• The buyer of the five-star Thistle Johor Bahru is YTL Hotels & Properties, a subsidiary of YTL Corporation Bhd (KL:YTL), said GuocoLand in a Singapore Exchange filing on Monday.

SINGAPORE (Sept 1): GuocoLand is selling a Johor Bahru hotel and the land plot it sits on for RM150 million, and will book a net gain of RM35 million or S$11 million upon completion of the deal.

The buyer of the five-star Thistle Johor Bahru is YTL Hotels & Properties, a subsidiary of YTL Corporation Bhd (KL:YTL), said GuocoLand in a Singapore Exchange filing on Monday.

The possibility of this transaction was first reported by The Edge Malaysia weekly in its Aug 18-24 issue...(click here for the full story on theedgesingapore.com).

As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.

SHARE
SPONSORED CONTENT
KLK TechPark @ Tanjong Malim—Freehold industrial hub driving Malaysia’s automotive, high-tech future

KLK Land managing director Lee Wen Ling said KLK TechPark is positioned to deliver long-term value not just for investors, but for the wider ecosystem of manufacturers and developers seeking scalable, sustainable and strategically located assets.

read more
RELATED POSTS
  1. EcoWorld FY2025 net profit jumps 44.3% to RM445.3m on record RM4.55b sales
  2. MACC issues another forfeiture notice on properties linked to late Tun Daim
  3. Software glitches push LRT3 timeline back, no new operational date yet, says Prasarana