Sentral REIT has signed a conditional sale and purchase agreement (SPA) with a unit of its major unitholder Malaysian Resources Corp Bhd (MRCB) to acquire the 27-storey office building known as Menara CelcomDigi in Petaling Jaya, Selangor for RM450 million.
... as it believes that the market has moved past the "Forest City scare" or supply glut from the massive mixed-use development, thanks to incoming infrastructure developments.
The association said it was given the responsibility at a Malaysia Steel Council meeting last week, which had focused on the need for the local steel sector to strengthen its Decarbonisation and ESG disclosure and compliance of Scope 1, 2 and 3.
The investments will have to be in the targeted manufacturing sectors promoted by the government through its New Investment Policy and the upcoming New Industrial Master Plan 2030
The Ministry of Local Government Development (KPKT) has allocated RM3.4 million to revive six abandoned housing projects in Kelantan this year.
The last few years have seen challenging times for many people, including professionals and lawyers too. In a nutshell, in line with the rising cost of living and doing business since the last revision of the SRO 2005 (revised in year 2017 hereinafter referred to as ‘SRO 2017’), the SRO 2023 reviewed upwards the schedule of fees that lawyers can legally charge and offer discounts and rebates
The recent hike in conveyancing legal fees will result in a rise in the cost of purchasing a house, said Real Estate and Housing Developers' Association Malaysia (Rehda).
Gamuda Bhd’s property arm Gamuda Land has entered into an agreement to acquire a 9.1-acre site in Thu Duc City in Ho Chi Minh City (HCMC), Vietnam, for approximately US$315.8 million (RM1.47 billion).
SkyWorld Development Bhd is committed to achieving a return on equity (ROE) of over 20% for its shareholders going forward.
Noteworthy:
May 2023
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