Batu Caves: Potential for redevelopment?
The name Batu Caves is synonymous with its magnificent ancient limestone hills and caves featuring a more-than-a-century-old Hindu temple which has drawn devotees from around the world.
DONE DEAL: 1½-storey factory, Saga Jaya Industrial Park, Seberang Perai
Rented for: RM9,000 a month Concluded by: Mayzel Wong (REN 17359) of Khoo & Associates Realty (017-575 8999) When: July, 2018 Noteworthy: ● A factory with a land area of 10,500 sq ft and built-up size of 6,000 sq ft ● Nearby amenities: Mydin shopping mall, Bukit Tengah railway station, eateries and Juru Auto City ● Easy access to North-South highway, 15km to Bandar Cassia in Simpang Ampat, 23km to George Town and 24km away from Penang International Airport.
Angering China's public can hurt bilateral ties, warns Chinese daily
PETALING JAYA (Aug 29): Chinese daily Global Times has warned that China's public opinion on the Malaysia-China relationship is not “inconsequential” to Malaysia's interest, especially amid news of decisions that appear to antagonise China filtering out of Kuala Lumpur.
AREA Group inks land deal with PNB
PETALING JAYA (28 August): The AREA Group of Companies (AREA) has signed a deal with PNB Development for the purchase of 212.
Latest asset buy seen to have muted impact on Axis REIT’s earnings
Axis Real Estate Investment Trust (Aug 9, RM1.
Sunway REIT declares 2.15 sen DPU, warns property glut is a challenge
KUALA LUMPUR (Aug 10): Even as it endeavours to maintain a 100% payout of its distributable net income in the next fiscal year, Sunway Real Estate Investment Trust has cautioned of the “fundamentally challenging oversupply situation” brought about by tremendous new supply of retail, hotel, and commercial space in the market, exacerbated by lacklustre foreign direct investments and tourism activities.
Sick of 4-hour commutes, Penangite groups back PTMP
PETALING JAYA (Aug 9): Some Penangites who are sick of traffic jams along the roads to the Bayan Lepas Free Industrial Zone have thrown their weight behind the contentious Penang Transport Master Plan (PTMP) via a petition supporting the project.
Western Digital undecided on sale of PJ facility
PETALING JAYA (July 20): Western Digital, which is shutting its facility at the Sungei Way Free Trade Industrial Zone down by the end of next year, said it has not decided if it will ell the 11-acre property.
Western Digital plans to sell PJ factory
PETALING JAYA (July 18): Western Digital is planning to sell its hard disk drive (HDD) manufacturing facility site at the Sungei Way Free Trade Industrial Zone, Petaling Jaya, where the company has been operating for over two decades, it is learnt.
