So what if Singapore firms snap up properties in KL

So what really is the fuss when government-linked companies (GLCs) sell their assets in the Golden Triangle to foreigners, especially from Singapore?

MANY of the buildings and hotels located in the Golden Triangle are already owned by foreigners. Just take a walk along Jalan Sultan Ismail at the Golden Triangle and one cannot help but notice that most of the buildings and hotels are foreign owned.

The Renaissance Hotel is owned by a conglomerate from Bangladesh while Concorde Hotel is owned by a Singaporean. Next to Concorde is the IMC building that is owned by a Hong Kong group and further down the road, a Singapore group owns the KFC building.