News by EdgeProp.my

Sapura Industrial Bhd (SIB) has signed a sale and purchase agreement (SPA) to dispose of a piece of vacant industrial land in Melaka for RM10.48 million cash, with the proposed disposal providing an opportunity for the group to realise the capital appreciation of the property, according to its filing with Bursa Malaysia.

Paragon Globe Bhd has completed the proposed acquisition of three parcels of land in Johor for a total cash consideration of RM11.48 million.

A1 A.K. Koh Group Bhd has proposed to acquire a 99‑year leasehold commercial land parcel in Pekan Puchong Jaya, Selangor, for RM16.73 million cash, with the proposed acquisition intended to support the development of a central region sales and marketing office.

Chin Hin Group Property Bhd (CHGP) is moving to secure a sizeable freehold site along Jalan Sultan Ismail for a landmark mixed-use development in Kuala Lumpur’s Golden Triangle, in a transaction that reflects continued interest in prime city-centre sites even as developers remain selective in their investment decisions.

IGB Commercial Real Estate Investment Trust (IGBCR) has reported a marginal increase in the fair value of its investment properties following a valuation exercise as at June 30, 2026, with its portfolio value rising to RM3.253 billion from RM3.247 billion as at Dec 31, 2025.

TWL Holdings Bhd has provided further details on the mutual termination of three joint venture agreements (JVAs) involving its wholly owned subsidiary TWL Builders Sdn Bhd (previously known as Tiger Synergy Development Sdn Bhd), following queries from Bursa Malaysia Securities Berhad.

Ge-Shen Corp Bhd is proceeding with the disposal of five freehold industrial properties in Mukim Tebrau, Johor Bahru, for RM35.5 million cash after entering into a fresh sale and purchase agreement (SPA) with Plastico Sdn Bhd.

Rhong Khen International Bhd (RKIB) is acquiring three factory properties in Kapar, Selangor, for RM47 million cash through its wholly owned subsidiaries Uptown Promenade Sdn Bhd (UPSB) and Latitude Tree Furniture Sdn Bhd (LTFSB).

Mah Sing Group Bhd is proposing to acquire about 419.17 acres (1,696,288 sq m) of freehold land in Mukim Senai, Daerah Kulai, Johor, for RM273.87 million cash via its 60%-owned subsidiary M Industrial Development Sdn Bhd (MID), for the proposed MS Industrial Park @ Kulai, which has an estimated gross development value (GDV) of approximately RM2.26 billion.

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.