Guocoland swings into loss on SPA cancellations, lower sales
KUALA LUMPUR (Aug 24): Guocoland (Malaysia) Bhd incurred a net loss of RM20.
ECRL and HSR cost too much, mean too little — Liew Chin Tong
KUALA LUMPUR (Aug 23): The Kuala Lumpur-Singapore High Speed Rail (HSR) and the East Coast Rail Link (ECRL) projects cost too much and mean very little to Malaysia in terms of connectivity and regional strategy, according to Deputy Defense Minister Liew Chin Tong.
Tun Daim met with TTDI RA today, said sources
PETALING JAYA (Aug 23): It is learnt that former Malaysian Finance Minister and businessman Tun Daim Zainuddin has met up with Taman Tun Dr Ismail Residents Association (TTDI RA) to understand their concerns on the development which takes place at part of the land in Taman Rimba Kiara.
SP Setia 2Q net profit up 77% on year at RM443m
KUALA LUMPUR (Aug 23): SP Setia Bhd's second quarter net profit rose 77% year-on-year to RM442.
Khazanah to sell stakes in two JVCos to Temasek, said sources
PETALING JAYA (Aug 23): National strategic Khazanah Nasional Bhd is reportedly in negotiations to sell its stakes in two property-development joint-venture companies to Temasek Holdings Pte Ltd, according to The Malaysian Reserve.
DONE DEAL: Commercial bungalow, Jalan Maarof, KL
Rented for: RM68,000 per month Concluded by: Sean Inn of Propstar Realty 012-2876 600 (REN 18479) When: June 2018 Noteworthy: ● Total built-up of 26,270 sq ft ● Four floors including a roof floor ● Comes with basement car park ● Rental started in July 2018 ● Comes with an elevator According to Propstar Realty senior negotiator Sean Inn, who concluded the rental deal, the corner bungalow lot was recently rebuilt from scratch and completed in September last year.
Knight Frank: KL luxury condo segment likely to improve
PETALING JAYA (August 23): An uptick in enquiries from potential buyers due to renewed confidence in the new government has been noted by property consultancy Knight Frank, and the luxury condominium segment in Kuala Lumpur is expected to see improvements this year In the first quarter of the year, 216 condominiums and apartment units changed hands.
DBKL wants illegal traders near apartments to clear out in 3 months
KUALA LUMPUR (Aug 23): Kuala Lumpur City Hall (DBKL) has laid down the law on up to 50 illegal traders near the Taman Jinjang Baru Apartments in Kepong – relocate in three months or their stalls will be torn down.
Malaysia and Singapore clash over hawker food culture
PETALING JAYA (August 23): Singapore’s bid to add their hawker culture to Unesco’s Representative List of the Intangible Cultural Heritage of Humanity has caused some backlash amongst Malaysians.
Intan Baiduri, Kepong, residents want shortcut closed
KUALA LUMPUR (Aug 23): Imagine your neighbourhood being clogged up by outsiders using it as a shortcut to their destinations.
