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Kedah launches green energy, renewable energy master plan

Kedah launches green energy, renewable energy master plan

ALOR SETAR (July 22): Menteri Besar Kedah Incorporated (MBI Kedah) has launched the state’s Green Energy and Renewable Energy Master Plan. Menteri Besar Datuk Seri Mukhriz Tun Mahathir said the plan also provides guidelines for potential investors in Kedah’s renewable energy industry. “The plan, formulated in cooperation with Cypark Resource Bhd, outlines four core thrusts,...

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Lendlease unveils first senior living development in China

Lendlease unveils first senior living development in China

Australian developer Lendlease has unveiled its first senior living project in China. The international developer already operates more than 70 senior living communities for about 17,000 residents in Australia. Lendlease says the project in China signifies its long-term commitment to the Chinese market. Located in Zhujiajiao, a town within the Qingpu district of Shanghai, the...

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Supply-demand imbalance to impose challenges for office market in KL, says property consultant

Supply-demand imbalance to impose challenges for office market in KL, says property consultant

KUALA LUMPUR (July 18): Escalating supply and slowing occupiers demand for office space are expected to impose challenges for the office market in Kuala Lumpur for the next few years, according to Nawawi Tie Leung Property Consultants (NTLP). In its real estate market second quarter (2Q19) report titled “Muted global conditions affected the Malaysian market”,...

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IHG eyes 10 new hotels in 5 years

IHG eyes 10 new hotels in 5 years

INTERCONTINENTAL Hotels Group (IHG) plans to have up to 10 new hotels in Malaysia within the next five years. IHG vice-president of, development for Southeast Asia and Korea, Serena Lim, said the hotel group is open to both greenfield and brownfield opportunities. “We have been innovative in the past in adaptive reuse such as Holiday...

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Area Logistics set to ride on strong demand

Area Logistics set to ride on strong demand

DEMAND for industrial properties, in particular mega distribution, inner-city distribution and purpose-built centres, is holding strong despite a dim outlook for Malaysia’s economy. Knight Frank Malaysia is expecting more high-tech manufacturers, especially from China, to make Malaysia their manufacturing hub, taking advantage of the country’s adequate supply of raw materials and relatively low operating costs....

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Plan to open 20 Yoo2 hotels in S-E Asia

Plan to open 20 Yoo2 hotels in S-E Asia

UNITED Kingdom-based YOO Hotels & Resorts has revealed plans to establish at least 20 hotels under its lifestyle brand, Yoo2, across Southeast Asia over the next three to five years. The hotelier is targeting key locations in Thailand, Vietnam, Cambodia, Indonesia and the Philippines. In Malaysia, it is looking at several sites and is currently...

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Exsim expects further expansion

Exsim expects further expansion

Bukit Jalil, surrounded by mature neighbourhoods such as Serdang, Puchong, Happy Garden, Taman OUG and Sri Petaling, has expanded to include Mutiara Jalil, Puncak Jalil, Jalil Sutera, Taman Esplanad and Taman Yarl. “We see it expanding further just like Bangsar, where there is Bangsar South, which otherwise is Kampung Kerinchi. We see developers riding on...

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Belmont Rd bungalow auction price: $42m

Belmont Rd bungalow auction price: $42m

A Good Class Bungalow (GCB) at 80 Belmont Road will be auctioned next week in a mortgagee sale with a guide price of $42 million, property consultancy Knight Frank Singapore said yesterday. That works out to a price tag of about $1,557 per square foot (psf). The auction will take place on Tuesday at 2.30pm...

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Gamuda Land, Maxis form partnership to deliver 5G for Gamuda Cove

Gamuda Land, Maxis form partnership to deliver 5G for Gamuda Cove

KUALA LUMPUR (July 17): Gamuda Bhd’s property arm Gamuda Land, and Maxis have formed a strategic partnership to appoint the communications and digital services company to create Malaysia’s first Maxis-delivered fifth generation cellular network technology (5G) township for Gamuda Cove, when 5G is launched in the country. In a joint statement, the companies said the...

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Braving curbs, Chinese buyers lead foreign revival in Singapore’s luxury homes

Braving curbs, Chinese buyers lead foreign revival in Singapore’s luxury homes

SINGAPORE (REUTERS) – Foreigners are once again pouring money into Singapore’s high-end property market despite hefty levies introduced last year. And, it is the Chinese who are leading the return, property brokers say, even though British billionaire James Dyson grabbed headlines this week with the purchase of Singapore’s most expensive apartment. Some of the Chinese investors are...

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