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Market News

17 Apr 2015 Naim Indah to develop GDV US$120m 32-flr office tower in Yangon KUALA LUMPUR (Apr 17): Naim Indah Corporation Bhd is in talks to develop a 32-floor office tower with a gross development value of US$120 million in Yangon, Myanmar, via a joint venture.
16 Apr 2015 KLCC Stapled Looking To Acquire Two Multi-billion Ringgit Assets From KLCC Holdings KUALA LUMPUR, April 16 (Bernama) -- KLCC Stapled Group, which comprises KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (REIT), is looking to acquire two multi-billion ringgit assets from parent company, KLCC Holdings Sdn Bhd, over the next three to five years.
16 Apr 2015 First LRT project in Penang next year GEORGE TOWN: Penang is set to get its maiden LRT project – a 17.5km elevated stretch linking Komtar with the Penang International Airport. With construction slated to begin next year, the RM4.5bil project is part of a package of solutions for an island that has long been choking on its traffic.
15 Apr 2015 EPF sells London property, earns good premium PETALING JAYA: The Employees Provident Fund (EPF) has sold One Sheldon Square in London for £210mil (RM1.14bil), fetching a good premium for one of its earliest investments in the English capital city’s booming commercial property.
13 Apr 2015 MRCB the favourite in RM1.1bil land deal PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) is said to be in the lead to purchase the French embassy land which is one of the few remaining sizeable parcels of land in the city centre.
11 Apr 2015 EPF cashing in on UK property THE Employees Provident Fund (EPF), which manages some RM636.5bil worth of assets, said it is planning to sell one or two properties it own in the UK and use proceeds from the disposal for new investment elsewhere.
11 Apr 2015 Interesting times for property sector Two big transactions, land negotiations took place over the past 10 days in KL
10 Apr 2015 DoubleTree hotel in KL sold for RM388mil PETALING JAYA: Real estate tycoon Asok Kumar Hiranandani of the Royal Group has bought DoubleTree Hotel, the second parcel of The Intermark to be sold in a week.
07 Apr 2015 MRCB acquiring German Embassy land for RM259m KUALA LUMPUR (Apr 7): Malaysian Resources Corporation Bhd (MRCB) is acquiring the German Embassy land here for RM259.16 million.
06 Apr 2015 HLFG proposes to buy Menara Raja Laut (formerly known as Menara EON Bank) for RM220m KUALA LUMPUR (Apr 6): Hong Leong Financial Group Bhd (HLFG) has proposed to acquire Hong Leong Bank Bhd (HLB) Menara Raja Laut (formerly known as Menara EON Bank) and the parcel of land it sits on for a cash consideration of RM220 million.