News by Myia S Nair

Rapid Synergy Bhd’s wholly-owned subsidiary, Rapid Precision Technologies Sdn Bhd (RPTSB), has entered into a sale and purchase agreement with Osram Opto Semiconductors (Malaysia) Sdn Bhd, part of ams-OSRAM, for the disposal of two parcels of industrial land and buildings in Bayan Lepas, Penang, for RM35 million.

The upcoming facility, with a capacity of over 130 beds, will cater to individuals requiring specialised nursing care, regardless of age.

The China-based company said the RM600 million facility marks a significant milestone in SHB’s global expansion strategy. 

Eco World Development Group Bhd’s 81%-owned subsidiary, Mutiara Balau Sdn Bhd, has entered into a conditional sale and purchase agreement (SPA) with Boustead Balau Sdn Bhd (BBSB) to acquire a 22.73-acre freehold commercial parcel in Mukim Semenyih, Selangor, for RM82.19 million.

Bukit Jalil, located approximately 20 minutes from central Kuala Lumpur, is experiencing continued growth as a major residential, commercial, and institutional hub in the Klang Valley. 

Construction services firm Advancecon Holdings Bhd has been appointed by Sime Darby Property (Serenia City) Sdn Bhd as the contractor for the proposed construction and completion of earthworks and ancillary works for Phases SB2 and SB3 (Bayu Serenia) of the Serenia City Stage 3 township in Dengkil, Sepang, Selangor.

The new Wisma KePKAS, with an estimated development cost of RM70 million, will be located at Jalan Wisma Budaya, on a site measuring approximately 1.1 acres.

The township’s development includes the Sedenak Tech Park (STeP) East, which currently houses several data centres and has attracted investments from foreign players. 

The company said the area’s accessibility and surrounding infrastructure make it suitable for affordable housing development.

The soft launch of the National Planning Congress (NPC) 2025 was held here in Putrajaya today, signalling the lead-up to Malaysia’s premier urban planning event.