Under the termination agreement, NMCSB must refund Radium its RM14 million deposit paid earlier, along with interest at a rate of 10% per annum, calculated daily. KUALA LUMPUR (June 10): Property developer Radium Development Bhd (KL:RADIUM) has decided to cancel its plan to jointly develop a plot of land in Kuala Lumpur with landowner N&M…
Read MoreKUALA LUMPUR (June 9): Andara (pictured), which is Sime Darby Property Bhd’s final landed residential project in Ara Damansara, recorded an 85% take-up rate to date since its launch on April 27. The development comprises 20 units of three-storey freehold, semi-detached homes on a 2.85-acre parcel of land. Each unit offers a built-up area ranging…
Read MoreCiD Realtors to expand across nation with data-driven market analytics, territory mapping Other planned initiatives include securing additional exclusive mandates on mixed-use and industrial developments, as well as curating more bespoke project marketing and tender advisory services for its clients. KUALA LUMPUR (June 9): Real estate agency CiD Realtors Sdn Bhd plans to expand its…
Read MoreThe take-up represents RM46.8 million in sales, against a gross development value (GDV) of RM142 million. Situated on 11 acres of prime freehold land, Allegro is a low-density, gated enclave offering only 68 semi-detached Twin Villas and Grand Villas. KUALA LUMPUR (June 6): UEM Sunrise Bhd garnered strong response during the first day of its…
Read MoreKUALA LUMPUR (June 5): The Immigration Department busted a homestay racket run by foreigners in a special operation carried out around Jalan Ipoh and Jalan Sultan Ismail here on Tuesday. Immigration deputy director-general (Management) Ismail Mokhtar said in the operation, which began at 2.57 pm, 13 illegal immigrants aged between 24 and 40 were arrested…
Read MoreKUALA LUMPUR (June 4): Newly established Second Home Plan Sdn Bhd believes the latest revamp of the Malaysia My Second Home (MM2H) programme offers greater credibility and long-term appeal, especially as regional competitors such as Thailand, Indonesia and Vietnam step up their own long-stay visa programmes. Second Home Plan, which is licensed by the Ministry…
Read MoreAs part of this infrastructure enhancement initiative, a robotic chef has been deployed at I-Bhd’s Wyndham Suites KLCC. SHAH ALAM (June 4): I-Bhd (KL:IBHD) has announced an initial commitment of RM10 million to roll out artificial intelligence (AI) and robotics infrastructure across its portfolio over the next four years to 2028. In the official launch…
Read MoreDigital Minister Gobind Singh Deo said that as Asean chair this year, Malaysia’s hosting of SCEKL2025 reflects its commitment to shaping the future of urban innovation, not just for the nation, but also for the entire region. KUALA LUMPUR (June 4): Malaysia will host Smart City Expo Kuala Lumpur 2025 (SCEKL2025), Southeast Asia’s first edition…
Read MoreThe lands are in Titiwangsa, close to major highways and amenities, and will be combined for a serviced apartment project with about 240 units, estimated at RM130 million GDV. PETALING JAYA (June 3): Lim Seong Hai Capital Bhd ((LSH Capital)’s subsidiary, Lim Seong Hai Development Sdn Bhd, has bought three land parcels in Kuala Lumpur…
Read MoreMinority shareholders seek court order to access records for Kumpulan Jetson EGM to remove board According to a filing with Bursa Malaysia, the shareholders, who claim to collectively own 10.68% of the company, want access to the shareholder list as of May 19. They have asked the High Court to allow the EGM to be…
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