LBS Bina Group Bhd (KL: LBS) has launched SkyRia, the latest addition to its D'Island Residence project in Puchong.

Practice Note 17 (PN17) company Ivory Properties Group Bhd (KL:IVORY) said in a Bursa Malaysia filing on Wednesday it had been granted a restraining order by the High Court of Malaya in Penang to restrain all further proceedings against the company including winding up, execution and arbitration from its creditors.

Industronics Bhd said it has been appointed as the project management company to develop a hotel and golf course on a 155-acre parcel of land in Langkawi.

Paragon Globe Bhd (KL:PGLOBE) is selling part of a parcel of freehold land it had just acquired in the district of Plentong, Johor Bahru, for RM238.32 million to improve its liquidity and financial position.

All eyes will be on Bank Negara Malaysia (BNM) as the central bank is set to announce its overnight policy rate (OPR) decision later on Thursday afternoon.

UOB KayHian has initiated coverage on Lagenda Properties Bhd (KL: LAGENDA) with a “buy” rating at RM1.49 and target price (TP) of RM2.05.

Noteworthy:

• Freehold
• Built-up size: 4,385 sq ft
• Unfurnished
• 5 bedrooms, 6 bathrooms
• Nearby amenities: Bangsar Shopping Centre, DC Mall, Pavilion Damansara Heights, Bangsar Village I & II, MRT Pusat Bandar Damansara, Bukit Bandaraya Public Park, Help University
• Accessibility: Sprint-Damansara and Kerinchi Link, LDP, Jalan Maarof, Jalan Johar, Jalan Damanlela, Jalan Tuanku Abdul Halim

When: February 2024

Sentral Real Estate Investment Trust (KL:SENTRAL), or Sentral REIT, posted a 30.29% increase in its net property income in the first quarter ended March 31, 2024 (1QFY2024) to RM38.15 million from RM29.28 million a year ago, on higher contribution from four of its key properties.

The High Court of Sabah and Sarawak yesterday settled a lawsuit over defects in the common area of the Peak Vista Condominium at Signal Hill besides the intercom system of both towers of the condo project that has been unresolved for over a decade.

Hartamas Real Estate (Malaysia) Sdn Bhd marked milestones in the company's progress while recognising the dedication and achievements of staff and agents during its Awards for Excellence event recently.