Market News
05 Feb
2015
YNH’s Jalan Sultan Ismail development to incorporate a Hilton hotel
YNH Property Bhd announced it had signed a memorandum of understanding with Hilton Worldwide Manage Ltd on Feb 4, to manage a hotel to be branded as "Hilton Kuala Lumpur City Center & Residences", to be incorporated in its Menara YNH development along Jalan Sultan Ismail.
05 Feb
2015
Eduspec buys lands for new corporate office
KUALA LUMPUR (Feb 5): ICT education services provider Eduspec Holdings Bhd ( Financial Dashboard) is buying two parcels of land for RM14.85 million, to set up its new corporate office.
04 Feb
2015
Three new towers in KLCC
PETALING JAYA: Plans to develop three new high-rise buildings near the Petronas Twin Towers in the Kuala Lumpur City Centre (KLCC) are speeding up, with tender documents for sub-works to be issued in a few months, according to sources.
29 Jan
2015
World Bank group to open office in KL
Putra Jaya: The World Bank Group office in Kuala Lumpur will serve as a knowledge and research centre.
Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah, said the office, which would be located at Sasana Kijang, would enable Malaysia to share its development experience with other developing countries while benefitting from World Bank's international experience and expertise.
27 Jan
2015
CapitaMalls Malaysia Trust buying Tropicana City Mall for RM540m
KUALA LUMPUR: CapitaMalls Malaysia Trust (CMMT) is buying the Tropicana City Mall with its office tower for a purchase consideration of RM540mil.
16 Jan
2015
Menara Hap Seng 2 the new landmark in KL
PETALING JAYA: Kuala Lumpur’s central business district has a new distinctive landmark in the form of Menara Hap Seng 2, which is Hap Seng Land Sdn Bhd’s new 30-storey Grade A commercial office.
14 Jan
2015
Ivory Properties sells Jesselton land for RM150 million
KUALA LUMPUR (Jan 14): Ivory Properties Group Bhd ( Financial Dashboard)’s wholly-owned subsidiary, Ivory Indah Sdn Bhd, has entered into a sale and purchase agreement with Jesselton Peak Sdn Bhd for the disposal of a 21.78 ha land in Jesselton, Penang, for RM150 million.
30 Dec
2014
Tower REIT to divest Menara ING for RM132.34m cash
KUALA LUMPUR (Dec 29): Tower REIT ( Financial Dashboard) has entered into a sale and purchase agreement (SPA) with Goldstone Kuala Lumpur Sdn Bhd to divest 19 office parcels and 190 car park bays within Menara ING for RM132.34 million cash, a filing to Bursa Malaysia revealed this evening.
25 Dec
2014
German Govt selling two properties in KL for RM225mil
PETALING JAYA: The German government is selling the two properties it owns in the heart of Kuala Lumpur for a potential combined worth of RM225mil.
09 Dec
2014
Sunway REIT to acquire hotel, office building for RM134m
KUALA LUMPUR: Sunway Real Estate Investment Trust (Sunway REIT) ( Financial Dashboard) plans to acquire Sunway Hotel Georgetown and Wisma Sunway office building for a combined RM134 million from subsidiaries of Sunway Bhd.