News by M

Noteworthy:

• Freehold
• Built-up size: 70,000 sq ft
• 15 rooms, 6 bathrooms
• Fully furnished
• Nearby amenities: Columbia Asia Hospital-Klang, various small businesses, F&B outlets, schools, and residential areas
• Accessibility: West Coast Expressway, New North Klang Straits Bypass (NNKSB), Jalan Kapar, Jalan Klang-Teluk Intan

When: June 2024

The reason Fajarbaru Builder Group Bhd (KL:FAJAR) pulled out from participating in the affordable housing development in Putrajaya dubbed Residensi Cemara, which is estimated to have a gross development value of RM192 million, was that it had deemed the project "not sustainable" following a change in requirements.

UEM Sunrise Bhd has launched HomeClick, a new online platform that aims to simplify and digitise the homebuying process for its customers. 

Singapore-based Oxley Holdings Ltd via a subsidiary, Artisan Hospitality Sdn Bhd, has formed a joint venture with Langham Hospitality Group (LHG) to open The Langham, Kuala Lumpur hotel at the Oxley Towers KLCC mixed development in 2027.

Avaland Bhd (KL:AVALAND) launched the Sanderling 2 high-rise residential project over the weekend. Sanderling 2 is the fourth and final phase of the developer’s 23-acre freehold Lakefront Residence development in Cyberjaya.

Newly listed KTI Landmark Bhd (KL:KTI) said it has won a sub-contract under the Armed Forces Family Housing (RKAT) construction project at the Labuan Air Base, worth RM49.99 million.

Malaysia should shift from merely hosting data centres to becoming a global leader in the design, manufacturing, and export of data centre infrastructure, said Minister of Economy Rafizi Ramli.

Sabah-based Azam Jaya Bhd (KL:AZAMJAYA) ended its debut on the Main Market of Bursa Malaysia on Monday with a closing price of RM1.09, a 39.74% or 31 sen rise from its initial public offering price (IPO) of 78 sen.

Sime Darby Property Bhd (KL:SIMEPROP) took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA), the second time the company has done so after its inaugural win in 2009. This year, it also obtained the top spot in the Best in Qualitative Attributes sub-award.

A three-member bench comprising Chief Judge of Sabah and Sarawak Tan Sri Abdul Rahman Sebli, Datuk Zabariah Mohd Yusof and Datuk Vazeer Alam Mydin unanimously granted leave to the buyers on Monday, based on three questions of law that they posed to the bench.