KUALA LUMPUR (April 24): Suria KLCC’s established reputation as a premier shopping destination has set it apart from other malls in the same vicinity, which provided it an effective buffer against new competition, according to KLCCP Stapled Group chief executive officer Datuk Md Shah Mahmood. Suria KLCC recently become a wholly owned subsidiary of KLCCP,…
Read MoreKUALA LUMPUR (April 23): Construction and engineering contractor Crest Builder Holdings Bhd said it had secured a condominium project valued at RM486 million in Mont’Kiara. The project, awarded by Kiaramas Development Sdn Bhd, involves the construction of three blocks of condominiums with car park podiums in Jalan Desa Kiara. The contract period is 42 months…
Read MoreKUALA LUMPUR (April 23): Gadang Holdings Bhd said it will appeal to the Economic Planning Unit (EPU) for a waiver of the Bumiputera equity requirement to facilitate its acquisition of a 21.08-acre land in Kwasa Damansara. In a bourse filing on Tuesday, the builder-cum-property developer said the EPU had on Monday rejected its proposed acquisition…
Read MoreKUALA LUMPUR (April 23): Sunway Property, the property arm of Sunway Bhd, is set to preview the first phase of Sunway Velocity 3 in Cheras, Kuala Lumpur on Saturday (May 4) in its recently opened sales gallery. According to a press release issued on Tuesday, phase 1 of Sunway Velocity 3 comprises two serviced residence…
Read MoreKUALA LUMPUR (April 23): Inta Bina Group Bhd has bagged a contract worth RM169.67 million to develop a serviced apartment project in Country Heights. In a bourse filing on Tuesday, the group said its wholly-owned subsidiary Inta Bina Sdn Bhd received the contract from Next Delta Sdn Bhd. The job scope involves the development of…
Read MoreKUALA LUMPUR (April 23): While the opening of The Exchange TRX is anticipated to intensify competition in the malls sector, Pavilion Real Estate Investment Trust (PavREIT) said footfalls at its malls nearby — Pavillion KL and the connected Pavilion Elite — remain unaffected, and they are still enjoying over 95% occupancy rates. PavREIT chief executive…
Read MoreKUALA LUMPUR (April 23): Malaysia’s construction tender prices are expected to grow by 3% in 2024, compared to the previous year, driven by various factors such as project type, industry procurement strategy and currency fluctuations, according to a report by global professional services company Turner & Townsend. The report said there seems to be a positive…
Read MoreKUALA LUMPUR (April 23): Grade A prime office spaces continue to be in demand with improving vacancy and rental rates due to the flight to quality trend among tenants, according to JLL (Malaysia), as discussed in its JLL’s 1Q2024 Greater Kuala Lumpur Property Market Monitor launch on Tuesday. In her presentation, JLL (Malaysia) office leasing…
Read MoreKUALA LUMPUR (April 23): Avaland Bhd formed partnerships with six companies to provide sustainable home fittings and finishings for its ongoing and upcoming projects in a signing ceremony at the developer’s Collaboration of Sustainability event on Monday. The six companies are Duravit Asia Ltd, Grohe Malaysia, Guocera Sdn Bhd, Panasonic Malaysia, Signature Cabinet Sdn Bhd…
Read MoreKUALA LUMPUR (April 23): The Selangor state government, through its digital economy arm the Selangor Information Technology and Digital Economy Corp (Sidec), will lead the establishment of an integrated circuit (IC) design hub in Puchong, touted to be the largest in Southeast Asia. The project — in collaboration with the federal government, international semiconductor firms…
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