Incentives for Forest City set to boost real estate sector — RHB
The recently announced incentives for Forest City’s Special Financial Zone (SFZ) are expected to uplift the real estate sector, particularly in the Iskandar Malaysia region.
NCT Alliance plans to take up 51% interest in 101ha Sabah plot
Construction outfit and property development and hospitality management group NCT Alliance Bhd (KL:NCT) plans to acquire a 51% equity interest in Setara Juara Sdn Bhd, which holds the development rights to about 101.037ha or 249.67 acres of land in Putatan, Sabah.
Intel will delay ops of new facility being built in Penang — CEO Gelsinger
Intel Corp will delay the operations of a new plant currently being built in Malaysia as the world’s largest computer chip maker grapples with declining sales and mounting quarterly losses.
PTT Synergy snaps up RM11m Sepang factory, land from Sime Darby Property
Integrated construction and property company PTT Synergy Bhd (KL:PTT) has acquired a semi-detached factory, together with a piece of land, in Sepang from Sime Darby Property Bhd (KL:SIMEPROP) for RM11 million.
OSK Property, RHB launch Green Home Financing
OSK Property Holdings Bhd, the property arm of OSK Holdings Bhd (KL:OSK), is partnering with RHB Bank Bhd (KL:RHBBANK) to launch a new green financing initiative called Green Home Financing, offering preferential mortgage margin of financing for green residential projects with green certification.
Govt announces incentives to jumpstart Forest City special financial zone
The Malaysian government on Friday announced incentives to jumpstart the Forest City special financial zone that include special corporate income tax rates and 0% tax rate for family offices.
Malaysian REITs achieve 7% increase year-to-date on Bursa's REIT index, says MRMA
The Malaysian REIT Managers Association (MRMA) has announced that Malaysian Real Estate Investment Trusts (M-REITs) in 2024 has achieved a 7% increase year-to-date on the Bursa Malaysia REIT Index.
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EcoWorld shares climb to seven-week high after 3Q results beat estimates
Shares of Eco World Development Group Bhd (KL:ECOWLD) rose on Friday to their highest in seven weeks after the property developer reported better-than-expected third-quarter results.
Country Heights to ask contractor to withdraw legal action over alleged unpaid sums
Country Heights Holdings Bhd (KL:CHHB) said it will request a contractor for the group's residential project in Kedah to withdraw its legal action against the group's subsidiary, Country Heights Smart Living Sdn Bhd, over alleged unpaid payments.
Appellate court allows joint hearing of govt and Semantan Estate’s appeal on Nov 7, unless settlement is reached beforehand
The Court of Appeal (COA) has allowed on Thursday for a joint hearing of the Federal Territory (FT) Land Registrar’s and Semantan Estate (1952) Sdn Bhd’s opposing appeals on the “Duta enclave” issue on Nov 7 this year.
