KLCC starts work on RM5b project

By BUSINESS TIMES KLCC (Holdings) Sdn Bhd will develop a new mixed-commercial project at the eastern corner of the Kuala Lumpur City Centre with a gross development value (GDV) of over RM5 billion. According to group chief executive officer Hashim Wahir, the new development is part of the company’s master plan for the iconic mall. [...]


Damai Laut to build 300 floating villas in Lumut

By BUSINESS TIMES IPOH: Damai Laut Golf Resort Sdn Bhd will be investing about RM200 million over the next three years to develop environmentally-friendly floating villas in Lumut, near here. A total of 300 Sea Villas will be built on a 20ha site fronting the Swiss Garden Golf Resort and Spa in Damai Laut. The [...]


Nusajaya to enjoy boost from DRH

By BUSINESS TIMES DESTINATION Resorts and Hotels (DRH) has two new premier developments worth more than RM400 million in its investment portfolio. They are the Traders Hotel and Little Red Cube, a lifestyle and family entertainment complex in Puteri Harbour, Nusajaya. DRH was established by the government’s investment arm, Khazanah Nasional Bhd. Managing director Nadziruddin [...]


Destination Resorts and Hotels embarks on new developments in Nusajaya

By BERNAMA KUALA LUMPUR: Destination Resorts and Hotels (DRH) has two new premier developments under its investment portfolio, the Traders Hotel and a lifestyle and family entertainment complex, Little Red Cube, to be located in Puteri Harbour, Nusajaya. In a statement here yesterday, DRH said with a total investment of about RM400mil, both Little Red [...]


Aseana Properties hopes to recoup Aloft investment within 10 years

By BUSINESS TIMES KUALA LUMPUR: Aseana Properties Ltd, a 23 per cent associate company of Ireka Corp Bhd, hopes to recoup its RM300 million investment in building the Aloft Kuala Lumpur Sentral in Brickfields within 10 years. The 31-storey hotel, which opened yesterday, features 482 rooms. According to Starwood Hotels & Resorts regional vice-president for [...]


Alila eyes projects in Batu Ferringhi and Langkawi

By BUSINESS TIMES SINGAPORE-BASED Alila Hotels & Resorts is in discussions with property developers to help develop and manage tourism-based projects in Batu Ferringhi, Penang, and Langkawi. According to its vice-president for development, Arjan De Boer, the company plans to work hand-in-hand with the developers and recommend designers for various parts of the project to [...]