News by M

Tropicana Corporation Bhd has launched its Chinese New Year (CNY) campaign alongside a brand film, and new show units at its flagship property gallery, featuring developments in Johor, Genting Highlands, and Langkawi.

WORQ has launched WORQ Well, a new people-first coworking sub-brand, at Aspire Tower in KL Eco City on Thursday, achieving full occupancy on its first day of operations.

OSK Property Holdings Bhd has partnered with RHB Banking Group to roll out an enhanced green financing scheme aimed at supporting environmentally responsible homeownership in Malaysia.

The government is reviewing whether to renew the preferential withholding tax on dividends from real estate investment trusts (REITs), as the sector is now considered mature and commercially viable, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

The Residential Tenancy Act (RTA) is in its final stage of drafting and is expected to be tabled this year, Housing and Local Government Minister Nga Kor Ming said.

Binastra Corporation Bhd’s (KL:BNASTRA) series of data centre-related job wins could pave the way for the group to expand further beyond residential property projects, analysts said.

IOI Properties Group Bhd (KL:IOIPG) may book a massive income gain from industrial land to be sold at a large premium, analysts said, sending its stock higher on Thursday.

AME Real Estate Investment Trust (KL:AMEREIT) reported on Wednesday a 23% year-on-year increase in net property income (NPI) for the latest quarter, thanks to higher rental income from newly acquired properties and positive rental reversions.

The future of design will be done entirely on virtual twins as the products will be software-defined, said Nvidia co-founder and chief executive officer Jensen Huang.

Binastra Corp Bhd (KL:BNASTRA) has secured a RM503 million contract for the proposed development of a data centre in Jalan Sri Permaisuri, Kuala Lumpur.