Fiamma to launch projects worth RM500 mil this year

KUALA LUMPUR (Feb 24): Fiamma Holdings Bhd plans to launch three property projects with a combined gross development value (GDV) of RM500 million this year, which are expected to bring in more than 10% of property sales to the group in the next three to four years.

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Knight Frank: 72% of investors eyeing commercial properties in 2016

KUALA LUMPUR (Feb 23): About 72% of property developers, fund and real estate investment trust (REIT) managers and lenders intend to invest in commercial properties in 2016, despite 57% of respondents saying they are less optimistic on the sector’s outlook, according to a new survey by global property consultancy Knight Frank.

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Chinese villages should embrace homestay concept, says minister

KUALA LUMPUR (Feb 23): The Chinese communities living in new Chinese villages and fishing villages should take advantage of the natural and quaint settings of their settlements by opening up homestay businesses to cater to tourists, especially those from China, according to Tourism and Culture Minister Datuk Seri Nazri Aziz.

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