KUALA LUMPUR (March 27): OCR Group Bhd has topped out its mixed-development The Mate located in Damansara Jaya, Petaling Jaya with a take-up rate of 80%, according to a press release on Wednesday. The Mate is a mixed-development project made up of three components, which are residential, co-living and co-working spaces. It occupies 1.01 acres…
Read MoreLifestyle properties go beyond mere housing, revolving around convenience, connectivity and a sense of community. In the dynamic real estate landscape of Malaysia, a discernible trend is gradually assuming prominence—the emergence of lifestyle properties. These properties are designed with a singular purpose: To offer a comprehensive and enriching living experience. Gone are the days when…
Read MoreKUALA LUMPUR (March 26): Ewein Bhd is acquiring a vacant piece of industrial land in Butterworth for RM25.84 million to develop a workers’ dormitory in a related party transaction. The property developer and precision sheet metal fabrication manufacturer said the move is in line with the group’s intention to diversify into the provision of workers’…
Read MoreAt the topping up event were (from left) Kogelevanan, Hong, Aw, Tanco, Leong, Yaw, Chen and Tang. PETALING JAYA: Avaland Bhd has topped out Aetas Damansara, its inaugural luxury development that received numerous accolades in 2022 and 2023. With a 100% take-up rate, Aetas Damansara is expected to be handed over to homeowners in the…
Read MoreKUALA LUMPUR (March 26): Glomac Bhd’s net profit jumped by over 800% to RM3.81 million for its third quarter ended Jan 31, 2024 (3QFY2024), from RM419,000 a year earlier, driven by higher revenue from its property development and property investment business. Quarterly revenue increased 35.38% to RM89.35 million from RM66 million last year, the real…
Read MoreKUALA LUMPUR (March 26): Binastra Corp Bhd, formerly known as Comintel Corp Bhd, posted a record-high net profit of RM15.38 million for its fourth quarter ended Jan 31, 2024 (4QFY2024), a jump of 176.32% compared with RM5.57 million a year earlier, on the back of higher revenue driven by its construction segment. Revenue more than…
Read MoreKUALA LUMPUR (March 26): Building and infrastructure construction company TCS Group Holdings Bhd has secured a contract worth RM140.27 million to undertake building works for a proposed commercial complex known as Bandar Seri Coalfields Retail Park in Sungai Buloh, Selangor. TCS accepted the project through its wholly-owned subsidiary, TCS Construction Sdn Bhd, which received the…
Read MoreKUALA LUMPUR (March 26): Malaysian property developer and packaging company Scientex Bhd’s net profit climbed 33% in the second quarter from a year earlier thanks to higher progress in billings and sales from new launches. Net profit for the three months ended Jan 31, 2024, rose to RM141.01 million from RM106.29 million a year earlier,…
Read MoreKUALA LUMPUR (March 26): Avaland Bhd topped out its fully sold Aetas Damansara condominium development located at Persiaran Tropicana, Selangor on Tuesday. In a press statement, Avaland said the development is targeted for vacant possession (VP) in 1Q2025, which is about six months ahead of schedule from its initial expected completion date in 2Q2025. The…
Read MoreAt the MoU signing ceremony are (from Left) Chang, Nik Izuddin, Liew, Gu, Sherulanuar and Wen. PUNCAK ALAM: Eco Business Park V (EBP V), Eco World Development Group Bhd’s (EcoWorld) largest green business park, recently held a signing ceremony for the purchase of land and factory lots with 11 new companies. The signing included the…
Read More
