Construction player and property developer Vizione Holdings Bhd (KL:VIZIONE) has proposed a share capital reduction of up to RM500 million to eliminate its accumulated losses and strengthen its financial position.

KJTS Group Bhd (KL:KJTS) has secured a contract from KIP Real Estate Investment Trust (KL:KIPREIT) to provide retrofit works, operations and maintenance (O&M) services as well as provide chilled water supply for seven of the retail property trust’s shopping malls.

Exsim has mutually terminated its contract with Aperia Cloud Services for the Exsim Hyperscale Data Centre @ Bukit Jalil, opting instead to secure a "Japanese Fortune 500 company" as an anchor tenant while continuing to attract significant interest from other potential occupants.

Kerjaya Prospek Property Bhd (KL:KPPROP) has proposed a renounceable rights issue of redeemable convertible unsecured loan stocks (RCULS) to raise up to RM324.88 million, mainly to fund property development projects and repay bank borrowings.

Noteworthy:

• Freehold
• Built-up size: 1,236 sq ft
• Floor level: High
• Semi-furnished
• 2 bedrooms, 2 bathrooms
• Nearby amenities: Sunway 163 Mall, 1 Mont Kiara, Plaza Mont’Kiara, Mont’Kiara International School, Garden International School, KLGCC
• Accessibility: SPRINT Kerinichi and Penchala Links, NKVE, DUKE, North-South Expressway, Jalan Duta-Sungai Buloh Highway

When: November 2024

Malaysia’s commercial real estate (CRE) market saw a strong recovery in 2024, in line with the global resurgence in property investment.

Iskandar Investment Bhd (IIB) received 5 Diamonds for the Net Zero Carbon Central Business District (NZCC) within the Medini Innopolis masterplan, in Iskandar Puteri, Johor at the Low Carbon Cities 2030 Challenge (LCC2030C) awards this week.

Construction stocks in Malaysia have room to improve from currently unjustified valuations, amid booming data centres and upcoming public projects, analysts said.

Mara Incorporated Sdn Bhd (Mara Inc) is currently drafting a comprehensive property valuation policy, which is expected to be submitted for board approval in this quarter, according to the Public Accounts Committee (PAC).

Eco World Development Group Bhd announced today that it had entered into a sale and purchase agreement with Deye New Energy Technology (Malaysia) Sdn Bhd (Deye) to sell 32.9 acres of industrial land for RM119 million.