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Hock Seng Lee Bhd (HSL) plans to launch several residential and industrial property projects in Kuching and Samarahan Divisions with a combined gross development value (GDV) of some RM160 million in 2017. The forthcoming launch in La Promenade, off Kuching-Samarahan Expressway, is Precinct Luxe (phase 1), which will have 32 double-storey superlink homes with a…

Ho Hup Construction Co Bhd has appointed InterContinental Hotels Group (Asia Pacific) Pte Ltd (IHG) to manage its new Crowne Plaza Kota Kinabalu Waterfront hotel in Kota Kinabalu, Sabah. The 367-room hotel, which will be constructed by Golden Wave, is expected to be completed by 2021. (The Edge Property, 20/1/2017)

Hotel Jen Penang by Shangri-La has unveiled its Club Lounge, marking the completion of the first phase of its enhancement programme. The lounge is located on the 16th floor and overlooks George Town. The hotel is under-going a three-phase enhancement programme that started in July 2016 and is set to be completed by the end…

BMT Jelas Sdn Bhd has started preliminary works for the proposed RM4.6 billion expressway that will connect Jelapang in Ipoh to Batu Kawan in Penang. The 116 km expressway, named Jelapang-Selama-Batu Kawan Expressway (Jelas), is anticipated to be completed within three years upon obtaining approval from the federal government. To serve as an alternative link…

Penang is gearing up for the arrival of some 17,000 passengers from five cruise ships which are scheduled to make a port call at the Swettenham Pier on March 13, 2017. The ships are: Superstar Gemini, Superstar Libra, Diamond Princess, Star Clipper and Mein Schiff 1. Cruise operators are expected to be using the “tandem-boat”…

The south-west district of Penang island will attract RM20 billion worth of new residential and commercial projects over the next 5 to 10 years. The developers Ideal Property Sdn Bhd and Hunza Properties Bhd are planning projects worth about RM13 billion. Ideal Property’s projects are a RM2.4 billion mixed use development project on Pulau Jerejak,…

Interest rates for housing loans are hovering around 4.6%, which is expected to rise in the near future in response to the rate hike in the United States and to the higher yield on Malaysian government bonds. Rehda (Real Estate and Housing Developers’ Association) Penang expects transactions for 2017 to remain low and prices for…

Phoenix Hotel Forest City, a four-star hotel opened to the public after its recent launch. Located on a 4.23 acre site, Phoenix Hotel Forest City has 285 guest rooms which are priced from RM539 per night. The hotel includes a multi-purpose banquet hall which can accommodate up to 500 people, meeting rooms and a selection…

Eco World Development Group Bhd (EcoWorld) has officially opened a 33-acre public park known as the West Lake Gardens town park at its Eco Tropics township in Kota Masai, Pasir Gudang, Johor. The RM14.5 million West Lake Gardens is one of the largest parks in the state and comprises a scenic lake, gazebos, gardens, outdoor…

Iskandar Waterfront City Bhd (IWCITY) plans to undertake a mixed development project on its newly acquired land bank within the Sungai Danga vicinity in Iskandar Malaysia. IWCITY’s wholly-owned subsidiary Success Straits Sdn Bhd (SSSB) has proposed to buy 4.25 acres from Malgold Construction Sdn Bhd and 5.36 acres from Eight Danga Sdn Bhd for RM39…

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Jones Lang Wootton