News

Merdeka 118 Officially Renamed Menara Merdeka Maybank Menara Merdeka 118 has been officially renamed Menara Merdeka Maybank following Maybank’s relocation into the landmark Kuala Lumpur tower as its new corporate headquarters. Malaysia’s largest bank by assets confirmed that the registered address of its headquarters is now Level 70, Menara Merdeka Maybank, Presint Merdeka 118, 50118 Kuala...

COMPASS @ Kota Seri Langat Reaches Full Take-Up COMPASS IP Sdn Bhd has signed a sale and purchase agreement for the final 36-acre parcel at COMPASS @ Kota Seri Langat, marking the full take-up of the 220-acre freehold managed industrial park in Selangor. The buyer, Global Data Infrastructure Sdn Bhd, is part of a global infrastructure development consortium specialising in data centres. It intends...

Beverly Group Plans RM1.1 Billion Luxury Project In TRX Beverly Group is planning a RM1.1 billion luxury serviced apartment development on a freehold site within Tun Razak Exchange, marking the developer’s entry into Kuala Lumpur’s premium city-centre residential market. The project will occupy a 1.08-acre parcel acquired through a joint venture involving Beverly Group, Adamantine Capital Pte Ltd...

Sime Darby Property Secures A Fairly Priced KLCC-Fringe Site Sime Darby Property Bhd appears to have secured a reasonably priced city-centre redevelopment opportunity through its proposed RM160 million acquisition of Wisma Unirazak, although the future project will enter an increasingly competitive Kuala Lumpur high-rise market. Research houses including Maybank Investment Bank described the...

Seremban And Nilai Are Becoming A Connected Growth Corridor Seremban and the wider Nilai corridor are increasingly being shaped as part of a connected urban and industrial region rather than as separate towns outside the Klang Valley. Their growth is being supported by a combination of industrial investment, highway and rail infrastructure, proximity to Kuala Lumpur International Airport, available...

RTS Link Could Bring RM3.3 Billion More Spending Into Johor Bahru The upcoming Rapid Transit System Link could generate an additional RM3.3 billion in annual spending by Singaporeans in Johor Bahru, according to a new study on the project’s impact on cross-border consumer behaviour. The study, titled “Impact of RTS on Singapore Retail and F&B Sector”, projects that the RTS Link could lead to a...

Astro To Sell Cyberjaya Commercial Property For RM92 Million Astro Malaysia Holdings Bhd is disposing of a freehold commercial property in Cyberjaya for RM92 million, in a transaction that allows the group to realise value from a non-core asset while strengthening its cash position. The disposal is being undertaken by Astro’s wholly owned subsidiary, MEASAT Broadcast Network Systems Sdn Bhd, which has...

AEON Mall KL Midtown Scheduled To Open In The Fourth Quarter AEON Co (M) Bhd is preparing to open AEON Mall KL Midtown in the fourth quarter, adding a new integrated retail destination to the Dutamas and northern Kuala Lumpur market. The mall will have a net lettable area of approximately 367,000 sq ft and will form part of the wider KL Midtown and KL Metropolis development environment, where offices,...

Tabung Haji Considers Joint Venture For TRX Land Lembaga Tabung Haji is considering a joint venture proposal for a prime land parcel in Tun Razak Exchange, as the institution looks to enhance returns for its depositors from strategic property assets. Tabung Haji chairman Tan Sri Abdul Rashid Hussain said the fund has received various proposals for the future development of the newly acquired TRX land and...

Spider-Man Light Show To Take Over The Exchange TRX Sony Pictures Malaysia is bringing Spider-Man into the heart of Kuala Lumpur with a free public light show at Raintree Plaza, The Exchange TRX, on July 24 and 25. The two-night activation is being held as part of the countdown to the Malaysian release of Spider-Man: Brand New Day, which is scheduled to premiere on July 30. The light show will begin at...