News about l

PETALING JAYA (Dec 13): Alila Fort Bishangarh, located in the Aravalli hills in Rajasthan, Jaipur district, India will open in the first quarter of 2017, according to Alila Hotels and Resorts.

PETALING JAYA (Dec 13): The founder and chairman of The Mines Resort Bhd and Country Heights Holdings Bhd Tan Sri Lee Kim Yew has successfully raised more than RM2 million for charity by putting up his own bungalow collection through private auction.

KUALA LUMPUR (Dec 13): Glomac Bhd's wholly-owned unit Glomac Regal Sdn Bhd (GRSB) received a winding-up order for the alleged neglect of a RM3.

SINGAPORE (Dec 13): Imperium Crown, the property investment company formerly known as Communication Design International, is exploring the sale of its portfolio of properties in Japan while seeking new sources of revenue and growth.

SINGAPORE (Dec 13): Property developer Oxley Holdings has announced that its development project Oxley Tower has achieved Temporary Occupation Permit (TOP) from the Building and Construction Authority (BCA) of Singapore.

Eco World Development Group Bhd (Dec 9, RM1.

KUALA LUMPUR (Dec 13): It has been a relatively quiet year for Paramount Corp Bhd, which initially targeted some RM770 million worth of property launches this year but only achieved RM90 million of that so far as most of its projects were deferred, not surprisingly, due to the soft property market.

KUALA LUMPUR (Dec 13): While the spike in Malaysian Government Securities (MGS) 10-year yield has made real estate investment trusts (REITs) relatively less attractive, analysts said the fundamentals of REITs are still intact and are still commanding a premium over MGS yields.

Despite the spike in housing prices in both Sydney and Melbourne in recent years, these two cities are expected to see further price growth in the next 12 months.

PETALING JAYA: Korean fashion retailer The Twee will open its first flagship store in South East Asia (SEA) at KL Gateway Mall.