KUCHING: Members of the public and interested parties are advised to invest in properties or housings as early as possible for investment or personal use, before the upturn of the local economy. Assistant Minister for Housing and Public Health and Assistant Minister for Education and Technological Research Dr Annuar Rapaee made this call after launching […]
KUALA LUMPUR (March 12): Based on corporate announcements and news flow today, stocks in focus on Tuesday (March 13) may include Ekovest Bhd, UMW Oil…
KUALA LUMPUR, March 12 — KSL Holdings Bhd has proposed to acquire two parcels of leasehold land measuring 47.73 hectares in Tebrau, Johor Bahru for RM133.59 million cash. In a filing with Bursa Malaysia, the property developer said its…
KUALA LUMPUR, March 9 ― DRB-Hicom Bhd has proposed to swap its non-industrial property assets and its entire hospitality portfolio for industrial land in Tebrau, Johor, in a deal worth RM1.9 billion. According to English daily The Star, the…
KUCHING: Potential property and house buyers can expect special offers on properties and houses as well as exciting activities at the upcoming Sarawak Housing and Real Estate Developers’ Association (Sheda) Kuching Branch Home & Property Roadshow 2018. The roadshow, which is Sheda Kuching Branch’s first for 2018, will be held from March 16 to 18 […]
KUALA LUMPUR, March 8 — DRB-HICOM Bhd is disposing of a large portion of its non-industrial property assets and its entire hospitality portfolio in a deal worth RM1.9 billion, as it moves to take advantage of its experience in the development…
KUCHING: Loans growth in 2018 is expected to improve compared to the previous year, following the slight pickup in loans growth recorded in January, analysts observed. As per Bank Negara Malaysia’s monthly highlights and statistics, the banking system’s total loans for January 2018 amounted to RM1.59 trillion, up 4.2 per cent year on year (y-o-y). […]
KUALA LUMPUR: Property developer M101 Holdings Sdn Bhd is partnering with the US toy company Hasbro Inc for the world’s first Monopoly-themed hotel, which will be located at its existing mixed development project called M101 Bukit Bintang.
The mixed development project, situated in Bukit Bintang area, include small office flexible office (SoFo), retail lots and hotel suites.
“The GDV for this development is around RM280 million. We have started construction works two years ago and we expect to hand over the project by end of this year,” M101 CEO Datuk Seth Yap told reporters at the licensing agreement signing ceremony with Hasbro today.
“Our underlying concept is to collaborate with international renowned brands, a unique and interesting brand that you might not think is possible for a hotel. And there is a lot of international brands that are willing to work with us,” he added.
M101 had previously announced its collaboration with brands such as Planet Hollywood and Studio F.A Porsche to deliver exclusive suites in its M101 Skywheel project in Kuala Lumpur.
Upon completion, Yap said the five-star boutique hotel, to be known as Monopoly Mansion by Sirocco, will be managed and operated by the developer’s hospitality arm Sirocco Hospitality Group.
The Monopoly Mansion will feature 255 luxurious guest rooms, a rooftop pool and sky lounge, a sky ballroom, meeting lounges and a spa.
To date, Yap said, M101 has launched three projects with a total gross development value (GDV) of RM2.6 billion, namely RED by Sirocco, M101 Skywheel as well as M101 Bukit Bintang.
On its 2018 outlook, he said this year the group will see a slowdown in terms of sales, as it will be focusing more on its existing projects and project launches.
He noted that the group’s M101 Skywheel project, which has seen a take up rate of 80% for Phase 1 of its SoFos, registered about half a billion ringgit sales last year.
The project is targeted to be completed by 2022.
Going forward, Yap said the group plans to expand its regional presence in Bintan and Bali, Indonesia, as well as Thailand. Currently, the group has presence in 15 countries including China, Brunei, Taiwan, Bangladesh and Sri Lanka.
KUALA LUMPUR, March 1 ― Malaysia’s property developer, UEM Sunrise Bhd has signed a joint venture agreement with Australia’s largest collaborative workspace provider WOTSO to create and operate its sustainable co-working spaces in Malaysia…
KUALA LUMPUR (Feb 27): Based on corporate announcements and news flow today, stocks in focus on Wednesday (Feb 28) may include the following: Star Media…