Property developer EcoFirst Consolidated Bhd has proposed to acquire the remaining 49% stake in a subsidiary that owns 4.18 acres of land in Sungai Besi for RM78.4 million.

It is selling the 9.78-acre plot to Jantoco Realty Sdn Bhd (JRSB) — a wholly owned subsidiary of Harrisons Holdings (Malaysia) Bhd that is principally engaged in property investment and management

Axis Real Estate Investment Trust (REIT) is acquiring an industrial facility located in Kapar, Klang for RM41 million cash.

The Ministry of Housing and Local Government (KPKT) hopes its application for 100% stamp duty exemption for ownership of first-time homeowners of properties priced above RM500,000 to RM1 million would be approved at the tabling of Budget 2023 next month.

Real estate company Mulpha International Bhd received an unconditional voluntary takeover offer notice at RM2.30 a share on Friday (Sept 23) from several joint offerors.

Some residents have claimed that Petaling Jaya City Council (MBPJ) did not comply “with its own guidelines” when granting approval for a project located along Lebuh Bandar Utama (BU) near Sprint Expressway.

Kuala Lumpur City Hall (DBKL) will not allow any development work along the foot of Bukit Dinding in Wangsa Maju here, as long as the strategic communication session with residents has not been finalised.

YNH Property Bhd proposes an asset-backed securitisation exercise to raise up to RM500 million fresh capital, seven months after it issued Islamic sukuk to raise RM323 million.

Bank Negara Malaysia (BNM) should react at a more “aggressive pace” in terms of increasing the overnight policy rate (OPR), said Manulife Investment Management.

UEM Sunrise Bhd said it is collaborating with two units of Petroliam Nasional Bhd (Petronas) in areas relating to sustainability, renewable and green energy, carbon emission solutions, as well as exploration of green mobility.