80% of CORE Residence @ TRX sold to international investors, including Malaysians
Monthly Archives: March 2023
IHG Hotels & Resorts plans to create more than 800 new jobs this year and double its estate in Malaysia by 2025.
Pavilion Real Estate Investment Trust (Pavilion REIT) says its proposed acquisition of Pavilion Bukit Jalil Mall (PBJ Mall) for RM 2 2 billion has been approved by shareholders.
Sheraton Kuching, the newest addition to the Sheraton Hotel chain, is set to open in Kuching, Sarawak, in the second quarter of this year.
Malaysia’s total property transaction value hit RM179.07 billion in 2022, the highest-ever value recorded by the National Property Information Centre (Napic) since 2001.
Malaysian Association of Hotels president Christina Toh said hotel rates have increased across the board, including for hotels rated three to five stars, at an average of 15% year-on-year
Bank Negara Malaysia (BNM) has decided to maintain its overnight policy rate (OPR) at 2.75%, as inflation is expected to moderate in 2023.
Spanish hotel chain Meliá Hotels International is expanding its INNSiDE brand in Asia with the opening of two new INNSiDE hotels in Kuala Lumpur and Bangkok respectively
AME REIT seeks to explore more acquisition opportunities