Headquartered in Beijing, Dalian Wanda Group, or Wanda Group, a multi-national conglomerate founded by China’s richest man, Wang Jianlin, is speculated to be bidding for the Bandar Malaysia project together with local property developer Malton Bhd, which is headed by Tan Sri Desmond Lim.

Kedah-based Eupe Corp Bhd has redesigned and renamed its serviced apartment project in Cheras previously known as “The Weave” to “Parc 3”. The change was made in order to develop a product which fits better with the current market conditions, said group managing director Datuk Beh Huck Lee.

Prominent property developer S P Setia Bhd, government-linked asset manager Permodalan Nasional Bhd (PNB) and Amanahraya Trustees Bhd (as trustee for Amanah Saham Bumiputera) have entered into a non-binding Memorandum of Intent to commence negotiations on the proposed acquisition of I&P Group Sdn Bhd by S P Setia.

The Hamstead at Desa Tun Razak, Cheras has received an overwhelming response for its private launch and unit selection event held earlier this morning. The project fully taken up within 3 hours.

There will be no further sale of land within the Tun Razak Exchange (TRX) compound in the next two to three years until the infrastructure for the 70-acre mixed-use development in the heart of Kuala Lumpur is ready.

China's Alibaba Group Holding Ltd established its first overseas e-commerce hub in Malaysia yesterday, which will see the e-commerce giant investing into both the infrastructure and real estate projects.

InterContinental Hotels Group (IHG), one of the world's leading hotel companies, announced the signing of a management agreement with Yuk Tung Properties Sdn Bhd, a member of the Yuk Tung Group, to develop a 338-room Crowne Plaza, a 5-star international hotel brand, in downtown Kuala Lumpur.

The Hamilton at Wangsa Maju was fully taken up on its unit selection day held yesterday. It was fully booked by 10am with the expected signing of SPA period to begin in early March.

The worst for the property market seems to be over, as exemplified by the overwhelming response from buyers of 3rdNvenue located off Jalan Ampang.

SEA Games ice hockey and figure skating to be held in the mall’s ice skating rink.

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