News by theedgemalaysia.com

Bank Pembangunan Malaysia Bhd said on Wednesday it is providing financing totalling RM253.5 million for construction of a data centre in Cyberjaya, Selangor.

Loss-making property developer Thriven Global Bhd is selling four plots of freehold land collectively measuring 50,454 sq m or 12.47 acres in Kulim, Kedah, to raise some RM22 million.

The occupancy rates of shopping complex retail space in Malaysia improved by two percentage points year-on-year (y-o-y) in 2023, while the occupancy rate of purpose-built office space remained unchanged, according to the National Property Information Centre (Napic).

The number of completed residential properties that remained unsold for nine months continued to decline in 2023, extending the improvement seen a year before.

Malaysia’s national mortgage corporation Cagamas Bhd said on Wednesday it has raised RM960 million from the issuance of bonds and sukuk.

Malaysia’s property transaction value hit RM196.83 billion in 2023 — the highest ever recorded by the National Property Information Centre (Napic).

Malaysia’s auditor general on Wednesday flagged going concerns issues at two federal government agencies Federal Land Development Authority (Felda) and PR1MA Corp Malaysia.

Fajarbaru Builder Group Bhd has won a RM120.82 million contract to build a clubhouse and a driving range complex in Johor Bahru.

Nextgreen Global Bhd has proposed a private placement of up to 102.57 million shares, representing 10% of its issued share capital, to yet-to-be-identified third-party investors with the issue price to be determined later.

The proposed development are of a 1,000-acre Johor-Shenzhen Industrial Park in Ulu Sedili, together with a 50-acre Johor-Shenzhen Innovation Development Hub in Johor Bahru.