News by edgeprop.my

Malaysia is reviewing Act 757 to ensure strata governance keeps pace with rapid urbanisation and the growing shift towards stratified housing.

The Forest City Special Financial Zone (SFZ) is expected to surpass its RM2 billion investment target for 2026, supported by steady investor interest since its launch within the Johor-Singapore Special Economic Zone (JS-SEZ).

Artificial intelligence (AI) is set to drive stronger economic growth and higher demand for commercial real estate across Asia Pacific (Apac), rather than reduce the need for physical space, according to a new study by global property services firm Cushman & Wakefield.

Property developer Eastern & Oriental Bhd (E&O) announced the launch of AVÉA, a RM1 billion serviced apartment development at Gurney Green within Andaman Island, Penang, slated for completion in June 2030.

Ann Joo Resources Bhd said its indirect subsidiary Gurun Heavy Industrial Park Sdn Bhd (GHIP) and joint venture partner Transyear Sdn Bhd have entered into a sale and purchase agreement with Zichen Malaysia Sdn Bhd for the disposal of a 62.395-acre freehold industrial plot in Gurun, Kedah, for a cash consideration of RM119,588,000.

Citaglobal Bhd has completed its private placement exercise following the listing and quotation of 46,768,000 subscription shares on the Main Market of Bursa Malaysia on June 10, while Berjaya Corp Bhd's (BCorp) wholly owned subsidiary Berjaya Securities Sdn Bhd (BSecurities) separately disclosed that it had become a substantial shareholder of Citaglobal after subscribing for 46,768,000 new shares.

Chin Hin Group Property Bhd (CHGP) said the conditional period for its joint development agreement (JDA) with Kelana Megah Sdn Bhd has been further extended by six months, as conditions precedent under the agreement have yet to be fully satisfied.

For many Malaysians, engaging a real estate agent is a familiar part of adulthood, whether for renting, buying, selling or investing in property.

Varia Bhd said its indirect wholly owned subsidiary Varia Southrise Sdn Bhd has entered into a collaboration agreement with Seri Alam Properties Sdn Bhd to jointly undertake the development of a freehold residential parcel in Bandar Seri Alam, Johor Bahru, comprising a proposed 645-unit stratified housing project with an estimated gross development value (GDV) of about RM250 million.

The proposed acquisition by Enrich Horizon Sdn Bhd (EHSB) of two parcels of leasehold land measuring about 859,897 sq ft in Mukim Plentong, Daerah Johor Bahru, Johor, was completed yesterday.