CMMT banks on new anchor tenants to reinvigorate Klang Valley Malls
KUALA LUMPUR (Jan 23): CapitaLand Malaysia Mall Trust (CMMT) is on the hunt for new anchor tenants to inject life into its suburban Klang Valley malls and drive earnings in 2020.
Leader Steel buys land in Klang for business expansion
KUALA LUMPUR (Jan 23): Leader Steel Holdings Bhd is acquiring a piece of freehold land in Klang for RM30.
LBS Bina disposes of stake in Chinese firm for RM86m
KUALA LUMPUR (Jan 23): LBS Bina Group Bhd has disposed of all its 9.
TSR Capital sells unutilised land in Mutiara Damansara for RM48m
KUALA LUMPUR (Jan 23): TSR Capital Bhd is selling its freehold land in Mutiara Damansara, Petaling Jaya measuring 5,078 sq m for RM48.
CMMT FY19 net property income down 6%, pays 6.25 sen DPU
KUALA LUMPUR (Jan 23): Sustained growth in Gurney Plaza, Penang, and East Coast Mall in Kuantan have helped CapitaLand Malaysia Mall Trust (CMMT) offset lower contribution from its Klang Valley malls that have been hit by growing competition.
DONE DEAL: Shophouse, Section 16, Shah Alam, Selangor
Sold for: RM830,000 (RM442 psf, based on land area) Concluded by: Royston Lau (PEA1570, 016-221 9389) of Maxland Real Estate Agency When: August 2019 Noteworthy: ● Leasehold ● Land area: 1,875 sq ft ● Built-up: 3,300 sq ft ● Unfurnished double-storey shop unit ● Nearby amenities: Universiti Teknologi Mara Shah Alam, Wet World Water Park Shah Alam, Kompleks PKNS Shah Alam, IDCC Ideal Convention Centre Shah Alam, Shah Alam Autocity, KPJ Hospital and I-Central Shopping Mall.
Ipoh Local Plan 2020: Perak MCA urges the public to object to 10 proposed projects
IPOH (Jan 22): The Perak branch of the MCA political party has urged members of the public to voice their dissatisfaction against 10 projects proposed under the Ipoh Local Plan 2020.
Previndran: Unsold SOHOs and SOVOs will only take one year to clear, not five
KUALA LUMPUR (Jan 22): Unsold stocks of serviced apartments, small office home offices (SOHOs) and small office virtual offices (SOVOs) in the Klang Valley will take only one year to clear, instead of five, according to a real estate agency.
PJ Section 11: 40-year-old park gets upgrade
PETALING JAYA (Jan 22): Residents of Section 11 in the city are grateful for a facelift given to their old park situated along Jalan 11/8.
MPHB's appeal over Pengerang refinery land acquisition dismissed
PUTRAJAYA (Jan 22): The Federal Court's five-member bench yesterday dismissed MPHB Capital Bhd wholly-owned subsidiary Kelana Megah Sdn Bhd's final appeal over the acquisition of its land by the Johor state government and Petroliam Nasional Bhd (Petronas) to host the Petronas Refinery and Petrochemical Integrated Development (Rapid) project.
