Development plan is for adjoining land, ashram unaffected, say trustees
KUALA LUMPUR (Dec 31): It was never our intention to demolish or build over the Vivekananda Ashram, but to develop the adjoining land, says trustee R Sri Skanda Rajah.
1MDB selling Bandar Malaysia stake for RM7.41b
KUALA LUMPUR (Dec 31): 1Malaysia Development Bhd (1MDB) is selling 60% of Bandar Malaysia Sdn Bhd to a consortium comprising Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC) for RM7.
Analysts say price for Intermark Mall purchase fair
KUALA LUMPUR (Dec 31): Analysts say Pavilion Real Estate Investment Trust (Pavilion REIT) is paying a fair price for Intermark Mall here, given that the commercial asset comes with a freehold strata title and is located on the fringe of the Golden Triangle.
Ho Hup ventures into quarrying in Melaka via acquisition
KUALA LUMPUR (Dec 31): Ho Hup Construction Co Bhd has gained entry into the granite quarrying business, via the acquisition of a company with quarrying rights, for RM2 million cash.
Pavilion REIT makes another acquisition after three months
Pavilion Real Estate Investment Trust (Dec 30, RM1.
PROPERTY SNAPSHOT 4: What's hot in Central City KL?
Here are the trends for price growth and indicative asking rental yields for non-landed residences in Central City Kuala Lumpur, excluding the KLCC area.
No choice but to reclaim land to fund transport plans in Penang, says Guan Eng
GEORGE TOWN (Dec 30): Over the past seven years, the DAP-led Penang government has had to endure criticism from various quarters over many of the changes introduced in the state.
Only World Group on acquisition trail
SHAH ALAM (Dec 30): Only World Group Holdings Bhd (OWG), which aims for a 50% growth in revenue this financial year ending June 30, 2016 (FY16), expects to seal an investment deal “in the next couple of months”.
Pavilion REIT’s renewal unlikely an issue
Pavilion Real Estate Investment Trust (Dec 29, RM1.
