KrisAssets eyes foreign properties

By BUSINESS TIMESKRISASSETS Holdings Bhd, the owner and operator of Mid Valley Megamall in Kuala Lumpur, may inject foreign retail and commercial assets into the company.Depending on the location and value of the assets, KrisAssets may buy the properties on its own or with a partner.”We are always looking for opportunities to acquire. We are [...]


Sunrise to redevelop Wisma Angkasa Raya

By THE STARPETALING JAYA: Sunrise Bhd is believed to be acquiring Wisma Angkasa Raya, located opposite the Petronas Twin Towers in Kuala Lumpur City Centre (KLCC), for redevelopment into an upmarket commercial project.In a filing with Bursa Malaysia on Monday, the property developer said it had entered into an agreement with Reliance Pillar Sdn Bhd [...]


Sunrise to set KLCC land price record

By BUSINESS TIMESThe developer plans to pay RM179 million, or RM2,588 per sq ft, for the Kuala Lumpur City Centre land, higher than what YTL Corp paid for 0.4ha in Jalan StonorSUNRISE Bhd has proposed to buy a piece of prime land in the heart of Kuala Lumpur, a deal that will set a new [...]


EPF sees RM16m return from Putrajaya building

By BUSINESS TIMESTHE Employees Provident Fund (EPF) expects a minimum annual return of RM16 million from the purchase of its latest commercial building in Putrajaya for RM258 million.EPF signed a sales and purchase agreement with Putrajaya Holdings Sdn Bhd yesterday to buy the 26 Boulevard building in Precinct 3, Putrajaya.”We expect the income from this [...]


Ken Holdings plans projects worth RM650m

By BUSINESS TIMESPROPERTY developer Ken Holdings Bhd plans to develop half of its 56ha land in Shah Alam, Selangor, and Bangsar in Kuala Lumpur, with a projected total gross development value of RM650 million.”This is sustainable to the group over the next four to five years,” managing director Tan Boon Kang said after the group’s [...]


Tunas Manja project ready next year

By THE STARKUANTAN: Tunas Manja Group’s RM110mil flagship project, AmberHill in Taman Melawati, Kuala Lumpur, is scheduled to be completed by June next year.Located on a 3.8ha site, the gated community project offers 20 bungalows and 30 semi-detached houses set in elevated ground and lush green surroundings.According to managing director Y.K. Chin, AmberHill comprised luxurious [...]