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Al-`Aqar Healthcare REIT selling Johor property for RM100m
BY JOSEPH CHIN KUALA LUMPUR: Al-`Aqar Healthcare REIT is selling a hotel and a tower block in Johor Baru for RM100mil cash to Optimum Impress Sdn Bhd as it seeks to reduce its borrowings.It said on Monday the properties involved the 27-storey Hotel Selesa and 31-storey office block –...
Analysts neutral on IOI Properties purchase of Singapore land
BY GANESHWARAN KANAPETALING JAYA: IOI Properties Group Bhd’s (IOIPG) recent acquisition of the 2.7-acre leasehold land in Singapore worth S$2.56bil (RM7.77bil), has been received with neutral views by analysts as the land purchase is expected to stress the company’s net gearing ratio.Hong Leong...
Playing a vital role in shaping Bandar Country Homes
Soong at the BCHRA building located in Jalan Desa Ria in Bandar Country Homes, Rawang SINCE the township of Bandar Country Homes in Rawang was established in 1992, its residents had asked the authorities for amenities such as post office, banks, a police station and simple public facilities...
Propenomy Gym: Property workshop designed for Gen-Y
BY JONATHAN ROBERTSjonathan@propwall.comA FEW years ago, the real estate market boom saw property prices shoot through the roof, leaving many youths wondering if they could ever afford a home to call their own.The prospect of paying rents for the whole lives is bleak, but Gen-Ys can still afford...
The Luxe by Infinitum, peerless in many ways
By MAK KUM SHIThe LuxeTHE capital city of Kuala Lumpur presents a wide range of business, tourism and employment opportunities, but it presents its own set of challenges for those who want to grasp those opportunities as well.Therefore, compact homes with excellent value at competitive prices and...
New contractors to continue sewerage works in Taman Melawati
BY SHALINI RAVINDRANResidents hope that the stalled sewerage upgrading work in Taman Melawati, Ampang will be completed soon as it is causing traffic congestion in the area.THE stalled sewerage upgrading work in Taman Melawati, Ampang resumes this month, said the Ampang Jaya Municipal Council...
Bank and mall ink online financing solution for suppliers
(From left) RHB Bank Berhad Group Business and Transaction Banking head Datin Amy Ooi Swee Lian, Khairussaleh, Mohamed Khadar and group chief financial officer Chuah Eng Khoon at the signing ceremony.RHB Bank Berhad has signed a partnership agreement with Sogo (KL) Department Store Sdn Bhd to...
Asia seen continuing to be centre of growth
BY TOH KAR INNDomestic demand expected to spur economic activities in regionKUALA LUMPUR: Despite the outcome of Donald Trump’s presidency, Asia is expected to be the centre of growth, ultimately driven by domestic demand, according to an economist.Domestic demand in the region is improving and...
Reduction in new village land premiums to be considered
Ng Suee Lim (DAP-Sekinchan) has asked Selangor New Village Committee chairman Ean Yong Hian Wah to reduce the land premiums for new villages in the state.Ng said residents with expired leases found it difficult to pay the price of the premiums, that increased every year, and suggested that it be...
WCT order book at new high with MRT job
KUALA LUMPUR: WCT Holdings Bhd’s (WCT) recent RM896.4mil contract win from MRT Corporation has raised its orderbook level to a new high at RM4.7bil, said Hong Leong Investment Bank (HLIB) Research said on Thursday.MRT Corp had awarded the work package V204 of the MRT2 line to WCT. The job scope...