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Ho Hup Construction Company Bhd signed a joint venture (JV) agreement with Koperasi Serbausaha Makmur Bhd (Kosma) to develop a RM180 million mixed commercial project at Jalan Teluk Sisek, Kuantan. Located on 87,510 sq. ft. of freehold land, the project comprises a seven-storey three star-rated hotel, three commercial office floors and a block of 23-storey…

Sports Direct aims to set up a one million sq. ft. regional distribution centre in Greater Kuala Lumpur, in a bid to tap into all ten markets within the Asean region. They are currently seeking a site located in close proximity to Port Klang. (NST, 16/3/2018)

In 2018, MCAT Box Office Sdn Bhd (MBO Cinemas) has allocated RM52 million in capital expenditure (capex) as part of its expansion plan, particularly in Penang and Terengganu. The estimated cost to build a cinema in Kuala Terengganu and central Penang is RM15 million and RM17 million respectively. (The Malaysian Reserve, 15/3/2018)

The Malaysian Government is facing challenges in boosting the market for the bumiputra Mara digital mall. As of January 2018, the four nationwide Mara digital centres collectively recorded sales of RM37.7 million. (The Sun, 15/3/2018)

In 4Q17, the Malaysian retail industry reported a modest growth rate of 3.1% compared with 4Q16, as a result of rising costs of living, which eroded the purchasing power of Malaysian consumers. In 2017, the overall retail sales growth rate was 2.0% (RM99.8 billion). “Retail Group Malaysia” however positively foresees an average retail growth rate…

Located in Bintulu, Sarawak, the RM245 million “tHe Spring Bintulu” lifestyle mall offers a total retail space of approximately 390,000 sq. ft., which has the capacity to accommodate up to 127 retail outlets. The 2-storey mall includes 1,317 parking bays and is co-owned by Sarawak Land (Kemena Park) Sdn Bhd and Benlong Realty Sdn Bhd….

In June 2018, Colony is set to open “Dubbed Colony@KLEC” at KL Eco City, with 20,000 sq. ft. of space on five floors. The space has tremendous capacity to accommodate approximately 300 guests and additionally offers an entire floor for events, which can host up to 250 people. (The Edge Property, 13/3/2018)

“Aspire Tower” is a RM1 billion building, being sold on strata, which forms part of KL Eco City, with a gross development value of over RM7 billion. Located in Kuala Lumpur, the 49-storey building offers 42 levels of commercial units and seven floors of podium level car park. Three types of offices are offered with…

The Malaysian Government has allocated RM78 million to erect 500 units of “People’s Housing Project” (PPR) homes in the Kangar parliamentary constituency in Perlis. This allocation was in addition to eight existing projects worth RM300 million in Perlis, which were previously approved for the state. (NST, 14/3/2018)

On March 20, 2018, UEM Sunrise Bhd is on track to deliver its first Federal Territories Affordable Housing (RUMAWIP) project in Mont Kiara. With an estimated gross development value of RM217.5 million, “Kiara Kasih” is priced at RM200,000 per unit. The project will comprise a single 41-storey block, containing 719 residential units. (NST, 12/3/2018)

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