News by M

According to the Valuation and Property Services Department (JPPH), Kuala Lumpur's retail sector or shopping complexes secured more than 83% occupancy whereas Selangor saw a slight drop to 82%.

The number of overhang properties had decreased by 5.1% in volume and 5.2% in value to 30,664 overhang units worth RM18.82 billion respectively, according to the Valuation and Property Services Department (JPPH).

According to the Valuation and Property Services Department (JPPH), majority of the property segments have seen market improvements in transaction volume with the commercial segment recording the highest y-o-y growth of 7.2%, followed by residential (6%), industrial (3.8%) and agricultural (2%). However, development land transactions dropped 1.2%.

The five-star hotel which is located at Jalan Bendahara in Malacca city, which was built in early 80s, is managed by Wyndham Hotel Group.

The reports said Zhang announced through an internal letter that he would retire earliest in 10 years.

In a statement, it said the decision was made after much thought and effort to keep the business afloat amid low occupancy over the past years due to increased competition from new hotels and proliferation of homestays in the KLCC vicinity.

The last time the number of daily infections exceeded the number of cured cases was on April 21, with 57 new infections against 54 cured cases.

The directive takes effect from Wednesday (April 29), until further notice.

According to the property developer, the sector has a multiplier effect on more than 140 industries and is reliant on domestic consumption.

In Oriental Daily's brief announcement, it wrote that it would undergo a complete transformation from May 1 by only printing a condensed edition of the newspaper five days a week (Mondays to Fridays) with each copy to be sold at RM0.60, while there will be no newspaper printed on Saturdays and Sundays.