News by M

Nestled within the city’s vibrant pulse, SJCC East One keeps you perpetually connected to a world of convenience that includes shopping, recreation, education and healthcare.

Noteworthy:

• Built-up size: 1,650 sq ft
• Land size: 1,650 sq ft
• 1 bathroom
• Unfurnished
• Nearby amenities: BMC Mall, Cheras Sentral Mall, Columbia International School, UTAR Sungai Long Campus, Sungai Long Specialist Hospital
• Accessibility: Cheras-Kajang Expressway, Grand Saga Highway, PLUS Highway, SILK Highway

When: February 2025

Ho Hup Construction Company Bhd (KL:HOHUP) has been served with a winding-up petition by the Inland Revenue Board (IRB) over tax arrears amounting to RM23.72 million.

NexG Bhd (KL:NEXG), formerly known as Datasonic Group Bhd, is buying an industrial property in Petaling Jaya for RM28.5 million to boost production and efficiency for current and future projects. The move aims to bring research, design, and production under one roof, improving cost efficiency, quality control, and output.

Avaland Bhd (KL:AVALAND) has signed a deal to acquire a 3.194-acre parcel of land on Jalan Putra here from a unit of Tan Chong Motor Holdings Bhd (KL:TCHONG) for RM148.8 million, which it plans to develop into a mixed-use commercial project.

A government valuation property expert said that she relied on planning or zoning information gazetted by the Kuala Lumpur City Hall (DBKL), while the private valuer for the plaintiff of the "Duta enclave" land had made conjunctures on possible future development.

The Kuala Lumpur city centre (KLCC), being the heart of the nation’s capital city, has naturally drawn strong demand for its properties.

Suntrack Development Sdn Bhd’s ERAT Residence, a condominium in Shah Alam, has achieved a 20% take-up rate since its soft launch in March.

Kumpulan Kitacon Bhd (KL:KITACON) is expected to see stronger earnings in the second half of 2025 (2HFY2025), as township project developments Bandar Bukit Raja and Elmina reach completion, alongside better margin expansion, according to CGS International.

Bank Negara Malaysia's (BNM) overnight policy rate cut may improve sector sentiment, but its impact on real estate investment trusts (REITs) is expected to be limited, with only modest borrowing cost reductions, as market valuations have largely priced in the move.