Al-Aqar Healthcare Real Estate Investment Trust (Al-Aqar REIT) (KL:ALAQAR), which owns and manages hospitals, wellness and health centres and health colleges, has reported a 2.5% year-on-year fall in its second-quarter net income.

Hyatt Regency Kuala Lumpur at KL Midtown officially opened its doors on Tuesday, marking the return of the Hyatt Regency brand to Kuala Lumpur and representing Hyatt Hotels Corporation’s seventh property in the city.

Eastern & Oriental Bhd (KL:E&O) is pitching its Andaman Island as the site of the proposed RM10 billion Penang International Financial Centre.

Kerjaya Prospek Group Bhd (KL:KERJAYA) said it is eyeing new land acquisitions to bolster its property development pipeline, while also exploring opportunities in industrial park projects.

Engineering firm West River Bhd (KL:WESTRVR) has secured a RM16.66 million subcontract to undertake electrical low-voltage and lighting services for an apartment project.

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.