News about l

KUALA LUMPUR (June 3): In a case of the authorities putting the cart before the horse, a developer is caught in a bind as it has been told to fulfil its obligations to build public facilities but has yet to be given the necessary approvals to do so.

KUALA LUMPUR (June 3): The Klang Valley will welcome four million sq ft of retail space in 2015, according to the “Savills Malaysia Retail Report Newsflash” June 1.

KUALA LUMPUR: TA Global Bhd executive chairman Datuk Tony Tiah Thee Kian has continued to accumulate shares in the firm over the past two months, raising his direct stake in the company to 12.

KUALA LUMPUR (June 2): Kuala Lumpur City Hall (DBKL) is in the final stages of discussing plans to revive the Plaza Rakyat project in Jalan Pudu with Profit Consortium Sdn Bhd, the developer appointed to take over the long-abandoned building and give it a new lease of life.

KUALA LUMPUR: The Employees Providend Fund’s wholly-owned property development arm Kwasa Land Sdn Bhd is calling for another round of pre-qualification of potential development partners for its 942.

KUALA LUMPUR (June 2): Hua Yang Bhd is on track to begin construction of a high-rise mixed-development project in Selayang with a gross development value (GDV) of RM800 million after shareholders passed the ordinary resolution that will give effect to the proposed acquisition of a piece of land measuring 8.

KUALA LUMPUR (June 2): TA Global Bhd’s (TAG) wholly-owned unit Crystal Caliber Sdn Bhd (CCSB) has commenced arbitration proceedings against Saudi royalty-owned Kingdom Hotel Investments (KHI), following a dispute between the parties relating to the breach of the sale and purchase agreement (SPA) dated April 25, 2012, concerning a resort property in Thailand.

  KUALA LUMPUR (June 1): DA Land Sdn Bhd launched The Two integrated development project today.

KUALA LUMPUR (June 1): Selangor’s newly incorporated sovereign wealth fund, Darul Ehsan Investment Group Sdn Bhd (DEIG), will be developing five townships in Selangor with a total gross development value (GDV) of RM10 billion, according to a report in The Edge Financial Daily today.

LBS Bina Group Bhd (May 29, RM1.