WCT Holdings Bhd (KL:WCT) said its shareholders have approved the proposal to list the Paradigm Real Estate Investment Trust (Paradigm REIT) on the Bursa Malaysia Main Market at Wednesday’s extraordinary general meeting (EGM).

Noteworthy:

• Built-up size: 2,800 sq ft
• Fully-furnished
• 2 bathrooms
• Nearby amenities: MRT Semantan, Pavilion Damansara Heights, Damansara City Mall, Help University, KPJ Damansara Specialist Hospital, Pantai Hospital KL
• Accessibility: SPRINT-Damansara and Kerinchi Links, LDP,  Jalan Duta, Jalan Semantan, Jalan Tuanku Abdul Halim

When: February 2025

KIP Real Estate Investment Trust (KL:KIPREIT) is acquiring four retail properties worth RM118 million in Kuala Selangor and Kuantan, Pahang, marking a strategic suburban expansion.

The National Housing Department is revising the Strata Management Act to enhance governance and close accountability gaps, with full implementation expected by 2026.

Fajarbaru Builder Group Bhd (KL:FAJAR) said on Tuesday it has clinched a RM63.7 million contract for construction works in Klang, Selangor.

The operations and management of the KL Tower will continue as usual, said Menara Kuala Lumpur Sdn Bhd and its parent Hydroshoppe Sdn Bhd, despite the court's dismissal of their ad interim injunction application to halt the award of the iconic landmark's concession to a subsidiary of Lim Seong Hai Capital Bhd (KL:LSH).

The High Court on Tuesday dismissed an application by the former operator of the Kuala Lumpur Tower for an ad interim injunction to halt the award of the KL Tower concession to a subsidiary of Lim Seong Hai Capital Bhd (KL:LSH), LSH Service Master Sdn Bhd.

Noteworthy:

• Freehold
• Built-up size: 2,100 sq ft
• Land size: 1,300 sq ft
• Semi-furnished
• 5 bedrooms, 4 bathrooms
• Nearby amenities: The Mines Shopping Mall, Bukit Jalil National Stadium, Columbia Asia Hospital-Bukit Jalil, IMU University-Bukit Jalil
• Accessibility: MEX, Sungai Besi Expressway, Lebuhraya Bukit Jalil, Kuala Lumpur-Seremban Expressway, SILK

When: February 2025

Agreements have been signed for Matrix to acquire a 50% stake in Horizon L&L Sdn Bhd, the entire equity stake in Exoland Property Management Sdn Bhd, and 30% of Horizon L&L (SEL) Sdn Bhd for RM77.9 million cash.

The properties, each consisting of a three-storey shopoffice building with a land area of approximately 163 sq m, have an audited net book value of RM1.77 million each as of Dec 31, 2023.