News by M

S P Setia Bhd will once again celebrate Merdeka Day and Malaysia Day with its fifth instalment of Setia4Malaysia Unity Run, kicking off the 2025 event on Sept 7 at Setia Fontaines in Penang.

The proposed sale of Wisma Sentral Inai will immediately improve Sentral REIT’s (KL:SENTRAL) portfolio and boost its balance sheet for future acquisitions, analysts said. 

The government is in the midst of drafting amendments to the Housing Development (Control and Licensing) Act 1966 to expand its scope to cover problematic commercial projects.

The Young Professionals Lab (YPLab) 2025 was launched today with 30 participants, with the theme “Roots of Resilience” to preserve heritage while strengthening urban climate resilience.

Lim Seong Hai Capital Bhd (KL:LSH) said that the operations at the Kuala Lumpur Tower will continue without interruption, despite the appeal filed by its former operator Menara Kuala Lumpur Sdn Bhd, and its parent Hydroshoppe Sdn Bhd, against High Court ruling last month.

ECM Libra Group Bhd entered into an agreement to dispose of an 11-storey hotel in George Town, Penang, together with adjoining freehold land, for a total cash consideration of RM51.89 million on Aug 15 (Friday).

Axis Real Estate Investment Trust (Axis REIT) (KL:AXREIT) has completed its maiden issuance of RM300 million senior Islamic medium-term notes under its RM3 billion sukuk programme.

IJM Corporation Bhd (KL:IJM), via its wholly owned subsidiary IJM Construction Sdn Bhd, has secured a RM1.4 billion contract to build a large-scale data centre in Johor Bahru, its biggest data centre project to date.

Turiya Bhd’s (KL:TURIYA) unit plans to acquire the 12-storey Wisma Sentral Inai in Kuala Lumpur for RM135 million through a cash injection from its executive chairman, Datuk Seri  Shamir Kumar Nandy.

Property values surrounding Taman Tasik Metropolitan Kepong have recorded gains across multiple segments with the commercial segments in the vicinity registering the sharpest increase, surging 30.77% from RM1.3 million in 2023 to RM1.7 million in 2024, according to EdgeProp EPIQ.