Blossom Suites at Tanjung Bungah: A Contemporary Coastal Living in Penang
Blossom Suites is a 42-storey mixed development by Kobay Development Sdn. Bhd., located along Jalan Tanjung Bungah in Penang.
Blossom Suites is a 42-storey mixed development by Kobay Development Sdn. Bhd., located along Jalan Tanjung Bungah in Penang.
Censof Holdings Bhd (KL:CENSOF) has secured a RM12.4 million contract from the Ministry of Housing and Local Government to develop a one-stop centre licensing system for local authorities.
Metro Healthcare Bhd (KL: METRO), which specialises in fertility, obstetrics and gynaecology services, has cancelled its planned RM9.5 million purchase of a four-storey shopoffice in Subang Jaya, Selangor.
The 80% consent threshold proposed under the Urban Renewal Bill 2025 is among the highest in the world and complies with international best practice standards, serving as a prerequisite for initiating negotiations among property owners, according to the Housing and Local Government Ministry (KPKT).
Noteworthy:
When: April 2025
UEM Sunrise Bhd reported a 6% year-on-year increase in net profit for the second quarter ended June 30, 2025 (2QFY2025), supported mainly by stronger contributions from its property development segment, which accounted for 75% of total revenue, up from 61% previously.
NCT Alliance Bhd (KL:NCT) is to acquire its major shareholders’ industrial park developer firm for RM490.26 million in shares and redeemable convertible preference shares (RCPS) to expand its development portfolio into industrial properties.
Builder Binastra Corp Bhd (KL:BNASTRA) has secured a RM132 million contract from Exsim Lumba Kuda Sdn Bhd to carry out piling works for a new 63-storey serviced apartment project in Johor Bahru.
Practice Note 17 (PN17) company Ivory Properties Group Bhd (KL:IVORY) announced that Bursa Securities has rejected its application for a further extension of time to submit its regularisation plan.
Sime Darby Property Bhd’s new SJCC East One development is emerging as one of Subang Jaya’s most desirable addresses, thanks to its blend of convenience and modern amenities.