News by EdgeProp

Propel Global Bhd has proposed to dispose of two leasehold industrial properties in Bandar Baru Bangi, Selangor, for a total cash consideration of RM6.75 million via Propel Engineering Sdn Bhd (PESB), a wholly owned subsidiary of Propel Oilfield Services Sdn Bhd, which is 49.0%-owned by PGB. PESB entered into two separate sale and purchase agreements (SPAs) with Flint Masters Sdn Bhd and Chocofac (Malaysia) Sdn Bhd on July 7, 2026.

Eligible purchasers will receive RM5,000 in IKEA gift cards. 

Its principal Shahanim Mohd Shah said that professional success should not be measured merely by sales achievements, but by the ability to earn public trust.

The mall has a net lettable area of 514,777 sq ft and recorded net property income of RM31.3 million for FY2025. 

Upon completion, OGSB will cease to be a wholly-owned subsidiary of ECMLG and will be owned by ECMLG and TPRE on a 50:50 basis.

The disposal was for a property in Seremban measuring 437,876 sq ft, together with a purpose-built single-storey retail complex with a mezzanine floor.

The package comprises the construction and completion of six residential buildings, each with 11 levels, on Plots C54 and C55, together with one common basement.

Sime Darby Property Bhd (SD Property) has accepted a binding letter of offer to acquire Wisma Unirazak, a freehold 15-storey office building with one level of basement carpark along Jalan Tun Razak in Kuala Lumpur, for RM160 million.

Sime Darby Property Bhd has launched Tiara Residences 1, the first phase of its final landed residential precinct in the mature Bukit Jelutong township, achieving an 85% take-up rate during its official launch weekend on June 27, 2026.

Berjaya Property Bhd, via its wholly-owned subsidiary Alam Baiduri Sdn Bhd, has entered into a joint venture (JV) agreement with Trusmax Investment Co Ltd to develop and operate an automotive tyre manufacturing business in Malaysia through a new joint venture company.