Work at its 24-acre Batu Kawan site has started GEORGE TOWN: The first IKEA store in the northern region will open in Penang by the third quarter of 2018. Ikano Pte Ltd, the owner of the IKEA franchise holder in Singapore, Malaysia and Thailand, said work at the Batu Kawan site had started and plans … Read more
With four ongoing large-scale projects, Malaysia’s Johor state is set to become the next economic powerhouse in the country behind Klang Valley, reported The Star Online. These mega developments comprise the multibillion-ringgit Forest City, the oil and gas facilities in Pengerang, the double-tracking project between Gemas and Johor Bahru, and the Kuala Lumpur-Singapore high-speed rail … Read more
KUCHING, Mac 3 (Bernama) — Sarawak targets to build 9,185 units of quality affordable homes under eight development projects by 2019. Its Housing Minister Datuk Amar Abang Johari Tun Openg said his ministry was cooperating with the state Housing Development Commission, Perbadanan PR1MA Malaysia (PR1MA) and local developers to build them. Speaking at a news … Read more
The total value of all developed properties around the globe has been revealed to be USD217 trillion, which is 2.7 times larger than the world’s GDP. Let that sink in for a moment. In a new analysis by consultancy and advisory firm Savills, which published the study for the first time, the world’s developed property … Read more
KUALA LUMPUR, Jan 28 — Prime Minister Datuk Seri Najib Tun Razak will announce the recalibrated Budget 2016 at noon Thursday which will be based on the reality of the current economic situation. The recalibrated Budget 2016, though necessary, will not in any way impact the people. In fact the government, in deciding on recalibration measures, … Read more
KUALA LUMPUR: Hospitality specialists Container Hotel Group and Everly Group have collaborated to manage the first international youth hotel in Cyberjaya. The 300-room hotel, located in a 10ha land in Roppongi, will be developed by BND Global Development. “The location is strategic as Roppongi will be the education hub in Malaysia as it will house … Read more
PETALING JAYA: Malaysians want to see a conclusion to the 1Malaysia Development Bhd (1MDB) investigations so that the country can deal with other economic issues, said Bank Negara governor Tan Sri Zeti Akhtar Aziz (pic). Zeti, who will be retiring in April, said various authorities were investigating different aspects of the strategic development company. “Everyone … Read more
SEREMBAN, Jan 18 — Felcra Bhd (Felcra) has identified 18 areas nationwide in preparation to build some 2,207 homes for second generation of Felcra settlers starting this year. Its chief executive officer Datuk Ramlee Abu Bakar said the housing projects were underway in Sri Makmor, Pahang and Seberang Perak. “In Negeri Sembilan 100 houses will … Read more
PUTRAJAYA, Jan 15 — The recalibration of the Budget 2016 will focus what are considered positive by the market and the people, said Prime Minister Datuk Seri Najib Tun Razak. Najib, who is also Finance Minister, said the recalibration would include issues on the cost of living, unemployment rate, private sector boost and commodities, especially … Read more
SINGAPORE, Jan 13 — The S$3.2 billion(S$1=RM3.05) Tanjong Pagar Centre in which the Employees Provident Fund (EPF) holds a 20% stake, is on schedule for completion by mid-2016. GuocoLand (Singapore) Pte Ltd’s Managing Director Cheng Hsing Yao said a wide range of tenants would be moving in progressively. “For the office space, the tenants coming … Read more