Billion-ringgit tower atop LRT station

By THE STAR Project to be developed by joint venture PETALING JAYA: In what may be Syarikat Prasarana Negara Bhd’s most ambitious project yet to unlock value from its real estate, the national public transport operator is partnering with a developer to build a billion-ringgit tower atop its Dang Wangi light rail transit (LRT) station. [...]


Sale of Seremban Parade not done deal

By BUSINESS TIMES SEREMBAN: THE Seremban Parade has not been sold. Last June, tycoon Li Ka-Shing’s Cheung Kong Group had emerged as the winning bidder of the three shopping complexes put up for sale by TMW Asia Property Fund. The sale of the other two shopping complexes – Klang Parade in Selangor and Ipoh Parade [...]


Sunway REIT will spend about RM200mil to rejuvenate Putra Place

By THE STAR PETALING JAYA: Sunway REIT Management Sdn Bhd, the manager of Sunway Real Estate Investment Trust (REIT), will refurbish Sunway Putra Place to rejuvenate and reposition the property as an exciting tourism and shopping destination. This follows the Federal Court’s decision on Feb 20 to dismiss the application by the property’s previous owner, [...]


Hua Yang unveils plans for Ipoh township

By BUSINESS TIMES IPOH: Hua Yang Bhd has unveiled plans for a pedestrian mall and three types of affordable homes on a 335.2ha site in Bandar Universiti Seri Iskandar (BUSI), about 25 minutes’ drive from here. The ongoing development has a gross development value (GDV) of RM80 million. BUSI is an upcoming township which has [...]


Shoppers, there’s a new mall in town

By BUSINESS TIMES KUALA LUMPUR: KL Festival City, the new mall under the Lion Group, expects tenants within the mall to rake in between RM300 million and RM400 million in the first year of operations. The mall, located along Jalan Genting-Klang, will achieve this by October 31 2012. The mall will be officially launched today. [...]


IOI gets tenants for mall

By THE STAR It will sign agreement with anchor and key tenants next months PUTRAJAYA: IOI Properties Bhd’s new shopping mall, IOI City Mall, will be sealing an agreement with one anchor tenant and one key tenant next month. Construction of the mall is on track to be completed by 2014, and will feature a [...]