News about i

KUALA LUMPUR (Oct 21): IOI Properties Group Bhd rose as much as eight sen or 4% on a proposed land deal with controlling shareholder Tan Sri Lee Shin Cheng's family.

  SINGAPORE (Oct 21): Malaysia’s first Pan Pacific Serviced Suites, a joint venture by Singapore-based real estate developers Pacific Star and DB2 under their joint member company Pearl Discovery Development Sdn Bhd, is scheduled to open in early 2018 at Puteri Harbour in Nusajaya, Iskandar Malaysia.

LONDON (Oct 20): Battersea Power Station Development Company (BPSDC) and art’otel have confirmed the signing of a hotel management agreement for the art’otel london battersea power station, which is scheduled to open in 2019 in the heart of London.

KUALA LUMPUR (Oct 20): Hunza Properties Bhd is acquiring a 3.

Minor Hotel Group (MHG), the hospitality unit of Thailand-listed Minor International PCL, has teamed up with Khazanah Nasional Bhd’s Themed Attractions Resorts & Hotels Sdn Bhd (TAR&H) to develop a US$58 million (RM243 million) resort in Desaru, Johor.

KUALA LUMPUR (Oct 20): IOI Properties Group Bhd is acquiring Mayang Development Sdn Bhd and Nusa Properties Sdn Bhd for RM1.

  HONG KONG (Oct 20): Grade-A office rents in Central Hong Kong are expected to increase 10% this year and another 5% in 2016, due to sustained demand and low vacancy rates as recorded by Knight Frank in its Hong Kong Monthly Property Market Report for September 2015.

  Dubai (Oct 20): Majid Al Futtaim, the leading retailer in Middle East,has achieved the highest “Green Star” status for the second year in a row from the Global Real Estate Sustainability Benchmark (Gresb).

(Oct 20): The federal government's Projek Rumah 1Malaysia (1Malaysia Housing Project) or PR1MA in Penang may see the take over of projects by other developers, Penang Federal Action Council chairman Datuk Seri Zainal Abidin Osman said today.

  BANGKOK (Oct 20): Best Western Hotels & Resorts has unveiled the first Vīb hotel, its new lifestyle boutique brand, in Vientiane, Laos.