News about la

PETALING JAYA (July 6): Daya Land & Development Sdn Bhd, an indirect subsidiary of Daya Materials Bhd, has proposed to dispose of its 51% stake in Semangat Global Sdn Bhd to Highstar Realty Sdn Bhd for RM3.

PETALING JAYA (July 6): Tan Sri Tony Fernandes’ Tune Group has slashed the number of its Tune Hotels worldwide, ended its partnership with Bangkok-based Red Planet Hotels and put several of its assets up for sale, reports The Edge Malaysia in its current issue.

PETALING JAYA: Low-key developer Villa Avenue Housing Development Sdn Bhd saw a 55% take-up rate for the residential component of its maiden mixed-use project, Sentrovue, after the soft launch of one of two residential towers recently.

Retail Group Malaysia (RGM) has made a third cut in its retail sales growth forecast for Malaysia this year from 4.

KUALA LUMPUR (July 3): The Royal Malaysian Air Force (RMAF) has begun relocating to several locations and is expected to be completed by end-2016, reports The Edge Financial Daily today.

    Setapak, a large and established suburb in the district of Gombak, Kuala Lumpur, has seen the average values of its high-rise homes outpace that of Kuala Lumpur’s on the back of a strong rental market, affordability and good access via road and light rail transit.

KUALA LUMPUR (July 2): Kenanga IB Research maintained its overweight call over the construction sector, as it is still firmly backed by contractors’ healthy orderbooks that provide two to three years visibility, while its replenishment prospects and earnings were met by most contractors.

KUALA LUMPUR: Tadmax Resources Bhd has completed the disposal of a parcel of land in Pulau Indah, Selangor to 1Malaysia Development Bhd’s (1MDB) unit Ivory Merge Sdn Bhd for RM294.

Bukit Kiara Properties Sdn Bhd (BKP) has placed a prime parcel in Jalan Tun Razak, Kuala Lumpur — located opposite Bangunan Tabung Haji — up for sale, reports The Edge Malaysia in its current issue.

PRICES of homes on Johor Baru’s secondary market remained firm in 1Q2015, according to The Edge-KGV International Property Consultants Johor Baru Housing Monitor for the period.