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Market News

04 Dec 2015 MRCB to sell Menara Shell to MQ REIT for RM640mil KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) plans to sell its 33-storey green office tower Menara Shell (pic) to commercial real estate investment trust MQ REIT for RM640mil.
02 Dec 2015 Penang LRT construction work to start in 2018 KUALA LUMPUR: Construction work on the Penang light railway transit (LRT) project, which is part of the first phase of the island’s Transport Master Plan (TMP), will start in 2018.
02 Dec 2015 New mall to open in Damansara THE Damansara City Mall scheduled to be launched April next year is set to bring a new lease of life to the neighbourhood.
30 Nov 2015 JB: Will the Malaysian border town grow up to usurp Singapore? JOHOR BARU (Nov 30): Johor Bahru is getting a facelift and it is being done with a royal stamp of approval. On Nov 22, the Sultan of Johor, Sultan Ibrahim Sultan Iskandar, officially launched the Ibrahim International Business District (IIBD) transformation plan, which will see about 250 acres of land in the city centre redeveloped. This ‘transformation zone’ is bordered by Jalan Ayer Molek, Jalan Tun Sri Lanang, Jalan Tun Abdul Razak and Jalan Sultan Ibrahim.
26 Nov 2015 High demand for factory lots could push up space price PETALING JAYA: Prices of factory space could be on an uptrend by next year, spurred by upcoming infrastructure projects outlined under Budget 2016.
26 Nov 2015 GuocoLand’s upmarket Damansara City Mall 50% taken up Kuala Lumpur (Nov 26): GuocoLand Malaysia Bhd’s Damansara City Mall (DC Mall), part of the RM2.5 billion flagship development Damansara City, is now 50% leased out. GuocoLand expects DC Mall to be 70% leased by its opening in April next year.
25 Nov 2015 Ibrahim International Business District in Johor launched JOHOR BAHRU (Nov 23): The Sultan of Johor, Sultan Ibrahim Sultan Iskandar, launched the Ibrahim International Business District (IIBD) at the Persada Johor International Convention Centre here yesterday, in conjunction with his 57th birthday celebrations.
24 Nov 2015 Kuala Lumpur soon to boom with mega projects With a slew of mega projects scheduled to transform the Kuala Lumpur skyline, the capital city will soon be in a construction boom. Cranes and cement mixers will be a common sight around KL.
23 Nov 2015 PNB confirms RM3.4b Menara KL118 contract awarded KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has awarded the contract to build the Menara Wawasan or also known as Menara KL118 to the joint venture of South Korea’s Samsung C&T and UEM Group Bhd.
23 Nov 2015 KLIA to have third terminal KUALA LUMPUR: A new terminal is expected to be built at the KL International Airport (KLIA) to expand its total capacity to 100 million passengers a year, said Deputy Transport Minister Datuk Abd Aziz Kaprawi.