KUALA LUMPUR (Feb 13): Metro Healthcare Bhd (KL:METRO) is acquiring a four-storey shop office in Subang Jaya for a cash consideration of RM9.5 million to expand its business. The property is currently tenanted and operating as a private maternity hospital, with the proposed acquisition serving as another key asset in Metro’s expansion strategy, according to…
Read MoreKUALA LUMPUR (Feb 12): Pavilion Real Estate Investment Trust (Pavilion REIT) (KL:PAVREIT) reported a marginal increase of 0.2% in net property income (NPI) to RM134.86 million for the fourth quarter ended Dec 31, 2024 (4QFY2024), compared with RM134.64 million in the previous corresponding quarter. In a filing with Bursa Malaysia on Wednesday, Pavilion REIT said…
Read MoreFrom engineer to real estate specialist: PropNex’s Lee Teck Han’s 18-year journey of perseverance Real Estate Negotiator Lee Teck Han has a simple yet powerful investment philosophy for homebuyers: Buy within your means. He cautions against overextending financially, emphasising that a home should be a source of enjoyment and peace of mind, not stress. PETALING…
Read MoreBinastra said this contract represents its first accomplishment for the new financial year ending Jan 31, 2026 (FY2026). The contract is expected to provide an additional income stream for the group during the financial year, it added. KUALA LUMPUR (Feb 12): Construction outfit Binastra Corp Bhd (KL:BNASTRA) has bagged a RM250.37 million contract to build…
Read MoreKUALA LUMPUR (Feb 11): MGB Bhd (KL:MGB) has secured a contract worth RM194.72 million to undertake the construction of a 22-storey serviced apartment in Cameron Highlands. This raises the construction and property developer’s outstanding order book to RM1.27 billion, according to its bourse filing on Monday. MGB — in which LBS Bina Group Bhd (KL:LBS)…
Read MoreKUALA LUMPUR (Feb 10): Kumpulan Kitacon Bhd (KL:KITACON) announced on Monday that it has secured a RM104.3 million building works contract. The contract covers the construction and completion of 16 semi-detached factories with offices, four additional factory units, and three substations with related infrastructure in Bandar Bukit Raja III, Klang, Selangor, the company said in…
Read MoreKUALA LUMPUR (Feb 6): Precision components manufacturer Notion VTec Bhd (KL:NOTION) said it is acquiring a four-hectare vacant freehold agricultural land in Kapar, Klang, for RM29.62 million, as part of the expansion of its manufacturing operations. The expansion plans include the construction of a large new factory to accommodate growing production needs, Notion VTec said…
Read MoreMACC examining documents on alleged misconduct by DBKL advisory board member over RM4m project, says Azam MACC chief commissioner Tan Sri Azam Baki: “The documents are definitely related to meetings and so on. The MACC is studying this information to look at only two issues, namely whether there is a criminal issue under our Act,…
Read MoreKUALA LUMPUR (Feb 6): Malaysia’s industrial sector is poised to sustain its growth this year, supported by strong government initiatives, infrastructure advancements, and emerging industrial parks integrating artificial intelligence (AI), according to Knight Frank Malaysia. In a statement on Thursday, the real estate consultancy firm said global trade tensions, particularly the possibility of tariff hikes…
Read MoreKUALA LUMPUR (Feb 5): Citaglobal Bhd (KL:CITAGLB) said that the company has no immediate plan to develop the 1.58-acre land at Jalan Tun Razak, Kuala Lumpur that it intends to acquire from Bank Islam Malaysia Bhd (KL:BIMB) for RM73 million. “This strategic approach is to maximise long-term value creation (of the land),” Citaglobal said in…
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