AmanahRaya REIT, Urban Collection ink 15-year lease for former Holiday Villa Alor Setar
The 21-storey property has remained vacant since 2018, marking the revival of a key hospitality asset in Kedah.
The 21-storey property has remained vacant since 2018, marking the revival of a key hospitality asset in Kedah.
Designated as Package CMC2, the tender is open to Malaysian contractors as well as foreign contractors, which must form a joint venture or consortium with Malaysian contractors holding at least 50% equity.
Situated along Jalan Besar in Simpang Renggam, the land is strategically located near the North-South Expressway and surrounded by established residential, commercial and industrial zones.
The share disposal comes as CMSB grapples with weaker financial performance.
Commercial activity has become a focal point of Sri Petaling’s transformation—prime stretches are now commanding some of the highest commercial values in the area, while tenants unable to keep up with rising rental rates have sought second-tier premises as alternatives.
The Cold Storage store will anchor the first phase of The Tenz.
The issues were caused by both technical problems such as signalling faults as well as human-related errors, including passengers attempting to open train doors, Deputy Transport Minister Datuk Hasbi Habibolla told the Dewan Rakyat during the oral question-and-answer session on Monday.
One noted the lack of incentives for the property market and expected it to move steadily on its own steam again into 2026.
LRT3 will begin operations at end-2025, connecting Bandar Utama–Damansara to Johan Setia, Klang in Selangor, serving 6,200 passengers per hour per direction.