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Country Heights plans asset-backed cryptocurrency

PETALING JAYA: Loss-making property developer Country Heights Holdings Bhd plans to issue an asset-backed cryptocurrency, which will used mainly as an utility or reward token with the company’s services or product offerings.

Hektar CEO: Understanding the market is the way to success

IN light of the sluggish property market currently, retail-focused Hektar Real Estate Investment Trust (Hektar REIT) is concentrating on improving the malls within its portfolio to adapt to the changes in the industry and remain competitive.

Golden win: Hisham (left) receiving the Gold Award under the ‘Retail REIT’ category at the Asia Pacific Best of The Breeds REITs Awards 2018.

Hybrid auction draws online and on-site bidders

ONLINE bidders were seen aggressively sending in live bids to outbid competition on the auction floor at the Maybank Property Carnival and Property Hybrid Auction Fair.

State gives the green light to Melaka Gateway project

MELAKA: The state government has given the go-ahead for the controversial Melaka Gateway project.

Adly says the developer of Melaka Gateway has completed 60 of the project and has been allowed to continue with it.

Know where you stand to get where you want to be

Learning from Pakatan government’s financial management challenges

A first privately built Green Building Index office in Sarawak

KUCHING: With a focus on advanced technology and innovation, Hock Seng Lee Bhd (HSL) is going for Green Building Index (GBI) certification for its new headquarters.

HSL Tower, which is currently under construction, will be the first private office building in Sarawak to be Green Building Index-certified. - ZULAZHAR SHEBLEE / THE STAR

Leasing challenge for TRX

New KL development to take on rising supply of office space when it’s ready

Asking price: The initial asking rent of RM17 per sq ft sought by Exchange 106 may come down to between RM11 and RM12 per sq ft. However, Lombardo (pic, below) is keeping mum on his asking rent for the Lifestyle Quarter.

Short Position

Business news in brief.

Office space take-up rate drops with O&G downturn

This is the first of a two-part series. Jones Lang Wootton’s in-house research indicates that the annual net office take-up in the Klang Valley in 2016 and 2017 was 1.25 million sq ft and 0.57million sq ft respectively.

JAG: Time to change colonial-era laws, allow consensual sodomy, stop marital rape

PETALING JAYA: Malaysia should emulate India's footsteps to abolish colonial-era anti-sodomy laws, said the Joint Action Group for Gender Equality (JAG).