KUALA LUMPUR (Oct 16): Analysts maintained their “buy” calls on IGB Real Estate Investment Trust (REIT) after its quarterly net income came within expectations for the cumulative nine months ended Sept 30, 2023 (9MFY2023), translating into a 5.5% increase compared to a year ago. The earnings growth was mainly supported by higher tenant sales and…
Read MoreKUALA LUMPUR (Oct 16): King’s Park, a 150-acre (60.7-hectare) integrated mixed-use development in Genting Highlands, is set to open Asia’s largest Hard Rock hotel called Hard Rock Genting Highlands in 2027. King’s Park Development Sdn Bhd in a statement on Saturday said the 45-storey Hard Rock Genting Highlands will feature 371 rooms and 630 suites,…
Read MoreKUALA LUMPUR – The government has allocated RM2.47 billion to implement people’s housing project (PPR) next year, said Prime Minister Datuk Seri Anwar Ibrahim. Anwar, who is also the Finance Minister, said this included a special RM1 billion guarantee fund to encourage responsible developers to rebuild abandoned projects which have been identified. He said about…
Read MoreKUALA LUMPUR (Oct 12): Propel Global Bhd is to purchase two parcels of land in Kuala Kuantan, Pahang for RM14.7 million to undertake a commercial development project with a gross development value (GDV) of RM68 million. The construction firm said its wholly-owned subsidiary Propel Global Development Sdn Bhd has inked agreements with the vendor, Goldhill…
Read MoreKUALA LUMPUR (Oct 12): HIL Industries Bhd has proposed to acquire a company that owns land near the Shah Alam-Klang border that has been earmarked for residential development, in a related party transaction. The moulded plastic products maker and property developer said it is acquiring Broadwise Corporation Sdn Bhd (BCSB) via its wholly owned subsidiary,…
Read MoreKUALA LUMPUR (Oct 13): The government plans to implement tidal flow lanes on the Sungai Besi-Seremban Expressway from the Astro Junction up to a distance of 200 metres before the Smart Tunnel in November this year. However, Transport Minister Anthony Loke (pictured) said the Kuala Lumpur City Hall (DBKL), Royal Malaysian Police and Works Ministry…
Read MoreKUALA LUMPUR (Oct 12): Wasco Bhd (formerly known as Wah Seong Corporation Bhd)’s indirect wholly-owned subsidiary, Wasco AgroTech Sdn Bhd, has disposed of a piece of freehold land in Klang, Selangor for RM40 million. In a Bursa Malaysia filing on Thursday, the group said it has entered into a sale and purchase agreement with Array…
Read MoreKUALA LUMPUR (Oct 13): The government is developing a rooftop solar buyback programme and will extend the current net energy metering (NEM) programme to Dec 31, 2024, in a bid to incentivise rooftop solar installation, said Prime Minister Datuk Seri Anwar Ibrahim. At the same time, the government is calling for companies to offer a…
Read MoreKUALA LUMPUR (Oct 11): Tropicana Corp Bhd is seeking to strike out the claim filed by RHB Trustees Bhd, Sunway REIT Management Sdn Bhd and Sunway Education Group Sdn Bhd over its alleged breach of agreement and double-dealing over the sale of shares and a stake in St Joseph International School. In a statement on…
Read MoreKUALA LUMPUR (Oct 11): Hektar Real Estate Investment Trust (REIT) has proposed to undertake a private placement of up to 20% of the total number of issued units of the company to third-party investors to be identified later. In a filing with Bursa Malaysia on Wednesday, Hektar REIT said the indicative issue price of the…
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