News by Edgeprop.my

The Singapore government has completed the acquisition of 38 Oxley Road, the former home of founding prime minister Lee Kuan Yew, taking possession of one of the city-state's most historically significant sites as authorities begin studying options for how it can be developed into a public space.

Hua Yang Bhd expects FY2027 to be a pivotal year as it accelerates project launches and advances its development pipeline, following a transitional FY2026 during which it expanded its landbank and secured development opportunities, according to its annual report for the financial year ended March 31, 2026.

SDS Group Bhd is seeking shareholder approval for its proposed RM101.7 million acquisition of a 143,157 sq m freehold land parcel in Tebrau, Johor Bahru, which will support the group's planned manufacturing expansion.

IOI Properties Group Bhd has issued a circular to shareholders and notice of extraordinary general meeting (EGM) for its proposed S$1.19678 billion (approximately RM3.77 billion), subject to adjustments, acquisition of MVKimi (BVI) Ltd, the company that indirectly owns Asia Square Tower 2 in Singapore.

CapitaLand Malaysia Trust (CLMT) has fixed the issue price for new units to be issued under its distribution reinvestment plan (DRP) at 53.87 sen per unit after Bursa Malaysia Securities Bhd approved the listing and quotation of up to 170 million new CLMT units to be issued pursuant to the exercise.

Genting Plantations Bhd's wholly owned property arm has completed the inaugural RM200 million issuance under its RM2 billion Sukuk Murabahah Programme, with proceeds to be used mainly to finance and/or reimburse the group's property development costs.

WCT Holdings Bhd will acquire the remaining 30% equity interest in Jelas Puri Sdn Bhd (JPSB) from the Employees Provident Fund (EPF) for RM140 million, resulting in full ownership of the company that developed the integrated Paradigm Petaling Jaya project.

Eastern & Oriental Bhd (E&O) and Majestic Gen Sdn Bhd have proposed to acquire a freehold Jalan Kia Peng site in Kuala Lumpur for RM189.9 million, further expanding E&O's premium residential development landbank in the capital.

ARK Resources Holdings Bhd has called an extraordinary general meeting (EGM) on Sept 30, 2026, for shareholders to vote on its proposed RM28 million acquisition of three adjoining parcels of vacant industrial land in Penang.

Ralis Group Sdn Bhd marked the handover of completed homes at Araca @ Taman Bunga Raya Phase 1 on July 18, signalling the completion of the project's first phase and the beginning of the developer's next stage of growth.