News by M

Ekovest Bhd has entered into binding heads of merger agreement (HOA) with its major shareholders, Tan Sri Lim Kang Hoo and another sister company, Knusford Bhd, as part of a proposed consolidation exercise to streamline the tycoon’s shareholdings in a group of companies.

Meta Bright Group Bhd has proposed to diversify into the building materials trade through the acquisition of a 70% stake in a ready-mixed concrete manufacturing business in Sabah for RM28.04 million.

Axis Real Estate Investment Trust's (Axis REIT) net property income (NPI) for the third quarter ended Sept 30, 2023 (3QFY2023) increased marginally by 0.67% to RM61.9 million compared with RM61.49 million, on the back of higher property income.

Local Government Development Minister Nga Kor Ming announced on Friday that the ministry is looking to introduce incentives for the build-then-sell concept for local residential developments, as an effort to reduce Malaysia’s abandoned and sick projects.

Real estate developer Ideal Property Group has announced its partnership with high-precision cleaning products provider Zestron Precision Cleaning Sdn Bhd via a sale and purchase agreement (SPA) involving the sale of 10 acres of freehold land within the 880-acre Penang Technology Park @ Bertam, according to a press release issued on Friday.

MIDF Research has maintained its “buy” call on Pavilion Real Estate Investment Trust (Pavilion REIT) with a revised target price (TP) of RM1.48 (from RM1.63) and revised its FY2023F/2024F/2025F earnings forecast lower by 13.9%/8.9%/8.5% to factor in the higher property expenses.

The Public Works Department (JKR) has set a target to achieve 70% usage of building information modelling (BIM) in its projects this year and 90% usage by 2025.

Pavilion Real Estate Investment Trust's (Pavilion REIT) net property income (NPI) for the third quarter ended Sept 30, 2023 (3QFY2023) rose 34.5% to RM121.35 million, from RM90.22 million a year earlier, following the inclusion of income from newly-acquired Pavilion Bukit Jalil.

Fire protection equipment supplier Fitters Diversified Bhd is disposing of an 8.05-hectare freehold land in Cameron Highlands for RM15 million, with an estimated gain on disposal of RM12.35 million.

Whether you are a first-time homebuyer or aspiring property investor, buying a house can give anyone a serious case of the heebie-jeebies.