THE Kuala Lumpur luxury condominium market, having taken a hit over the last couple of years due to the pandemic, is expected to remain soft in 2022. Savills Malaysia Sdn Bhd group managing director Datuk Paul Khong says the high-end condominium market is anticipated to stay subdued for at least the first two quarters of...
Read moreKUALA LUMPUR (Feb 4): LEAP-Market listed Uni Wall APS Holdings Bhd has signed a memorandum of collaboration (MoC) with Singapore-based Sun Solutino Pte Ltd to jointly develop certain parts of Malaysia Vision Valley 2.0 (MVV 2.0). The group, through its 80%-owned subsidiary NS Aero City Sdn Bhd, signed the MoC with Sun Solutino, which is...
Read moreAstaka Holdings Limited, the developer for One Bukit Senyum in Johor, is off to a good start this year. The group recently signed a non-binding memorandum of understanding (MOU) with Straits Perkasa Services Sdn Bhd (SPSSB) for potential collaboration on a mixed-use development project through its 99.99 percent-owned subsidiary, Astaka Padu Sdn Bhd (APSB). The...
Read moreKLCCP Stapled Group hopes to maintain the recovery momentum in its business segments, despite operating in a very challenging market landscape and a prolonged pandemic. According to Md Shah Mahmood, chief executive officer of KLCC Property Holdings Berhad, the group’s encouraging fourth-quarter results reflect the strength of its resilient business. He said that while the...
Read moreThe price of new apartments in Tokyo toppled a 30-year-old record in 2021 as rising demand from dual-income households and increasing construction costs boosted the Japanese capital’s once-moribund housing market. The mean price of new condos in the Japanese capital and surrounding areas hit 62.6 million yen (US$550,000) last year, topping the 61.2 million yen...
Read morei-City Properties (i-City) will collaborate with China Mobile International (CMIM) to construct the country’s first smart green corporate tower in i-City, Malaysia No. 1 technology city. According to Monica Ong, director of i-City, the corporate tower will be outfitted with 5G internet-enabled cameras and sensors to monitor the environment, energy consumption, and human traffic flow...
Read moreKUALA LUMPUR: Sunway Malls traffic and sales returned to 100 per cent normalcy in the fourth quarter of 2021 (4Q2021), in comparison to the pre-pandemic levels of 4Q2019. In a statement today, the company said among the key drivers aiding the recovery was driven by strong pent-up demand, festive seasonality, a high percentage of the...
Read moreKUALA LUMPUR: The emergence of the Omicron variant may derail the recovery path of the Malaysian real estate investment trust (REIT) sector in 2022. In light of this, RHB Investment Bank Research is projecting a cautious outlook for local REITs this year. “Although we can expect a gradual recovery for Malaysian REITs in general,...
Read morePETALING JAYA: After a nearly three-year wait, the East Coast Rail Link (ECRL) stretch that passes through Selangor – from Gombak to Port Klang – will start in the first quarter of this year. Transport Minister Datuk Seri Dr Wee Ka Siong said he approved work on this stretch to start after the Selangor government...
Read moreGEORGE TOWN: The tallest elevated road in the country, linking Ayer Itam and Bayan Lepas on Penang, is finally open, but traffic was light on the first day. The 3.8km stretch of road winds around Bukit Kukus from Lebuh Bukit Jambul on the Bayan Lepas side to Jalan Tun Sardon and Paya Terubong in Ayer...
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