Citaglobal Bhd Acquires Prime Jalan Tun Razak Land for RM73 Million Citaglobal Bhd (KL:CITAGLB) has entered into an agreement to acquire a 1.58-acre commercial land along Jalan Tun Razak from Bank Islam Malaysia Bhd (KL:BIMB) for RM73 million, reinforcing its strategic expansion within Kuala Lumpur’s prime commercial district. The acquisition is seen as a long-term value creation move, capitalizing on...
A New Era for Wisma KFC Hap Seng Consolidated Bhd has redefined Jalan Sultan Ismail’s skyline with the transformation of the iconic Wisma KFC into the Hyatt Centric City Centre Kuala Lumpur. This project underscores Hap Seng’s commitment to creating innovative and value-added developments in Malaysia’s property market. Four years after acquiring the property for RM190 million, Hap Seng unveiled the...
Additional Compensation Issued for Kampung Sungai Baru Land Acquisition The federal government has disbursed RM200,000 in additional compensation payments to 11 flat unit owners in Kampung Sungai Baru, Kampung Bharu, following an out-of-court settlement. This is part of the ongoing land acquisition process managed by the Kuala Lumpur Federal Territory Department of Lands and Mines (JKPTG WPKL) under the...
Selangor-Kuala Lumpur Border Demarcation: A Two-Year Plan The long-standing ambiguity over the borders between Selangor and Kuala Lumpur is set to be resolved within two years. Selangor Menteri Besar Amirudin Shari announced the update, emphasizing the importance of clear boundaries for effective governance and urban planning. Why the Border Demarcation Matters The Selangor-Kuala Lumpur boundary...
Construction firm Aneka Jaringan Holdings Bhd (KL) continues to expand its portfolio with the recent awarding of a RM39 million contract to carry out comprehensive groundwork and structural tasks in Jalan Pantai Sentral, Kuala Lumpur. As revealed in its Bursa Malaysia filing, the contract, which covers three distinct phases, was awarded to its wholly-owned subsidiary, Aneka Jaringan Sdn Bhd, by GDP...
Prime Commercial Site in Kuala Lumpur’s Golden Triangle Up for Sale, Ideal for Hotel Redevelopment A strategically located freehold commercial site at 290 Jalan Raja Chulan in Kuala Lumpur has hit the market for RM65 million (approximately SG$20 million). With a land area of 20,309 sq ft, the asking price translates to about RM3,201 psf (SG$985 psf). The site, currently utilized as a car park, is being...
Bamboo Hills Residences: A Prime Transit-Oriented Development for Sustainable Living and High Investment Potential A Gateway to City Convenience Located at the heart of Kuala Lumpur, Bamboo Hills Residences by UOA Development Bhd offers an unparalleled blend of modernity and nature. Strategically positioned at the intersection of Jalan Ipoh and Jalan Kuching, this transit-oriented development (TOD)...
Armani Group Celebrates Grand Launch of Lofthill Residence Sales Gallery in Kuala Lumpur On October 5, 2024, Armani Group marked a significant milestone with the grand opening of its Lofthill Residence Sales Gallery located on Jalan Inai, Kuala Lumpur. This state-of-the-art sales gallery offers visitors a comprehensive experience, serving as a one-stop centre for prospective buyers. Visitors can explore...
Old Klang Road, a legendary hub at the intersection of Petaling Jaya and Kuala Lumpur, has long been recognized for its vibrant blend of rich history and modern energy. As one of the oldest and most iconic roadways in the city, this dynamic boulevard offers a unique fusion of tradition and contemporary life. It’s this prime location that sets the stage for Majestic Gen Starz Residences, an exclusive...
Magma Group Bhd (KL) has announced a key acquisition that strengthens its foothold in the Kuala Lumpur property market. The hospitality and property development firm is purchasing a 2.26-acre plot of land in the Persiaran Dutamas area for RM80 million, with plans to develop serviced apartments and commercial spaces. Notably, former national badminton icon Lee Chong Wei will emerge as a significant...
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