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In a filing with Bursa Malaysia on Monday (May 23), the group said its wholly-owned subsidiary SCIB Properties Sdn Bhd has accepted a letter of award and acceptance for the engineering, procurement, construction and commissioning contract.

"The proposed acquisition is in line with the group’s business expansion objective and growth strategy in accumulating new suitable land to be included in the group’s landbank and to scale up its property development portfolio to generate additional streams of income for the group moving forward," said EUPE.

Revenue came in at RM867.1 million, 17.64% less than the RM1.05 billion it recorded in 1QFY21, its bourse filing showed.

According to Kuala Lumpur City Hall (DBKL) in a statement on Monday (May 23), this is due to the incident where a double-storey house was destroyed after a retaining wall at the project site shifted on Sunday (May 22). Additionally, DBKL also mentioned that the Fire and Rescue Department had ordered the occupants of six nearby houses to evacuate.

SkyWorld Development Group Sdn Bhd unveiled the country's highest residential skybridge in SkyAwani 3 Residences on May 20. According to the developer, the skybridge measures 550m long and is located across three interconnected towers on level 52. This allows residents to enjoy unobstructed views of the Kuala Lumpur city centre skyline.

The collaboration was marked by a signing of a Memorandum of Understanding (MoU) on April 27 by Hartamas Real Estate Group founder & managing director Eric Lim and EdgeProp Malaysia managing director Alvin Ong.

The development aims to be the cultural heart and hub for the growing Batu Kawan township – marking Ikano Centres' first foray into the northern region. Ikano Centres is a part of Ikano Retail, which owns the IKEA furniture stores in five countries and shopping centres anchored by IKEA.

Lee’s focal areas include OUG, Taman Yarl, Happy Garden and Old Klang Road landed residential properties. She says OUG is a friendly neighbourhood. While consisting of mostly senior citizens, she has noticed a slight change in demographics over the years. 

Earnings per unit rose to 2.96 sen from 0.94 sen a year earlier, Sunway REIT informed Bursa Malaysia on Wednesday (May 18).

Encorp group chief executive officer Hazurin Harun said the venture will be the group's first property development in Sabah as part of its expansion plan.