GEORGE TOWN (Dec 29): There are mixed feelings among Penang folk about land reclamation, especially the latest plan to create man-made islands off the southern coast of the island to finance the RM27 billion Penang Transport Master Plan (PTMP). Fishermen in the area are unhappy with the proposal by SRS Consortium Sdn Bhd to reclaim … Read more
Urban centres situated in the outlying areas of Kuala Lumpur have seen an increasing demand for residential and commercial developments brought on by the influx of a growing urban population. Kuala Lumpur has a population of almost 2 million people but less than 200,000 live in the city centre due to its high costs. With … Read more
PETALING JAYA, Dec 29: Selangor Properties Bhd’s net profit surged more than 16-fold to RM483.82 million for the fourth quarter ended Oct 31, 2015, compared with RM29.51 million in the previous corresponding period, mainly due to foreign exchange gain, and fair value gain on the revaluation of properties of RM17.2 million. Its revenue was up 3.09% … Read more
KUALA LUMPUR: Pavilion Real Estate Investment Trust (REIT) could see a growth in retail spending of between 3% and 4% for 2015, said Affin Hwang Capital Research. This is backed by anticipation of a robust fourth quarter, given the year-end festive season. The research house observed robust year-end shopper traffic at Pavilion KL mall, although … Read more