Lagenda 1Q profit grows 4%, doubles FY2025 property launch target
Lagenda Properties Bhd (KL:LAGENDA) posted a 4.4% year-on-year (y-o-y) increase in net profit for the first quarter, thanks to earnings recognised from elimination adjustments.
Sentral REIT to buy UEM Sunrise’s Mont’Kiara retail assets for RM70m
Sentral REIT (KL:SENTRAL) is acquiring 38 stratified retail units and 1,432 parking bays in the Arcoris Plaza Development in Mont’Kiara, Kuala Lumpur, from UEM Sunrise Bhd (KL:UEMS), for RM70 million cash.
IOI City Mall Phase 2 recognised as largest GBI-certified mall in Malaysia
IOI Properties Group Bhd (KL:IOIPG) announces that its IOI City Mall Phase 2 has received Certified Green Building Index (GBI) rating under the Non-Residential New Construction: Retail (NRNC: Retail) category, making it the largest mall in Malaysia to obtain GBI certification to date.
Kwasa Land partners Educ8 Group to build private education hub in Kwasa Damansara
Kwasa Land Sdn Bhd, the master developer of Kwasa Damansara, is partnering with Educ8 Group to develop an education facility spanning 11.6 acres in Kwasa Damansara, Selangor.
Al-Aqar REIT dragged by loss on disposal in 1Q; Al-Salam REIT sees retail, industrial boost
Al-Aqar Healthcare Real Estate Investment Trust (Al-Aqar REIT) (KL:ALAQAR) reported a 3.7% decline in net income to RM15.80 million for the first quarter ended March 31, 2025 (1QFY2025), compared to RM16.41 million in the same period last year, primarily due to a loss of income from the disposal of the Damai Care & Wellness Centre and higher manager's fees.
Titijaya acquires properties in Kota Kinabalu for RM105 mil
Titijaya Land Bhd (KL:TITIJAYA) has proposed the acquisition of two properties located adjacent to Universiti Malaysia Sabah (UMS) in Kota Kinabalu for a total of RM105 million.
Kerjaya Prospek to buy 49% stake in Aspen Vision Land for RM98 mil
Kerjaya Prospek Group Bhd (KL:KERJAYA) on Monday said it will be acquiring a 49% stake in Aspen Vision Land Sdn Bhd (AVL) for RM98 million, as the property developer intends to co-develop Aspen Vision City in Batu Kawan, Penang.
MaMing Group announces three joint-venture projects in Selangor, N Sembilan
Property developer MaMing Group has entered into three joint-venture agreements to develop new residential and industrial developments in Selangor and Negeri Sembilan.
Mah Sing’s M Tiara in Johor 70% sold within a year
M Tiara, the landed residential development located at Skudai, Johor, by Mah Sing Group Bhd (KL:MAHSING), has surpassed a 70% overall take-up rate in less than 12 months since its official launch.
Govt mulls new rooftop solar mechanism, adds 100MW residential quota
The government has added another 100 megawatts (MW) to the rooftop solar quota under the Net Energy Metering (NEM) Rakyat programme, two days after the existing 600MW quota was fully dished out.
