News by Myia S Nair

Malton Bhd held its first topping-out ceremony of the year, marking the structural completion of River Park Bangsar South.

Milestones Group, a property developer and design-and-build contracting business, has officially launched LINX Avenue at Kapar, Klang on Aug 15.

ECM Libra Group Bhd entered into an agreement to dispose of an 11-storey hotel in George Town, Penang, together with adjoining freehold land, for a total cash consideration of RM51.89 million on Aug 15 (Friday).

Property values surrounding Taman Tasik Metropolitan Kepong have recorded gains across multiple segments with the commercial segments in the vicinity registering the sharpest increase, surging 30.77% from RM1.3 million in 2023 to RM1.7 million in 2024, according to EdgeProp EPIQ.

Noteworthy:

• Leasehold
• Land size: 17,000
• Built-up size: 4,500 sq ft
• 5 bedrooms, 4 bathrooms
• Unfurnished
• Nearby amenities: University Malaya Medical Centre, Taman Jaya LRT station,  St. Francis Xavier’s Church, SMK (P) Assunta, University Malaya Medical Centre, Assunta Hospital
• Accessibility: Federal Highway, NPE, SPRINT Expressway, Petaling Jaya KTM Station

When: June 2025

Noteworthy:

• Freehold
• Built-up size: 1,506 sq ft
• Floor location: High rise
• 2 bedrooms, 2 bathrooms
• Fully-furnished
• Nearby amenities: Pavilion KL, Fahrenheit88, Kuala Lumpur Eco Park, Tzu Chi University Continuing Education Centre, Pudu Specialist Centre
• Accessibility: SILK, Cheras–Kajang Expressway, Jalan Sultan Ismail, Jalan Raja Chulan 

When: April 2025

Noteworthy:

• Leasehold
• Built-up size: 7,500 sq ft
• Land size: 9,800 sq ft
• 9 bedrooms, 6 bathrooms 
• Semi-furnished
• Nearby amenities: Plaza Alam Sentral, SACC Mall, Poliklinik Komuniti Shah Alam, KPJ Healthcare Selangor, Darul Ehsan Medical Centre, Salam Medical Centre
• Accessibility: Federal Highway, Kesas (Shah Alam Expressway), NKVE, GCE, ELITE, Shah Alam KTM Komuter Station, Raja Muda LRT Station 

When: June 2025

WCT Land Sdn Bhd, the property development, investment, and management arm of WCT Holdings Bhd, has partnered with Maybank to provide up to 120% financing for purchasers of its GreenRE-certified developments in a bid to ease affordability pressures amid rising living costs. 

Oriental Holdings Bhd (KL:ORIENT) has reported a 71.56% year-on-year (y-o-y) decline in net profit for the first quarter due to reduced operating profit across its business segments except healthcare.

Property developer UOA Development Bhd (KL:UOADEV) reported a 48.79% increase in net profit for the first quarter ended March 31, 2025 (1QFY2025), supported by the progressive revenue recognition from its ongoing development projects.