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Mammoth Empire deals surprises mart

Mammoth Empire deals surprises mart

Year 2018 was one of the worst years that the local property market could handle and it’s one investors would rather forget but there were good deals involving the sale of office towers and land. Interestingly, there were many transactions by a single developer, Mammoth Empire Holdings Sdn Bhd, which is building Empire City Damansara...

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Hilton Garden Inn hotels on Jalan TAR flipped for RM240m

Hilton Garden Inn hotels on Jalan TAR flipped for RM240m

Hilton Garden Inn North – formerly the Cititel Express – and Hilton Garden Inn South – formerly the Hotel Empress – on Jalan Tunku Abdul Rahman, Kuala Lumpur, was sold for RM240 million by Singapore’s Royal Group in August – barely three years after it had acquired the properties, reported The Edge Malaysia. The 532-room properties...

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Nine deals of the year

Nine deals of the year

2018 will be remembered as a year driven by concerns about the global economic slowdown, monetary policy, inflation and the 14th General Election. Brexit’s impact on the United Kingdom and Europe also worried investors, as did a slowdown in China’s economy. A foreign fund manager described the first six months of last year as a...

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Tabung Haji in RM6b asset disposal

Tabung Haji in RM6b asset disposal

ONE of the most anticipated deals this year is the sale of properties by Lembaga Tabung Haji to Urusharta Jamaah Sdn Bhd, which may cost a whopping RM6 billion, said sources. Sources said that Urusharta Jamaah, the special purpose vehicle (SPV) set up under the Ministry of Finance to take over RM19.9 billion worth of...

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Property Markets From Hong Kong to Sydney Join Global Slump

Property Markets From Hong Kong to Sydney Join Global Slump

Asia is finally succumbing to the global property slowdown that’s jolted homeowners and investors from Vancouver to London, with markets in Singapore, Hong Kong and Australia showing fresh signs of softening. The economic ramifications could be serious. Lower house prices and higher mortgage rates will not only dent consumer confidence, but also disposable incomes, S&P...

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Meda Inc planning 600-acre tourism city in Melaka

Meda Inc planning 600-acre tourism city in Melaka

Meda Inc Bhd’s new shareholder and executive director, Datuk Seth Yap Ting Hau, is looking to revitalise the struggling company by developing a tourism city in Kuala Linggi, Melaka. Yap, a lawyer by profession as well as founder and CEO of M101 Holdings Sdn Bhd, has a 25.5% stake in Meda. The acquisition, via several...

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EcoFirst seeks to jointly develop RM1.25b project

EcoFirst seeks to jointly develop RM1.25b project

EcoFirst Consolidated Bhd is seeking to jointly develop a RM1.25 billion gross development value (GDV) mixed residential and commercial project in Paya Terubong, Penang with the Penang-based Lone Pine group. It yesterday signed a share sale agreement (SSA) to acquire a 70% stake in Geo Valley Sdn Bhd, a member of the Lone Pine group,...

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