News by theedgemalaysia.com

Sentral REIT’s net property income (NPI) rose 6.05% to RM30.12 million in the third quarter ended on Sept 30, 2023 (3QFY2023) from RM28.40 million a year ago, underpinned by higher gross revenue, offset by higher property expenses.

Vestland Bhd has secured a RM240 million contract to undertake the main building works, mechanical and electrical and external works for two blocks of council homes in Taman Desa, Kuala Lumpur.

Prime Minister Datuk Seri Anwar Ibrahim has instructed the Kuala Lumpur City Hall (DBKL) to submit periodic reports within the next two weeks, on the implementation of decisions made pertaining to the Kuala Lumpur Structure Plan 2040 (KLSP 2040), in order to improve the ease of doing business in the city.

There were 1,920 residential units auctioned in the first nine months of 2023, with a total value of RM529.03 million, according to Local Government Development Minister Nga Kor Ming.

The Ministry of Local Government Development (KPKT) will allocate RM50 million for green infrastructure made out of recyclable materials from Tetra Pak packaging, said its minister, Nga Kor Ming.

AME Real Estate Investment Trust (AME REIT) reported a net income of RM8.72 million for the second quarter ended Sept 30, 2023 (2QFY2024) on the back of a net property income of RM10.78 million. It continued to maintain 100% occupancy rates across its industrial properties.

CGS-CIMB has a 'double overweight' recommendation on the construction sector, owing to its higher confidence in the government's policy continuity.

Expanding its portfolio of investment properties, Kanger International Bhd has acquired 15 units of the proposed serviced apartments in Tower A of Antara Genting Highlands Resort Suites for RM19.77 million.

Tan Sri Abdul Rashid Abdul Manaf has ceased to be a substantial shareholder of Eco World Development Group Bhd (EWGB), according to a filing with Bursa Malaysia.

The requests came from both international and local industry players in recent weeks.