News by theedgemalaysia.com

Bina Puri Holdings Bhd’s (KL:BPURI) has received its sixth winding-up petition this year, after the Inland Revenue Board (IRB) filed action against its wholly owned unit BPI (WM) Sdn Bhd for allegedly failing to pay outstanding taxes.

Palm kernel expeller manufacturer Muar Ban Lee Group Bhd (KL:MBL) has acquired two parcels of industrial land together with existing buildings in Muar, Johor, for a total consideration of RM9.5 million, as part of its ongoing capacity expansion strategy.

Gabungan AQRS Bhd (KL:GBGAQRS) has entered into an agreement with the owner of a 7.92-acre site in Bangi to jointly undertake a commercial and residential project with a potential gross development value of up to RM600.47 million.

Sabah’s Bumiputera housing quota approach should be adopted by other Malaysian states, which retains the 30% allocation but provides homebuyers with more flexibility in terms of unit selection and removal of the holding period for reselling, according to participants of the Real Estate and Housing Developers' Association (Rehda) Institute’s workshop on housing quota on Wednesday.

The High Court of Malaya has ruled that architects have statutory rights to prepare and submit planning applications, invalidating long-standing restrictions imposed by local authorities.

YTL Hotels & Properties Sdn Bhd, a subsidiary of YTL Corp Bhd (KL:YTL), announced that it will open JW Marriott Hotel Johor Bahru on Dec 1, 2026, at a signing ceremony with Marriott International Inc held at JW Marriott Hotel Kuala Lumpur on Wednesday.

Setia Awan Group’s transit-oriented development, Astrum Ampang, marked a major construction milestone with the topping out of all six residential towers on Wednesday.

Malaysia’s real estate investment trust (M-REIT) sector could lose its appeal if a long-standing withholding tax concession on REIT distributions expires on Dec 31, 2025, according to Maybank Investment Bank (Maybank IB).

IJM Land Bhd will introduce premium grocer Village Grocer to Seremban 2 in the fourth quarter of 2027 under a RM25 million investment.

Hextar World at Empire City in Petaling Jaya began operations on Nov 29 with the unveiling of High Street, an enclosed lifestyle promenade, accompanied by cultural performances and public activities.