Around midday, the commercial streets along Jalan Wangsa Delima move at a steady pace. Rows of old shoplots line the road, while high-rise apartments and condominiums rise behind them, reflecting the residential density that defines much of Wangsa Maju.
Malaysia Rapid Transit Corp Sdn Bhd (MRT Corp) and IJM Land Bhd have unveiled The Linque, a transit-oriented development (TOD) with an estimated gross development value of around RM600 million directly integrated with Cochrane MRT Station, marking MRT Corp's first TOD initiative in the Klang Valley.
Main Market-listed construction group Kerjaya Prospek Group Bhd has secured a RM529.32 million building contract for a residential development in Taman Duta, Bukit Tunku.
ACE Market-listed construction and renewable energy group Nestcon Bhd is making its foray into property development through the proposed acquisition of three parcels of freehold land in Iskandar Puteri, Johor Bahru, for a total cash consideration of RM95 million.
Klang has emerged as one of Malaysia’s leading industrial and logistics corridors, with Bandar Bukit Raja increasingly positioned as a key growth area within the broader Klang ecosystem.
Tropicana Metropark has contributed RM5 million towards the construction of the Taman Batu Tiga Mosque in Subang Jaya, as part of Tropicana Corp Bhd’s wider ESG and community-building initiatives at its 88-acre integrated township.
The abandoned blocks of the Highland Towers condominium in Hulu Kelang will be demolished before the end of the year, after a Magistrates’ Court decision allowed the Ampang Jaya Municipal Council (MPAJ) to proceed with the action.
Following the pandemic-induced lull in the early half of the decade, the property sector staged an emphatic rebound, with core segments regaining momentum and confidence.
Signature International Bhd (Signature) has issued a circular to shareholders on a proposed RM66 million disposal of its Kota Damansara industrial property to Boon Koon Capital Sdn Bhd, an indirect wholly-owned subsidiary of Chin Hin Group Property Bhd (CHGP), with the matter to be tabled at an extraordinary general meeting (EGM) on June 29.
SD Guthrie Bhd and Eco World Development Group Bhd said the sale and purchase agreement (SPA) for the Eco Business Park 8 (EBP8) land transaction in Kulai, Johor became unconditional on Thursday, while the amended and restated shareholders’ agreement governing the joint venture took effect on the same date.
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