Penang’s The George, a five-star boutique hotel with a colonial design is scheduled to operate by the end of this month. The five-star hotel, located along busy Penang Road, at the junction of Argyll Road in George Town, was developed for RM100 million, and is owned and run by Venice Sdn Bhd. The total construction,...
Read moreKUALA LUMPUR (Dec 15): UEM Sunrise Bhd is injecting freehold plots measuring a total of 94.9ha in Johor into its joint venture with CapitaLand Development of Singapore — Nusajaya Tech Park Sdn Bhd (NTPSB) — for the expansion of new industrial phases in the Nusajaya Tech Park, Iskandar Puteri. In a statement, UEM Sunrise said its indirect wholly owned Nusajaya...
Read morePETALING JAYA (Dec 15): Megah Rise at Taman Megah here will be opening to the public this Sunday (Dec 18). The mall has approximately 142,000 sq ft of net lettable area and its “curated retail experience features an eclectic mix of food and beverage outlets, a premium grocer and recreational facilities,” said PPB Properties, the owner and...
Read moreKSL Holdings Bhd intends to construct homes in Johor through its wholly-owned entity KSL Development Sdn Bhd (KLSD) on land it is purchasing from a Tropicana Corp Bhd subsidiary. According to a filing made with Bursa Malaysia yesterday, KLSD has proposed buying 34.028 hectares of land in Pulai, Johor Bahru, from Tropicana Desa Mentari Sdn...
Read moreA property in Selangor owned by Kumpulan Jetson Bhd’s wholly-owned subsidiary Jetson Development (Asia) Sdn Bhd is being sold for RM5 million. Jetson Development is selling a plot of industrial land in Kapar, Klang, along with a detached factory to DTM Sdn Bhd. Both parties had entered into a sale and purchase agreement on December...
Read moreReneuco Bhd’s wholly-owned subsidiary Reneuco Development Sdn Bhd (RenDev) plans to build residential and commercial properties in Terengganu with a projected gross development value of RM293.8 million. The proposed affordable and mixed housing development would be built on government land in Kuala Nerus. RenDev has been given the go-ahead for the proposed development by the...
Read moreSINGAPORE (EDGEPROP) – In Jurong Lake District (JLD), Singapore’s largest business district outside the city centre, a 6.8 ha white site will be released for sale to a master developer. It comprises three plots of land linking the Jurong East MRT interchange station and the future Jurong Lake District station of the Cross Island Line....
Read moreKUALA LUMPUR (Dec 9): Reneuco Bhd (formerly known as KPower Bhd) has inked a joint venture agreement with the Terengganu government for the development of a mixed housing project in Kuala Nerus. This state government had in August approved the development of the project on 49.92 acres of state land. The project comprises 636 units of Type A...
Read moreKUALA LUMPUR (Dec 9): Mitrajaya Holdings Bhd’s wholly-owned subsidiary Pembinaan Mitrajaya Sdn Bhd has clinched a construction contract worth RM265.87 million from Retro Highland Sdn Bhd. In a filing with Bursa Malaysia yesterday, Mitrajaya said the contract is for the construction and completion of two blocks of housing apartments and ancillaries in Bandar Tun Razak, Kuala Lumpur, under a joint-venture project between Retro...
Read moreKUALA LUMPUR (Dec 5): AME Real Estate Investment Trust (REIT) has proposed to acquire three industrial properties in Iskandar Malaysia for RM69.3 million. The acquisitions, the Islamic REIT’s first after its listing in September, would boost its total asset value by 12.8% to RM644.1 million, the group said in a statement. AME REIT said the freehold properties...
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