Seremban-based property developer Matrix Concepts Holdings Bhd (KL:MATRIX) is divesting 38.65 acres of land in the town for RM90.91 million in a related-party transaction.

Noteworthy:

• Freehold
• Built-up size: 2,433 sq ft
• Floor level: Mid
• Fully furnished
• 4 bedrooms, 4 bathrooms
• Nearby amenities: Pavilion Bukit Bintang, Jalan Alor Food Street, Plaza Low Yat, Tung Shin Hospital, Raja Chulan monorail station, MRT Bukit Bintang
• Accessibility: Jalan Raja Chulan, Jalan Pudu, Jalan Imbi, Jalan Sultan Ismail, MEX, Sungai Besi Expressway, AKLEH

When: August 2024

Prime Grade A office space in Asia-Pacific is set to increase by 7% in 2025, up from 4% in 2024, with over 40% of new supply concentrated in mainland China, according to the Knight Frank’s Asia-Pacific 4Q2024 Office Highlights report.

Construction outfit Binastra Corp Bhd (KL:BNASTRA) has bagged a RM250.37 million contract to build a six-storey data centre in Cyberjaya, Selangor for AIMS Group, which is owned by New York-listed DigitalBridge Group Inc.

IJM Corp Bhd (KL:IJM), through its joint-venture (JV) company Exio Logistics Sdn Bhd, will invest RM460 million in a new logistics hub in Sungai Buloh to support Malaysia’s supply chain and e-commerce.

Malaysian businessmen Dennis Teen avoided jail time in Australia after he was found guilty for a A$3.4 million (RM9.6 million) “kickback” as part of a property sale to Mara Inc, according to news.com.au.

PropNex Realty Sdn Bhd’s senior negotiator Lee Teck Han’s 18-year journey in real estate is a testament to passion, perseverance and the power of personal growth.

Noteworthy:

• Freehold
• Built-up size: 2,069 sq ft
• Floor level: low
• Semi-furnished
• 5 bedrooms, 4 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: September 2024

As part of the lawsuit, SCIB is seeking several court declarations to safeguard its financial interests and legal standing.

This raises the construction and property developer’s outstanding order book to RM1.27 billion.