Japan eager to see Shinkansen in Malaysia
Japan has made it known that it wants to see the country’s Shinkansen bullet train technology used in the high speed rail (HSR) project linking Kuala Lumpur and Singapore. Japanese Prime Minister Shinzo Abe had discussed the high speed rail project with Prime Minister Datuk Seri Najib during the bilateral meeting held in Tokyo yesterday. (MYSinChew)

“Mega mall” project in Iskandar scrapped
UEM Sunrise Bhd, the principal developer of Iskandar Malaysia, has scrapped its plan to build a ‘mega mall’ in the region, a move which stunned property experts, as the company was said to be in the midst of getting approval for the project in December last year. The cancellation is likely to create further worry for the Iskandar property market, which is already weakened by concerns of oversupply. (Malaysiakini)

Tabung Haji in process of selling TRX land
Lembaga Tabung Haji is in the process of selling the Tun Razak Exchange (TRX) land it purchased for RM188.5 million from 1Malaysia Development Berhad (1MDB). The fund is in the process of signing the sales and purchase agreement, but declined to reveal the potential buyer, saying that details would be revealed once the deal was completed. (The Malaysian Insider)

Malaysia still China’s largest ASEAN trading partner
Malaysia has been China’s largest ASEAN trading partner for the past 6 consecutive years since 2008, and is China’s third biggest trading partner after Japan and South Korea. The investment in each other’s countries is said to show long term commitment and establish a long history that will strengthen ties and cooperation. (Bernama)

Bina Puri’s first foray into Iskandar Malaysia
Bina Puri Properties Sdn Bhd will form a joint venture with LakeHill Resort Development to carry out a residential project in LakeHill Resort City, with an estimated GDV of RM204 million. LakeHill Resort City is a flagship development in the Iskandar Malaysia economic corridor, and the project will comprise 412 units of double-storey terrace houses within the development. (Bernama)

Government quarters in Brickfields to make way for high-rise
A cluster of 100-year-old government houses at Jalan Rozario in Brickfields, known as 100 Quarters, will be demolished by developer Malaysian Resources Corporation Bhd (MRCB) to make way for three residential 40-storey towers. The 1.4ha land has not been transferred to the developer yet, but DBKL had given the green light for demolition due to vandalism and safety reasons. (The Sun Daily)