News by theedgemalaysia.com

Property developer Mah Sing Group Bhd will be developing a mixed residential development named M Zenya in Kepong with a total estimated gross development value (GDV) of about RM500 million.

LBS Bina Group Bhd has partnered with a land owner to jointly undertake a RM1 billion gross development value (GDV) mixed development in Sungai Penchala, Kuala Lumpur.

SKS Group has signed a hotel management agreement with Marriott International to open a 345-room Sheraton Johor Bahru hotel in Johor Bahru, Johor, which is expected to open in 2025.

GUH Holdings Bhd said the out-of-court settlement with a unit of JAKS Resources Bhd and a construction firm over its payment claim for work undertaken as a sub-contractor is expected to result in revenue increment of some RM4 million for the financial year ending Dec 31, 2023.

JLand Group Sdn Bhd (JLG), a wholly owned subsidiary of Johor Corporation (JCorp), has mobilised initiatives such as the anti-bribery policy, the gift & donation policy, and the conflict of interest, to demonstrate its commitment towards upholding integrity across its operations.

Hextar Technologies Solutions Bhd (HexTech) is set to leave its warehousing segment upon completion of the proposed land sales that will enable the company to raise RM78.31 million cash to expand its technology businesses.

Central Global Bhd’s unit had signed a collaboration agreement with Kedah state government to develop a mixed project with a gross development value of RM42.3 million at Pendang, Kedah.

After six years, property development and construction firm TWL Holdings Bhd, formerly known as Tiger Synergy Bhd, has decided to scrap its plans to jointly develop a residential and/or commercial development in Klang, Selangor, with LJ Development (KL) Sdn Bhd.

The Binjai on the Park and Kuala Lumpur Convention Centre retained their Gold status at The Edge Malaysia Best Managed & Sustainable Property Awards (BMSPA) 2023 under the 10 Years & Above Multiple-owned Strata Residential Category and 10 Years & Above Specialised Category, respectively.

Minister of Local Government Development (KPKT) Nga Kor Ming said his ministry is pushing for the enactment of a new law, the draft of which will be tabled soon, to speed up the redevelopment of old properties for urban renewal.