Magma Group Bhd's (KL:MAGMA) former executive chairman Datuk Seri Ismail @ Farouk Abdullah has ceased to be a substantial shareholder in the hotel management and property development company, following a stake trim.

Malayan United Industries Bhd (KL:MUIIND), or MUI, will be sealing a deal to sell Corus Hotel Kuala Lumpur to a publicly-listed property developer, according to sources.

Noteworthy:

• Freehold
• Built-up size: 3,076 sq ft
• Land size: 1,820 sq ft
• 5 bedrooms, 4 bathrooms
• Unfurnished
• Nearby amenities: Tamarind Square, Hospital Cyberjaya, Multimedia University, Cyberjaya Lake Gardens, University of Cyberjaya
• Accessibility: Putrajaya–Cyberjaya Expressway, SKVE, LDP, Persiaran Multimedia

When: March 2025

While shopping mall owners grapple with rising costs, KIP REIT (KL:KIPREIT) could stay resilient and offer an above-average distribution yield of 8%, according to Apex Securities.

Anchored by an international port serving as Malaysia’s main gateway for cargo freight, Port Klang town has been lined by a historic commercial core as old as the harbour. With some having weathered more than a century’s rain and shine, the shops here retain among the lowest rent rates in the Klang Valley.

A planned developmnt by Tan & Tan Developments Bhd, this exclusive strata villa project sits on 4.8 acres of prime land in Damansara Heights, Kuala Lumpur. 

Recent disruptions of the aerotrain service at Terminal 1 of the Kuala Lumpur International Airport (KLIA) were not due to mechanical failure, but a minor technical issue that was resolved promptly, said Transport Minister Anthony Loke Siew Fook.

Mah Sing Group Bhd’s (KL:MAHSING) maiden project under its premium M Grand Series, M Grand Minori, recorded a 90% take-up rate for Phase 1 of Tower A during its launch weekend.

With more jobs set to trickle in for Gamuda Bhd (KL:GAMUDA), investors should focus more on the wins than earnings delivery at the builder, said CGS International in lifting its target price to the highest on the street.

Exsim Hospitality Bhd (KL:EXSIMHB), formerly Pan Malaysia Holdings Bhd, has agreed with AmFIRST Real Estate Investment Trust (REIT) (KL:AMFIRST) to manage a planned RM45 million refurbishment and rebranding of The Summit Hotel Subang USJ, and to lease the hotel for three years after the revamp.