News about l

KUALA LUMPUR (Dec 31): It was never our intention to demolish or build over the Vivekananda Ashram, but to develop the adjoining land, says trustee R Sri Skanda Rajah.

KUALA LUMPUR (Dec 31): 1Malaysia Development Bhd (1MDB) is selling 60% of Bandar Malaysia Sdn Bhd to a consortium comprising Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC) for RM7.

KUALA LUMPUR (Dec 31): Analysts say Pavilion Real Estate Investment Trust (Pavilion REIT) is paying a fair price for Intermark Mall here, given that the commercial asset comes with a freehold strata title and is located on the fringe of the Golden Triangle.

KUALA LUMPUR (Dec 31): Ho Hup Construction Co Bhd has gained entry into the granite quarrying business, via the acquisition of a company with quarrying rights, for RM2 million cash.

Pavilion Real Estate Investment Trust (Dec 30, RM1.

  Here are the trends for price growth and indicative asking rental yields for non-landed residences in Central City Kuala Lumpur, excluding the KLCC area.

GEORGE TOWN (Dec 30): Over the past seven years, the DAP-led Penang government has had to endure criticism from various quarters over many of the changes introduced in the state.

SHAH ALAM (Dec 30): Only World Group Holdings Bhd (OWG), which aims for a 50% growth in revenue this financial year ending June 30, 2016 (FY16), expects to seal an investment deal “in the next couple of months”.

Pavilion Real Estate Investment Trust (Dec 29, RM1.

GSB Group Bhd could morph into the property arm of businessman Datuk Tee Eng Ho (pictured) after a series of corporate exercises are concluded, industry sources say.