Vestland secures RM157 mil apartment project in KL
Construction outfit Vestland Bhd (KL:VLB) on Thursday secured a RM156.91 million contract to undertake the construction of a 51-storey serviced apartment block in Kuala Lumpur.
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AGC seeks to join contempt case against govt officials, new KL Tower operators; hearing on June 5
The Attorney General’s Chambers (AGC) told the High Court it wants to be heard in a contempt case filed by former KL Tower operator Hydroshoppe Sdn Bhd and Menara Kuala Lumpur Sdn Bhd against government officials and the new KL Tower operators.
HHRG’s unit bags RM13m deal, 51% stake option in Udaran
HHRG Bhd’s subsidiary, Open Road (East Coast) Sdn Bhd (OREC), has signed deals worth RM13 million and secured the right to acquire up to 51% of property developer Udaran Sdn Bhd as part of a mixed-use project in Kuala Terengganu.
Berjaya Land swings to loss in 3Q on absence of one-off gain
Berjaya Land Bhd (KL:BJLAND) swung to a quarterly net loss of RM56.19 million for its third quarter ended March 31, 2025 (3QFY2025), from a net profit of RM29.33 million a year earlier when there was a one-off gain from equity disposal.
IOI Properties' 3Q profit more than halves on higher interest expense
IOI Properties Group Bhd’s (KL:IOIPG) net profit fell 65.42% in the third quarter from a year earlier, due to higher interest expense.
Oriental Holdings' 1Q net profit falls 72% on lower operating profit, declares 20 sen dividend
Oriental Holdings Bhd (KL:ORIENT) has reported a 71.56% year-on-year (y-o-y) decline in net profit for the first quarter due to reduced operating profit across its business segments except healthcare.
Yong Tai to challenge adjudication decision to pay RM75 mil to Kerjaya Prospek
Property developer Yong Tai Bhd (KL:YONGTAI) is seeking to overturn the RM75.46 million adjudication ruling in favour of Kerjaya Prospek Group Bhd’s (KL:KERJAYA) unit, as it claims that the case falls outside the scope of the Construction Act.
E&O in no rush to sell UK assets
Eastern & Oriental Bhd (KL:E&O) said it is "not in a hurry" to sell its properties in the UK, as it keeps the doors open to potential suitors to monetise the non-core assets.
Paradigm REIT sets final IPO price at RM1 amid subdued demand
Paradigm Real Estate Investment Trust (KL:PARADIGM) on Thursday set the final price for its initial share sale at RM1 apiece as previously indicated amid subdued demand from some investors.
Seri Beringin, Bukit Damansara residential land sold for RM7m | DONE DEAL
Noteworthy:
- Freehold
- Land size: 8,880 sq ft
- Nearby amenities: Pavilion Damansara Heights, KPJ Damansara Specialist Hospital, Cempaka International School, Kuala Lumpur Golf Country & Club
- Accessibility: SPRINT-Damansara and Penchala links, LDP, DUKE Highway, Jalan Medan, Jalan Semantan
When: December 2024
