News by Izzul Ikram

Ho Hup Construction Co Bhd’s RM1 billion mixed development project in Bukit Jalil will be suspended as it plans to sell the project's 3.09-acre land for RM110 million cash.

KIP Real Estate Investment Trust (KIP REIT), a trust which mainly manages retail and industrial properties, said its net property income (NPI) for the third quarter rose 10.1% from a year ago, mainly due to stronger performance from its retail properties.

Malaysia Building Society Bhd (MBSB) has recommended a final dividend of 3.5 sen for the financial year ended Dec 31, 2023 (FY2023).

AmFirst REIT, a trust which mainly manages office buildings, said on Thursday its fourth quarter net property income fell 7.82% from a year earlier mainly due to higher property expenses.

Chin Hin Group Bhd has acquired an additional 3.39% stake in Chin Hin Group Property Bhd (CHGP) for RM29.26 million, increasing the group’s stake in its listed property and construction arm to 57.13% from 53.74% previously. 

Construction outfit Kerjaya Prospek Group Bhd has secured a RM33.19 million piling and earthworks job for a proposed service apartment in Pulau Andaman, Penang from a related party.

It disclosed via a bourse filing the names of the companies that awarded the jobs, its recipient units, the tenures of the contracts, as well as the dates on which the deals were secured. 

Eversendai Corp Bhd, which announced last week that it had secured four new projects worth an aggregate RM5.4 billion, said it is unable to provide a value breakdown of the projects due to non-disclosure agreements (NDAs).

High Court judge Datuk Akhtar Tahir ordered CDS to pay businesswoman Suriati Mohd Yusuf RM200,000 together with RM50,000 in costs for an inaccurate negative credit rating.

The occupancy rates of shopping complex retail space in Malaysia improved by two percentage points year-on-year (y-o-y) in 2023, while the occupancy rate of purpose-built office space remained unchanged, according to the National Property Information Centre (Napic).