News by EDGEPROP.MY

At first glance, Malaysia’s retail sector, which plateaued following an immediate post-Covid-19 bump, appears to be back on the mend.

The court also ordered SDP Klang to pay interest on the judgment sum at 5% per annum from Monday (July 20) until full payment is made.

“The Company wishes to clarify that it is currently exploring the feasibility of a potential listing of its construction business,” IJM said.

The project will be developed on a parcel of leasehold commercial land owned by DB2SB in Mukim Pantai Timur, Kota Tinggi, Johor.

The RM64.24 million claim relates to contractual sums for works awarded to and completed by PCI, which were certified by the project architect.

The land has an audited net book value of RM4.36 million as at June 30, 2025, while its original acquisition cost in 1995 was RM497,902. 

Marriott International Inc and Iconic Group have signed an agreement to introduce the Courtyard by Marriott brand to Penang mainland through the rebranding of the existing Iconic Hotel Penang into Courtyard by Marriott Penang Icon City.

Sunway Bhd said its 30%-owned joint ventures have secured a parcel of land at Bayshore Drive, Singapore, for S$2.128 billion (approximately RM6.74 billion) under a 99-year lease, following a successful tender under Singapore’s Government Land Sales (GLS) programme.

Buyers of strata properties acquired through court-ordered auctions are not, in this case, automatically liable for maintenance charges and sinking fund arrears left by previous owners, the High Court ruled in a recent judgment, offering judicial guidance on the scope of liability under the Strata Management Act 2013.

Chinese companies’ global push is forcing a rethink of how they manage bricks and mortar.