Vizione Holdings Bhd (KL:VIZIONE) said its unit has served a notice to Inspirasi Langkawi Sdn Bhd to terminate its employment as main contractor for the development of a 14-storey hotel in Langkawi, claiming it had not been properly paid for its works so far.

Loss-making Classita Holdings Bhd (KL:CLASSITA) is mulling diversifying into the property investment business as it foresees growing demand.

Property developer SkyWorld Development Bhd (KL:SKYWLD), which made its Main Market debut in July last year, said it is on target to launch developments with an estimated gross development value of RM4.6 billion by 2026, having achieved RM1.1 billion worth of launches so far.

S P Setia Bhd clinched two key awards at The Edge Property Excellence Awards (TEPEA) 2024 held at the Mandarin Oriental Kuala Lumpur on Nov 11.

Master Builders Association Malaysia (MBAM) supports the Construction Industry Development Board (CIDB) Malaysia’s decision to retract its quality guidebook for homeowners, said MBAM president Oliver HC Wee.

Berjaya Hartanah Bhd, a wholly owned subsidiary of Berjaya Land Bhd (KL:BJLAND), officially launched on Friday, its latest condominium development named Oaka Residences at Bukit Jalil, Kuala Lumpur. The project has a gross development value (GDV) of RM373 million.

Damansara REIT Managers Sdn Bhd, the manager of Al-`Aqar Healthcare REIT and Al-Salam REIT, has appointed Zulhilmy Kamaruddin as its new chief executive officer (CEO) as of Thursday (Nov 21).

Eastern & Oriental Bhd (E&O) has launched the first phase of the masterplan for its Andaman Island development. Spanning 760 acres of reclaimed land off the coast of the northeastern corner of Penang island, the mega project, with an estimated RM60 billion gross development value (GDV), will be developed in two phases. 

The Sarawak Land Code is a comprehensive legislative framework that governs land administration and management in the state of Sarawak

Oriental Holdings Bhd (KL:ORIENT) saw the diversified group’s net profit for the third quarter fall 70.12% year on year to RM88.87 million, from RM297.42 million on the absence of one-off gains recognised in the corresponding quarter in 2023.