KUALA LUMPUR (Apr 25): Construction company Inta Bina Group Bhd has secured a contract worth RM224.8 million to develop a 38-storey business serviced apartment in Subang Jaya. The group said in a bourse filing on Thursday that its wholly-owned Inta Bina Sdn Bhd had accepted the letter of award from Tropicana Metropark Sdn Bhd to…
Read MoreKUALA LUMPUR (April 25): Pavilion Real Estate Investment Trust (PavREIT) reported that its first quarter net property income (NPI) jumped 33.2% year-on-year, thanks largely to contribution from its newly acquired mall, Pavilion Bukit Jalil. The increase was also attributed to higher occupancy rates and higher revenue rent from its other retail malls. The REIT’s NPI…
Read MoreKUALA LUMPUR (April 25): Al-’Aqar Healthcare Real Estate Investment Trust (Al-’Aqar REIT) is actively targeting to acquire yield-accretive properties from KPJ Healthcare Bhd as part of its asset expansion plan. The proposed exercise will be funded through a combination of unit issuance and cash via bank borrowings, it said in a filing with Bursa Malaysia…
Read MoreKUALA LUMPUR (April 25): Shares of CapitaLand Malaysia Trust (CLMT) surged on Thursday to its highest in nearly four years while analysts remained upbeat following better-than-expected first-quarter (1Q) results. CLMT surged as much as four sen or 6.4% to 66.5 sen, its highest since June 2020. At 4pm, the counter pared some gains to trade…
Read MoreKUALA LUMPUR (April 26): Berjaya Corp Bhd (BCorp) has denied that its founder Tan Sri Vincent Tan Chee Yioun (pictured) participated in talks to revive a US$100 billion (RM477.60 billion) Forest City casino resort as reported recently. In a statement on Friday, BCorp said the article had included inaccurate information that misrepresented the conglomerate’s supposed…
Read MoreKUALA LUMPUR (April 25): JRG Minerals Sdn Bhd is collaborating with Shandong Huaxin Industry Co Ltd for a development project in Kuantan, Pahang, with an estimated value of RM15 billion. In a statement on Thursday, JRG said the duo have inked a memorandum of understanding (MOU) to develop a mixed-use development on 2,428 hectares of…
Read MoreKUALA LUMPUR (April 26): Global real estate agency network IQI is opening its first Indonesia office with the launch of IQI Unreal Bali. This is the latest in its expansion efforts which have encompassed office launches in Japan, Pakistan, and Vietnam. “The launch of IQI Unreal Bali is the latest expression of our strategy of…
Read MoreThis scheme incentivises property owners to invest in solar energy systems by offsetting their electricity bills and potentially earning revenue from surplus energy generation by AUFA MARDHIAH & ZAHIN ZAILANI IN MALAYSIA, both commercial and residential properties have been increasingly adopting solar power installations. The Net Energy Metering (NEM) scheme allows property owners to install…
Read MoreKUALA LUMPUR (April 24): OCR Group Bhd on Wednesday entered into a deal with a landowner to jointly develop a residential project on 18.37 acres (7.43 hectares) of freehold land in Templer, Rawang, with an estimated gross development value of RM313 million. The project comprises 118 semi-detached houses, 37 bungalow lots, and five shoplots, the…
Read MoreKUALA LUMPUR (April 25): Eden Inc Bhd’s major shareholder Tan Sri Abd Rahim Mohamad is proposing to settle a RM45.65 million debt his company owes Eden by transferring the ownership of a 2.4 million sq ft (about 55 acres) leasehold land to the listed entity. Abd Rahim — the father-in-law of entrepreneur Datuk Fakhri Yassin…
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