News by edgeprop.my

When MLDC Bhd acquired the ageing Kempas Residences within Genting View Resort six years ago, the developer quickly realised that cosmetic refurbishment alone would not be enough to revive the 20-year-old asset.

Batu Kawan has rapidly evolved from a former agricultural enclave into one of Penang’s most active development corridors, underpinned by rising high-rise residential transactions, strengthening commercial property values, and sustained industrial expansion across the area.

IOI Properties Group Bhd (IOI Properties) has formally announced the proposed establishment of IOIPG Malaysia Real Estate Investment Trust (IOIPG REIT), with a total portfolio disposal consideration of approximately RM7.58 billion — one of the largest REIT IPOs in Malaysian history.

PE Land Group will anchor Capstone Corporate Suites with a 35,000-sq ft regional office upon completion, marking a key milestone for the 36-storey Grade-A office tower in Bandar Cassia, and reinforcing Batu Kawan’s emergence as Penang mainland’s business hub.

Nestcon Bhd is venturing into property development for the first time, proposing to acquire three parcels of freehold commercial land in Iskandar Puteri, Johor Bahru for a total of RM95 million through its indirect 70%-owned subsidiary, Nestcon Iskandar Puteri Sdn Bhd.

Sunsuria Bhd has completed its acquisition of an additional 41% equity interest in KL City Gateway Sdn Bhd (KLCG), raising its total shareholding from 20% to 61%, and consolidating KLCG as a subsidiary of the group.

EXAL Malaysia carried out a community outreach initiative in collaboration with Majlis Perbandaran Padawan (MPP), benefiting 31 underprivileged families across Kuching.

Menara Merdeka 118 is set to be recognised by the Kuala Lumpur Fire and Rescue Department as the first building in Malaysia to implement the Automatic Fire Monitoring System (SPKA), marking a new benchmark in high-rise fire safety standards.

The government will explore a privatisation model for the proposed southern alignment of the West Coast Expressway (WCE), following deliberations at the 50th meeting of the National Physical Planning Council (NPPC) chaired by Prime Minister Datuk Seri Anwar Ibrahim.