News by theedgemalaysia.com

The Malaysian Institute of Architects (PAM) has voiced support for the government’s initiative to introduce a structured and sustainable Urban Renewal Bill, while urging key improvements to ensure that public interest is fully safeguarded.

The debate session on the Urban Renewal Bill 2025 (URA Bill) has been pushed back by a day, as Housing and Local Government Minister Nga Kor Ming confirmed it will not be withdrawn amid continued criticism.

Al-Aqar Healthcare Real Estate Investment Trust (Al-Aqar REIT) (KL:ALAQAR), which owns and manages hospitals, wellness and health centres and health colleges, has reported a 2.5% year-on-year fall in its second-quarter net income.

Hyatt Regency Kuala Lumpur at KL Midtown officially opened its doors on Tuesday, marking the return of the Hyatt Regency brand to Kuala Lumpur and representing Hyatt Hotels Corporation’s seventh property in the city.

Eastern & Oriental Bhd (KL:E&O) is pitching its Andaman Island as the site of the proposed RM10 billion Penang International Financial Centre.

Kerjaya Prospek Group Bhd (KL:KERJAYA) said it is eyeing new land acquisitions to bolster its property development pipeline, while also exploring opportunities in industrial park projects.

Engineering firm West River Bhd (KL:WESTRVR) has secured a RM16.66 million subcontract to undertake electrical low-voltage and lighting services for an apartment project.

Three professional bodies representing property valuers, managers and consultants have called for the second reading of the Urban Renewal Bill to be deferred pending comprehensive stakeholder engagement.

TA Global Bhd on Tuesday signed a memorandum of understanding (MOU) with Alliance Bank Malaysia Bhd (KL:ABMB) to offer green financing for purchasers of its Grade-A strata office tower development called The Arden in Bandar Sri Damansara, Selangor.

The call comes after the PAC urged the government to overhaul Kuala Lumpur’s land development system, citing serious issues including unchecked approvals, ignored public objections, and the sale of public land below market value.