News by theedgemalaysia.com

A lawmaker has questioned the significant cost difference between the estimated costs for the construction of five previously cancelled Light Rail Transit Line (LRT3) stations in the Klang Valley and Penang's much larger LRT project.

While lauding the proposed relaxation of the Malaysia My Second Home (MM2H) rules under Budget 2024, Glomac Bhd managing director and chief executive officer (CEO) Datuk Seri Fateh Iskandar Mansor (FD Iskandar) urged the government to consider imposing the flat 4% stamp duty on Memorandum of Transfer (MOT) documents on foreign property purchasers only after there is significant uptake of units in the local market.

Airbnb, operator of an online marketplace for vacation rentals and tourism activities, recently teamed up with the Town and Country Planning Department (PLANMalaysia) to develop a set of guidelines for short-term rental accommodation (STRA) nationwide, it announced in a press release on Wednesday.

Radium Development Bhd has completed RM40,000 worth of upgrading works for Shelter Home for Children’s residence at Taman Overseas Union Garden (Taman OUG) to show its commitment to corporate social responsibility (CSR).

Renaissance Kuala Lumpur Hotel & Convention Centre in the city centre reopened its doors to the public on Oct 20, after having closed down in June 2020 for renovations.

Property developer Grand Global Heights Development Sdn Bhd's Grand Damansara mixed development in Petaling Jaya has achieved a 75% take-up rate for its Lifestyle Suites tower since the office component's official launch last weekend (Oct 21 and 22), according to a press release issued on Tuesday.

Formerly Majestic Builders of the Majestic Group, Majestic Gen Sdn Bhd’s Majestic Residence in Jalan Dewan Sultan Sulaiman, Kuala Lumpur has been 85% taken up since its launch on Oct 21 and 22, according to a press statement on Wednesday.

Wasco Bhd's (formerly known as Wah Seong Corp Bhd) wholly owned subsidiary, W S Engineering & Fabrication Pte Ltd has secured a US$33.89 million (RM161.86 million) contract for the supply of pre-fabricated-buildings for a project in Africa.

Hilton Yokohama, located in Minato Mirai 21, Yokohama, Japan, officially opened its doors to guests on Tuesday, according to a press statement issued on the same day. The hotel, operated by Hilton, is developed and owned by Ken Corp Ltd.

Atrium Real Estate Investment Trust's (REIT) net profit for the third quarter ended Sept 30, 2023 (3QFY2023) fell 4.1% year-on-year on higher expenses owing to an increase in finance costs amid the elevated interest rate environment.