The Employees Provident Fund Board (EPF) is expected to sell Bangunan KWSP Changkat Raja Chulan in Kuala Lumpur to TIME Dotcom Bhd. Bangunan KWSP is a 13-storey freehold office building with 95 parking spaces. The low-density office building was completed in 1992. The original cost of investment for the building by EPF in 1994 was...
Read moreSunway Real Estate Investment Trust (Sunway REIT) is on track to increase its property value to RM15 billion in the financial year ending June 30, 2025 (FY25) under its Transcend 2025 (TC25) initiative, despite current and future headwinds. TC25 is a programme that develops a strategic roadmap to capitalise on Sunway REIT’s diversity to set...
Read moreHap Seng Consolidated Bhd (HSCB) intends to expand its venture into the hospitality sector and develop up to five hotels in Malaysia in the next few years, according to its chief operating officer David Khor. The group will build a hotel on Jalan Kia Peng, in KL Metropolis and on Jalan Sultan Ismail, where it...
Read moreLBS Bina Group Bhd intends to ramp up its developments in Cameron Highlands and Genting Permai in Pahang with a mix of product offerings, according to its executive chairman Tan Sri Lim Hock San. Cameron Centrum, the new town in Brinchang with the most commercial offerings in Cameron Highlands, is being expanded by the developer....
Read moreRHB Investment Bank Bhd has maintained a neutral or cautious outlook for the local property sector, predicting a bumpy road to recovery this year. This is despite a positive market response, with pent-up demand for properties in the second half of 2021. According to the investment bank, negative headwinds such as a resurgence of the...
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