News by Edgeprop.my

MGB Bhd’s indirect wholly owned Saudi Arabian subsidiary has secured a SAR41.02 million (about RM44.67 million) contract from ROSHN Group Company for mechanical, electrical and plumbing (MEP) systems and finishes works for 75 villa units under the Marafy Al Arous Development Project.

Johan Holdings Bhd (JHB) said its wholly owned subsidiary Diners Club (Malaysia) Sdn Bhd (DCM) has agreed to acquire the remaining 20% interest in Lumut Park Resort Sdn Bhd (LPR) from Syarikat Majuperak Bhd (SMB) for RM3.25 million cash.

Hartanah Kenyalang Bhd said its wholly owned subsidiary, Hartanah Construction Sdn Bhd, has accepted a letter of award for the construction of multi-storey buildings and ancillary buildings in Sarawak worth RM41.38 million.

OGX Group Bhd has proposed acquiring a 4,086 sq m freehold property in Damansara, Petaling Jaya for RM19.0 million, with the site expected to serve as the group’s new headquarters.

Pegasus Heights Bhd's wholly owned subsidiary, Pegasus Heights Development Sdn Bhd, has entered into a sale and purchase agreement to acquire a 3.275-hectare freehold vacant land in Mukim Si Rusa, Port Dickson, Negeri Sembilan for RM6.35 million.

EcoFirst Consolidated Bhd said the vendors of its proposed RM45 million acquisition of two freehold land parcels in Penang have agreed to a further extension of the completion period under the sale and purchase agreements (SPAs).

This comes as the Cloud Framework Agreement (CFA 1.0) involving AwanBiru Technology Bhd (Awantec), Google Cloud Malaysia Sdn Bhd and Awantec Systems Sdn Bhd has been extended to June 2027.

Urban regeneration has become an increasingly important policy consideration for cities facing ageing infrastructure, changing economic conditions and identity preservation amid development pressures.

In Malaysia, flooding no longer raises eyebrows, but buyers are beginning to include “low flood risk” into their checklists when shopping for homes. Conversely, one would naturally assume the property markets in flood-prone areas to be rather dampened.

At first glance, Malaysia’s retail sector, which plateaued following an immediate post-Covid-19 bump, appears to be back on the mend.