JLL: Chinese firms’ overseas drive is outpacing their corporate real estate strategy
Chinese companies’ global push is forcing a rethink of how they manage bricks and mortar.
Chinese companies’ global push is forcing a rethink of how they manage bricks and mortar.
Astro Malaysia Holdings Bhd’s (AMH) wholly-owned subsidiary MEASAT Broadcast Network Systems Sdn Bhd (MBNS) has entered into a conditional sale and purchase agreement (SPA) with AIMS Central Sdn Bhd to dispose of a commercial property in Cyberjaya for RM92 million.
VitaHealth Malaysia and Tropicana Corp Bhd’s OFFLINE 16 digital detox initiative has surpassed 1,900 participants, following its latest Dance & Busking Festival at Tropicana Golf & Country Resort (TGCR), marking the 10th event under the programme since its launch in 2024.
PMW International Bhd is developing a new spun concrete pile manufacturing facility in Bemban, Perak, involving an estimated capital investment of RM43.76 million as the infrastructure solutions provider expands its production capacity.
PRISM, the global hospitality business behind brands including OYO and Sunday, has partnered with Ahmad Zaki Resources Bhd (AZRB) and United Malayan Land Bhd (UMLand) to operate two hospitality assets in Malaysia.
SkyWorld Development Bhd has broken ground on SkySOLIS, its first residential development outside Malaysia, marking its entry into the Vietnam property market under its SkyWorld 2040 long-term strategic plan.
Paragon Globe Bhd (PGB), via its wholly owned subsidiary PGB Gardens Sdn Bhd (PGSB), has proposed to acquire a combined 841/1,000 undivided beneficial interest in a freehold land parcel in Sedenak, Kulai, Johor for RM141.14 million, as the group explores an integrated industrial park development with an estimated gross development value (GDV) of RM1.69 billion.
Ng said Malaysia's housing policies have helped expand homeownership over the years, but need to evolve to reflect changing demographics, household structures and income distribution.
The proposed 7.56-acre bakery site sits within the Kota Samarahan Industrial Park.
The final dividend, which was announced on February 27 and approved by shareholders at its annual general meeting on May 26 will be subject to the existing DRP, which applies to the entire final dividend.