News by M

The unhealthy practice of liquidators imposing such exorbitant administrative fees for executing the transfer of individual titles to purchasers has now become a norm.

Mynews Holdings Bhd said its subsidiary has been served with a winding-up petition over a rental dispute involving a retail lot at the Pacific Express Hotel.

Sentral REIT did not specify how much builder and property developer MRCB will pay for QRH's 39% stake in SRM.

The Budget 2023 is seen as a pre-election budget, and the government is expected to take positive steps with measures to boost the property market, which has ailed along with the Covid-19 pandemic.

Tropicana Corp Bhd has signed a hotel management agreement with Marriott International to build a 270-key five-star hotel at its mixed development in Langkawi, Tropicana Cenang

The fund said the hub will be located on 27 acres of freehold land and equipped with the Automated Storage and Retrieval System (ASRS) technology, providing increased efficiency and flexibility for tenants.

Noteworthy:

• Rented
• Built up: 2,500 sq ft each
• 5 bedrooms, 2 bathrooms (60-3 and 60-4), 2 bedrooms, 2 bathrooms (60-5)
• Office
• Semi-furnished (60-4), Unfurnished (60-3 and 60-5)
• Nearby amenities: Serviced apartments, retail entertainment space, convenience stores, F&B outlets, Chan Sow Lin LRT station.
• Accessibility: Jalan Loke Yew, Jalan Tun Razak, Jalan Pudu, KESAS highway, Federal highway

When: July 2022 (Unit 60-3), September 2022 (Units 60-4 and 60-5)   

The top foreign buyers of condos in the city state are Chinese citizens.

MCC Overseas (M) Sdn Bhd (MCC Malaysia) has obtained an 89% Quality Assessment System in Construction (QLASSIC) score for the construction of The Face 2 Platinum Victory Suites, the highest rating recorded in history under the high-rise residential category since the system was introduced in 2007.

The development will span 30 acres and is valued at RM356 million while featuring 269 bespoke homes to be built in three phases.