News by EdgeProp

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.

Tropicana Corp Bhd has introduced SouthPlace 2 Shoppes, a retail component within its 88-acre Tropicana Metropark township in Subang Jaya.

Radium Development Bhd has marked the structural completion of Vista Adesa, its 1,218-unit Residensi Wilayah project in Sungai Besi, Kuala Lumpur, with a topping-out ceremony, as the development remains on track for completion in the second quarter of 2027.

The July 18 launch follows the commendable sales for Aurora I, which was introduced in February. 

Tropicana Corp Bhd held its second Employee Wellness at Work programme on July 3 in collaboration with healthcare partner AIA Bhd, attracting more than 350 employees to health screenings, wellness activities and educational sessions at its headquarters in Tropicana Gardens Office Tower, Tropicana Indah.

Pesona Metro Holdings Bhd's wholly owned subsidiary, Pesona Metro Sdn Bhd, has secured a RM247.5 million contract from Setia Alam Medical Centre Sdn Bhd to undertake the piling, basement, main building and external works for a private hospital development in Setia Alam, Selangor.

ACE Market-listed Ambest Group Bhd said its wholly owned subsidiary Ambest Technology Sdn Bhd (AT) has entered into a sale and purchase agreement to acquire a freehold two-storey shophouse in Bayan Lepas, Penang for RM1.95 million in cash, which the group intends to use as workers' accommodation.

Whitmore Holdings Sdn Bhd (Whitmore) has acquired 557,400 shares in MKH Bhd at RM1.96 apiece via the open market, according to separate Bursa Malaysia filings by MKH and Batu Kawan Bhd on Friday.

Chin Hin Group Property Bhd (CHGP) has completed the acquisition of two parcels of leasehold land in Seri Kembangan, Selangor, for RM91 million.