KUALA LUMPUR (July 6): UEM Sunrise Bhd took five awards at the Asia Pacific Property Awards 2023-2024 (APPA) held in Bangkok last month. UEM Sunrise’s The MINH Mont’Kiara won two five-star awards for the Best Landscape Architecture and Best Residential High Rise Architecture, as well as being the winner for the Residential High-Rise Development under…
Read MoreKUALA LUMPUR (July 6): Property developer Mah Sing Group Bhd will be developing a mixed residential development named M Zenya in Kepong with a total estimated gross development value (GDV) of about RM500 million. M Zenya will be developed under an unincorporated joint venture (JV) agreement with landowner Liberty Triangle Sdn Bhd, where Mah Sing’s…
Read MoreKUALA LUMPUR (July 5): LBS Bina Group Bhd has partnered with a land owner to jointly undertake a RM1 billion gross development value (GDV) mixed development in Sungai Penchala, Kuala Lumpur. The development will be carried out atop six parcels of land measuring 6.97 acres, owned by Saga Tunas Sdn Bhd, in phases over a…
Read MoreKUALA LUMPUR (July 6): Bank Negara Malaysia (BNM) has decided to maintain its overnight policy rate (OPR) at 3%. This came in line with the expectations of most economists, who opined that nine months of easing inflation, together with the central bank’s recent ringgit intervention, provided some reprieve for the central bank’s new governor Datuk…
Read MoreThis is SP Setia’s second attempt to dispose of the Tebrau land to the Scientex group. In May 2021, SP Setia announced the proposed disposal of its land in Tebrau, Johor, to Scientex’s wholly-owned subsidiary Scientex Quatari for RM518.15 million. However, the deal subsequently fell through. PETALING JAYA: Property developer SP Setia Bhd has proposed…
Read MoreKUALA LUMPUR (July 4): Minister of Local Government Development (KPKT) Nga Kor Ming said his ministry is pushing for the enactment of a new law, the draft of which will be tabled soon, to speed up the redevelopment of old properties for urban renewal. In Kuala Lumpur alone, there are 139 aged and poorly maintained…
Read MoreKUALA LUMPUR (July 4): After six years, property development and construction firm TWL Holdings Bhd, formerly known as Tiger Synergy Bhd, has decided to scrap its plans to jointly develop a residential and/or commercial development in Klang, Selangor, with LJ Development (KL) Sdn Bhd. In a filing with Bursa Malaysia on Tuesday (July 4), TWL…
Read MoreKUALA LUMPUR (July 4): Construction and mechanical and electrical (M&E) services provider LFE Corp Bhd is taking over the main building works of the phase two of a mixed development in Damansara that comprises a serviced apartment and a SOHO block with an office cum medical/health centre here for RM105 million, from its 51%-owned unit Cosmo Property Management…
Read MoreThe group remains optimistic and believes that there will still be demand for properties in prime locations in Tropicana’s established, matured and developing townships. KUALA LUMPUR (July 4): Property developer Tropicana Corporation Bhd (Tropicana) has redeemed its Sukuk Wakalah Programme’s RM465.5 million tranche due on June 30, 2023. This Sukuk Wakalah Programme was part of the RM1.5 billion Islamic Medium Term Notes Programme issued by the group. The management cited that the group will continue…
Read MoreKUALA LUMPUR (July 4): WCT Holdings Bhd is to acquire the remaining 49% stake in its joint venture with TSR Capital Bhd’s wholly owned unit TSR Bina Sdn Bhd (TSRB) for RM1.47 million.WCT, via its wholly owned subsidiary WCT Bhd (WCTB), and TSRB had accepted a RM676.8 million job from PNB Merdeka Ventures Sdn Bhd to…
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