IOI Properties Group Bhd (KL:IOIPG) confirmed that it is planning a real estate investment trust, to be listed on Bursa Malaysia's Main Market, as it announced on Tuesday the incorporation of a subsidiary to be the REIT's manager.
Three professional bodies representing property valuers, managers and consultants have called for the second reading of the Urban Renewal Bill to be deferred pending comprehensive stakeholder engagement.
TA Global Bhd on Tuesday signed a memorandum of understanding (MOU) with Alliance Bank Malaysia Bhd (KL:ABMB) to offer green financing for purchasers of its Grade-A strata office tower development called The Arden in Bandar Sri Damansara, Selangor.
The Federal Territories Department (JWP) and Kuala Lumpur City Hall (DBKL) have been directed to review all recommendations by the Public Accounts Committee (PAC) concerning land development in the capital despite some issues falling outside their jurisdiction.
A total of RM20.9 billion in financing guarantees under the Housing Credit Guarantee Scheme (SJKP) has been approved involving 88,507 applications since its implementation in 2008 up to May 31 this year.
Noteworthy:
When: March 2025
The call comes after the PAC urged the government to overhaul Kuala Lumpur’s land development system, citing serious issues including unchecked approvals, ignored public objections, and the sale of public land below market value.
Loke said the project is now in its final phase, with track infrastructure fully completed.
Parcel C comprises 49 shoplots with built-up sizes ranging from 2,908 to 3,706 sq ft and priced between RM2.09 million and RM3.87 million.
Net profit for the three months ended June 30, 2025 (2QFY2025) was RM91.71 million, or 3.5 sen per share.
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