Hektar REIT to buy 42 acres of land in Melaka for RM40m
Hektar Real Estate Investment Trust (KL:HEKTAR) said it has entered into a deal to buy two parcels of leasehold land in Melaka, totalling 41.8 acres, for RM40 million.
MRCB firms up deal to jointly develop RM6.25b GDV Ipoh Sentral
Malaysian Resources Corp Bhd (KL:MRCB) has firmed up the partnership to jointly develop Ipoh Sentral, a transit-oriented development project in the Perak capital with a gross development value of RM6.25 billion.
Ho Hup unit gets winding-up petition from IRB over RM24 mil tax arrears
Ho Hup Construction Company Bhd (KL:HOHUP) has been served with a winding-up petition by the Inland Revenue Board (IRB) over tax arrears amounting to RM23.72 million.
NexG acquires Petaling Jaya property for RM28.5 mil to boost production capacity
NexG Bhd (KL:NEXG), formerly known as Datasonic Group Bhd, is buying an industrial property in Petaling Jaya for RM28.5 million to boost production and efficiency for current and future projects. The move aims to bring research, design, and production under one roof, improving cost efficiency, quality control, and output.
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Avaland buys 3.2-acre KL land from Tan Chong for RM148m
Avaland Bhd (KL:AVALAND) has signed a deal to acquire a 3.194-acre parcel of land on Jalan Putra here from a unit of Tan Chong Motor Holdings Bhd (KL:TCHONG) for RM148.8 million, which it plans to develop into a mixed-use commercial project.
‘Duta enclave’ land dispute: Govt valuer says she relied on DBKL info on zoning, not ‘hope value’ of land
A government valuation property expert said that she relied on planning or zoning information gazetted by the Kuala Lumpur City Hall (DBKL), while the private valuer for the plaintiff of the "Duta enclave" land had made conjunctures on possible future development.
ERAT Residence achieves 20% take-up rate since March
Suntrack Development Sdn Bhd’s ERAT Residence, a condominium in Shah Alam, has achieved a 20% take-up rate since its soft launch in March.
CGS expects Kitacon to see stronger earnings in 2HFY2025 from project completions, better profit margins
Kumpulan Kitacon Bhd (KL:KITACON) is expected to see stronger earnings in the second half of 2025 (2HFY2025), as township project developments Bandar Bukit Raja and Elmina reach completion, alongside better margin expansion, according to CGS International.
REITs see sentiment boost from OPR cut, but valuations already reflected move—analysts
Bank Negara Malaysia's (BNM) overnight policy rate cut may improve sector sentiment, but its impact on real estate investment trusts (REITs) is expected to be limited, with only modest borrowing cost reductions, as market valuations have largely priced in the move.
Ahmad Zaki Resources unit gets winding-up petition over RM5.86 mil payment dispute
Ahmad Zaki Resources Bhd (KL:AZRB) said on Wednesday that one of its subsidiaries has been served with a winding-up petition by Giga Engineering & Construction Sdn Bhd over an alleged unpaid sum of RM5.86 million.
