Spanning 32.24 acres, the RM154 million Nova features 162 homes of which 64 are semi-detached houses, five are bungalows and the remaining four are bungalow lots. The semi-detached houses have a built-up of 3,370 sq ft with total land areas ranging from 3,601 to 7,580 sq ft. Prices for the semi-detached units start from RM1.97…
Read MoreKUALA LUMPUR (July 18): A total of RM162 billion in digital investments were approved between 2021 and the first quarter of 2024 (1Q2024), with the largest share or 76% coming from data centre investments, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. (pictured) Data centre investments accounted for the lion’s…
Read MoreKUALA LUMPUR (July 18): AmanahRaya Real Estate Investment Trust (KL:ARREIT) said on Thursday that it has signed a long-term tenancy agreement with Alfa International College Sdn Bhd for its property in Subang Jaya. The tenancy agreement with Alfa coincides with the expiry of the tenancy agreement with SEGi College on Feb 28, and it spans…
Read MoreKUALA LUMPUR (July 17): Integrated construction and property company PTT Synergy Group Bhd (KL:PTT), which recently announced a one-for-one bonus issue exercise, is acquiring two parcels of land with semi-detached factories in Selangor from Sime Darby Property Bhd (KL:SIMEPROP) for RM22 million in cash. The group, via its wholly owned subsidiary Pembinaan Tetap Teguh Sdn…
Read MoreWidad names largest shareholder Muhammad Ikmal Opat as deputy chairman, appoints two new directors Muhammad Ikmal, 56, owns a 0.06% direct stake in Widad and a 13.71% indirect stake via Widad Business Group Sdn Bhd. KUALA LUMPUR (July 18): Widad Group Bhd (KL:WIDAD) has named its founder and largest shareholder Tan Sri Muhammad Ikmal Opat…
Read MoreKUALA LUMPUR (July 18): Pavilion Real Estate Investment Trust’s (KL:PAVREIT) earnings and dividends are expected to pick up in the seasonally stronger second half, analysts said and recommended investors continue accumulating the stock. Net profit for the January-June period of RM150 million accounted for 44% of the consensus full-year estimate, though analysts expect earnings to…
Read MoreKUALA LUMPUR (July 17): Pavilion Real Estate Investment Trust’s (KL:PAVREIT) net property income (NPI) increased 18.8% year-on-year in the second quarter ended June 30 (2QFY2024) to RM120.3 million against RM101 million a year ago. The REIT’s NPI for the three-month period increased to RM120 million compared with RM101 million in the same period last year….
Read MoreKUALA LUMPUR (July 17): Econpile Holdings Bhd (KL:ECONBHD) said Retirement Fund Inc (KWAP) has ceased to be a substantial shareholder in the piling and foundation specialist. KWAP’s stake in Econpile dropped to below the 5% threshold necessary to be deemed a substantial shareholder after it sold 2.31 million shares on Tuesday, according to Econpile’s exchange…
Read MoreKUALA LUMPUR (July 18): One of the main challenges to timely registrations of strata titles is unresolved issues regarding land use categorisation on the developers’ part. This was pointed out by Department of the Director General of Federal Lands and Mines (JKPTG), Strata and Stratum Titles Division director Danial Lee Abdullah during the panel discussion…
Read MoreKUALA LUMPUR (July 18): The Malaysian Halal Council is coordinating efforts with the state governments and agencies to identify abandoned land for use to expand the country’s production of halal products, said Deputy Prime Minister Dr Ahmad Zahid Hamidi. (pictured) He said the move was part of an effort to ensure that the halal industry…
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