News about ma

PETALING JAYA (Dec 14): Element Kuala Lumpur, the first Element hotel in Southeast Asia under Element Hotels by Marriott International Inc, is slated to open for business in March 2017.

PETALING JAYA (Dec 14): The official announcement of the 1 Sulaman development in Kota Kinabalu, Sabah, as being an abandoned project will allow KKTP Sdn Bhd — a private company owned by the Ministry of Local Government and Housing Sabah — to rescue the project, according to 1 Sulaman Platinum and Gold Tower Buyers’ Action Committee spokesperson Tom Lim.

KUALA LUMPUR (Dec 14): The Greater Kuala Lumpur development has been deemed as being negative for the property sector and real estate investment trusts (REITs) by Hong Leong IB Research.

Chinese developers have continued to expand their presence in Johor.

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.

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.

Real estate negotiator Adrian Tan (pictured) was in the accounting line for eight years before he switched over to real estate.