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Thean Lee Cheng

Recent and archived articles by Thean Lee Cheng

21 Oct 2017 | 7:00 AM

Comintel to give special cash dividend after sale of subsidiary

KUALA LUMPUR: Comintel Corp Bhd will reward shareholders with a special cash dividend after its proposed disposal of wholly-owned subsidiary BCM Electronics Corp Sdn Bhd for a cash consideration of RM123.8mil, subject to the settlement of related party advances, Comintel said in a Bursa announcement.

12 Oct 2017 | 7:00 AM

Tech changing office space trend as price down

Landlords are seeing a flight to quality as multinational companies (MNCs) and local corporations take advantage of the availability of better grade office space at competitive rates and attractive tenancy terms, said Knight Frank Malaysia executive director (corporate services) Teh Young Khean.

Report launched: (from left) Sarkunan, InvestKL CEO Datuk Zainal Amanshah and Knight Frank Asia-Pacific head of research Nicholas Holt at the launching of Global Cities: The 2018 Report.
12 Oct 2017 | 7:00 AM

Developer sees a better year for residential sector

SHAH ALAM: Worldwide Holdings Bhd, one of the pioneer developers in Puncak Alam, Selangor is seeing a gradual improvement in the residential property sector.

Property launch: Rosli posing with a landscape model of Puncak Bestari 2. He says the company will launch 90 double-storey linked units this weekend.
6 Oct 2017 | 7:22 PM

Viable national policy crucial to resolve property supply, demand: Johari

PETALING JAYA: The oversupply of office and retail mall space and the gross mismatch between housing supply and demand are challenges facing the housing and property sector.

In the office sector, Johari said new offices have reported 70% vacancy rate even with six to seven months free rental periods.
6 Oct 2017 | 7:00 AM

Bukit Bintang project on track

KUALA LUMPUR: With a change at the helm, it is good to do a review and Low Thiam Chin, who took over from Datuk Richard Ong as CEO of Bukit Bintang City Centre Development Sdn Bhd (BBCC), is pleased to know that he is taking over a project that is shaping up very nicely.

Model development: Bukit Bintang City Centre Development Sdn Bhd CEO Low Thiam Chin with a scale model of the Bukit Bintang City Centre project. Low took over from Datuk Richard Ong in July.
5 Oct 2017 | 12:07 PM

Rehda sees risks, currency issues weighing on property market

PETALING JAYA: Both property developers and buyers want to believe that the worse is over in the property sector but different risks, currency issues and the global environment challenges continue to weigh on the sector, says Real Estate and Housing Developers Association, Malaysia (Rehda).

Rehda president Datuk Fateh Iskandar Mohd Mansor: "Key challenges with regards consistency in policies, rising costs of compliances remain unresolved."
5 Oct 2017 | 7:00 AM

TRX retail mall gets three anchor tenants

KUALA LUMPUR: More than a quarter of the net lettable area (NLA) of retail space at Lendlease’s Lifestyle Quarter in the Tun Razak Exchange (TRX) has been successfully leased to three anchor tenants.

Retail space: An artist’s impression of Lendlease’s Lifestyle Quarter at TRX. More than a quarter of retail space has been leased to three anchor tenants.
4 Oct 2017 | 5:35 PM

Work on Tun Razak Exchange's Lifestyle Quarter in full swing, says Lendlease

KUALA LUMPUR: Key Lendlease projects in Malaysia achieved significant milestones last month, with the Tun Razak Exchange (TRX) Lifestyle Quarter obtaining approvals and moved into the construction phase of the development.

2 Oct 2017 | 7:00 AM

IOI Properties to build 900 townhouses in Bangi and Sepang

PUTRAJAYA: Township developer IOI Properties Group Bhd aims to launch a total of about 900 units of townhouses in Bandar Puteri Bangi and Warisan Puteri in Sepang with an indicative price of about RM450,000 in the last quarter of this year or the first quarter of 2018.

Firm’s strategy: Lee says the IOI Properties’ strategy of building townhouses is to enable buyers to enjoy a landed environment at a lower price.
28 Sep 2017 | 7:00 AM

Pavilion project bucks trend

KUALA LUMPUR: Property developer Pavilion Group and the Canada Pension Plan Investment Board (CPPIB) unveiled one of Kuala Lumpur’s most anticipated mixed integrated developments yesterday in a project that seems to buck the current slow property market. About 70% of the unveiled Pavilion Damansara Heights have been sold

Prestigious development: (from left) Kuala Lumpur Pavilion Sdn Bhd CEO Datuk Joyce Yap, FT Minister Datuk Seri Utama Tengku Adnan Tengku Mansor, Pavilion design director Tan Peng Han, Pavilion Group deputy chairman Puan Sri Cindy Lim and 1 Pavilion Property Consultancy Sdn Bhd sales and marketing director Datuk Tracey Lai with a model of Pavilion Damansara Heights