net profit to RM55.
Supply of new hotels on the rise in Malaysia
PETALING JAYA (April 17): Thirty new hotels were completed last year, adding a further 5,777 rooms to the sector in 2017, over 50% more than the 3,733 new rooms introduced in 2016, said the Valuation and Property Services Department’s (JPPH) “Malaysian Property Market Report 2017”.
Bio Osmo up 40% on proposed hotel buy from major shareholder
KUALA LUMPUR (April 13): Bio Osmo Bhd shares rose as much as two sen or 40% to seven sen on news substantial shareholder Datuk Seri Farouk Abdullah is proposing to inject hotels currently parked under his private vehicles into Bio Osmo under a cash and share deal.
Airbnb stays in Amsterdam up by 25% in 2017 despite curbs
PETALING JAYA (March 16): Overnight stays in Amsterdam (pictured) booked via the Airbnb platform rose by 25% in 2017 despite limits on the number of days owners may list their properties and other requirements, reported Reuters.
60 premises in Negeri Sembilan do not have fire certificates
SEREMBAN (Feb 2): The Negeri Sembilan Fire and Rescue Department has revealed that 60 premises in the state were not issued with fire certificates last year, Bernama reported today.
One Crown Place to open luxury hotel in 2020
PETALING JAYA (Jan 30): One Crown Place, a mixed-use development in London developed by the Malaysian infrastructure conglomerate AlloyMtd Group, will open a luxury hotel in early 2020 within a restored Georgian terrace built in the 1800s, said adviser CBRE Group Inc in a statement today.
Sheraton Petaling Jaya opens its doors
PETALING JAYA (Oct 20): Sheraton Hotels and Resorts has opened the Sheraton Petaling Jaya at Jalan Utara, next to the Pinnacle Petaling Jaya shopping mall.
Sunway to buy more land
KUALA LUMPUR (Sept 13): Sunway Bhd is looking to acquire more land with good connectivity to new public infrastructure for transit-oriented development (TOD), said the managing director of its property division for Malaysia and Singapore, Sarena Cheah.
The Datai Langkawi closes for 10-month restoration project
LANGKAWI (Sept 6): The Datai Langkawi forest and beach resort, which is just a year shy of its silver anniversary, has closed its doors yesterday for a 10-month restoration project, said its operator in a statement.
Isa Samad gives statement at MACC over FIC hotel purchases
KUALA LUMPUR (Aug 15): Former Felda chairperson Mohd Isa Abdul Samad was at the Malaysian Anti-Corruption Commission (MACC) headquarters in Putrajaya today, most likely to give a statement on the purchase of hotels by Felda Investment Corp (FIC), Bernama reported today.
