MRB eyes RM1.5bil project

By THE STAR At least four firms said to have expressed interest in Ampang development PETALING JAYA: The Malaysian Rubber Board (MRB) is mulling an exercise to develop another piece of its land in Ampang, Kuala Lumpur, and at least four developers have expressed firm interest in the project, according to industry sources. The sources [...]


DKLS, PKNS to jointly redevelop land

By BUSINESS TIMES KUALA LUMPUR: DKLS Industries Bhd has entered into a heads of agreement with Selangor State Development Corporation (PKNS) to jointly redevelop a 6.8ha land with a gross development value of RM1.5 billion in Petaling Jaya, Selangor. The mixed development project includes commercial, retail and residential units. DKLS said the redevelopment plan was [...]


Hunza’s Gurney Paragon stands out among the crowd

By BERNAMA GEORGE TOWN: Property development in Penang is moving at a feverish pace with buyers crazy over owning prestigious addresses like Gurney Drive and all the way up from Tanjung Tokong to Batu Ferringhi. Against such a backdrop, it is crucial for property players to introduce value-added development and feature attractive points to stand [...]


I-Bhd injects touristic value into its i-City project

By THE STAR PETALING JAYA: I-Bhd the developer of i-City has unveiled plans of developing an integrated leisure destination at its RM3bil i-City to mirror Clarke Quay in Singapore. According to chief executive officer Datuk Eu Hong Chew, Clarke Quay@i-City would be developed in three phases with the first phase comprising a cosmopolitan food and [...]


Prasarana earmarks second property development project

By THE STAR PETALING JAYA: Syarikat Prasarana Negara Bhd’s second property development project will be located on a two-acre site near the monorail station at Jalan Tun Sambanthan in Brickfields. Group managing director Datuk Shahril Mokhtar said although there was an abandoned building on the land in question, Prasarana planned to carry out a mixed [...]


I-Berhad targets up to RM500m revenue from i-City by 2014

By BUSINESS TIMES I-BERHAD aims to launch RM450 million worth of properties a year at i-City in Shah Alam, Selangor, giving it a steady revenue of RM400 million to RM500 million by 2014. Founder and chairman Tan Sri Datuk Lim Kim Hong said this will represent a significant leap for I-Berhad whose revenue from development [...]