Alpha fund sells Shanghai International Plaza to LaSalle
SINGAPORE (April 6): Alpha Asia Macro Trends Fund II (AAMTF II) has sold Shanghai International Plaza, an office-and-retail property, to LaSalle Investment Management.
China Ouhua’s land buy expected to receive title transfer soon
KUALA LUMPUR (April 6): China Ouhua Winery Holdings Ltd has yet to receive the transfer of land-title ownership from the local government in the Zhifu district, China for the proposed purchase of a 40-acre (16.
Myra Meranti phase 2 opens for sale on Sunday
PETALING JAYA (April 6): Oriental Interest Bhd (OIB) will be opening phase 2 of its Myra Meranti development for sale this Sunday.
Major coup for MRCB-Gamuda, YTL-TH Properties
KUALA LUMPUR (April 6): MyHSR Corp Sdn Bhd has appointed the Malaysian Resources Corp Bhd–Gamuda Bhd consortium (MRCB-Gamuda Consortium) and the Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd-TH Properties Sdn Bhd consortium (YTL-THP) as its project delivery partners (PDPs) for the Kuala Lumpur-Singapore high speed rail (HSR) civil works portion.
DONE DEAL: Semi-detached industrial factory, Seksyen 32, Shah Alam
Rented for: RM14,500 a month Concluded by: Eric Mok (PEA 1617) of Ping Properties (012-388 0356) When: October 2017 Noteworthy: ● Land size: 15,000 sq ft ● Built up: 7,490 sq ft ● Empty unit ● 2-storey ● Lease started in January According to Ping Properties probationary estate agent Eric Mok, who concluded the deal, the tenant of the factory liked it for its big land size area compared with their previous factory.
Only 30% of ERCL workers will be foreigners, says project owner
KUALA LUMPUR (April 5): Malaysia Rail Link Sdn Bhd (MRL), the owner of the East Coast Rail Line (ECRL) project, says only 30% of the total workers involved in the RM60 billion project will be foreigners from China and other Asian countries, allaying concerns that the project is mostly run by the Chinese.
Pan-Borneo Highway phase 1 ahead of schedule, says minister
KUALA LUMPUR (April 5): The Sarawak portion for phase 1 of the Pan-Borneo Highway project is 14.
Malaysia’s super rich own the most homes in Asia Pacific
KUALA LUMPUR (April 5): Malaysia’s ultra-high-net-worth individuals (UHNWIs) take the lead when it comes to owning the most number of primary and secondary homes in the Asia-Pacific region, according to The Wealth Report Attitudes Survey 2018, which is part of independent global property consultancy Knight Frank’s 12th edition of The Wealth Report.
KL luxury home values drop 0.7% in PIRI 100 for 2017
KUALA LUMPUR (April 5): Political uncertainties and a subdued market have caused luxury home values to dip by 0.
Australia, S'pore and UK properties most favoured by M'sia's ultra-rich
KUALA LUMPUR (April 5): About 43% of Malaysian ultra-high-net-worth individuals (UHNWIs) plan to invest in properties abroad — higher than the global average of 34% — in the next few years, said property consultancy firm Knight Frank.
