News about ng

PETALING JAYA (June 9): Penang is set to host a Mitsui Outlet Mall near the Penang International Airport (PIA), pending approval from the state authorities, which is expected to be given by the third quarter of 2022.

PETALING JAYA (June 9): Marriott International on Thursday signed an agreement with Hap Seng Consolidated Bhd to bring the first Marriott Executive Apartments to Kuala Lumpur.

KUALA LUMPUR (June 9): Singapore-listed Aspen (Group) Holdings Ltd has announced plans to "significantly" scale down its glove-making unit as it suffers from industry-wide issues from lower demand and falling average selling price (ASP), resulting in it being unable to secure significant new purchase orders from its existing or new customers.

Better a neighbour nearby than a relative far away, says a proverb.

KUALA LUMPUR (June 8): CapitaLand Malaysia Trust has proposed to buy industrial properties in Penang from Dynaciate Group Bhd for RM80 million to venture into the logistics sector.

CYBERJAYA (June 7): The Selangor State Development (PKNS) handed over 864 units to the new owners of Residensi Idaman Selangorku at Selangor Cyber Valley today.

With 580 sick projects against 2,552 launched projects, it also indicated that nearly 23% of house buyers’ fates were determined by those errant developers According to the government’s statistics, as of March 31, 2022, the number of “sick” private housing projects rose to 580, comprising 102,132 units, which affected a total of 51,000 house buyers compared to 365 sick projects comprising 48,826 units affecting a total of 26,145 buyers in March 31, 2020 (Table 1).

PETALING JAYA (June 3): The second phase of Penang-based developer Ideal Property Group’s Queens Waterfront called Queens Residences Q2 in Bayan Lepas has been completed ahead of schedule.

KUALA LUMPUR (June 3): Sunway Property Bhd has launched the Jernih Residence Property Gallery -- Jernih Residence being Sunway Property’s maiden project in Kajang.

PETALING JAYA (June 3): Sunway Malls expects a stronger sales performance for the second quarter of 2022 (2Q22) at 117% of pre-Covid-19 pandemic levels on the back of a better Raya 2022 sales performance, the country's transition to the endemic phase, an improved labour market and stronger domestic and external demand.