News by M

Pelaburan Hartanah Bhd (PHB), has achieved an upgrade of its Corporate Sustainability Rating to Gold1 from Gold3, following RAM Sustainability Sdn Bhd’s latest annual assessment.

The proposed Urban Renewal Act (URA) Bill 2025, recently tabled in Parliament, could fundamentally reshape Malaysia’s property landscape. While initially perceived as targeting old strata developments, the URA’s language is actually wide enough to include landed residences, business premises, and commercial properties, especially those more than 30 years old.

Matrix Concepts Holdings Bhd (KL:MATRIX) is disposing of two parcels of vacant land in MVV Techvalley industrial park in Negeri Sembilan for a total of RM24.61 million in a related-party transaction.

The Straits View DUO is a twin-tower development located in Permas Jaya, Johor Bahru, comprising 715 serviced apartments and 15 retail lots.

Allgreen's multi-phase redevelopment of Johor Bahru City Square aims to transform the mall into a modern lifestyle hub and add new hotel apartments to capture demand from the upcoming Johor Bahru-Singapore RTS Link.

However, he said that only about 3% of projects were identified as delayed, problematic or ailing.

SMI said the disqualified votes were from shareholders who had indicated abstention in their proxy forms or who refrained from voting due to a conflict of interest.

The development follows Malton’s earlier projects in Taman Mutiara Indah and Taman Mutiara Puchong, and will be its final launch in Puchong.

She said the new regulations will set out how cross-border electricity trading works, including technical and economic requirements.

Revenue fell 3.33% to RM270.86 million from RM280.19 million, dragged by lower sales volume from its aluminium segment.