"The government plans to compensate 177 homeowners on humanitarian grounds for the LTU Expressway project, says Deputy Works Minister Datuk Seri Ahmad Maslan." Kuala Lumpur, 26th July 2024, 12.02pm - The federal government has decided to compensate 177 homeowners impacted by the Lingkaran Tengah Utama (LTU) Expressway, formerly known as the Central Spine Road, according to Deputy Works Minister Datuk...
"Gadang Holdings cuts net loss to RM9.37M in Q4FY2024 and records RM4.71M annual profit, driven by increased revenue from construction and property divisions." Kuala Lumpur, 25th July 2024, 11.00am - Gadang Holdings Bhd’s net loss reduced to RM9.37 million for the fourth quarter ended May 31, 2024 (4QFY2024) from RM27.7 million in the same period last year, due to increased revenue from its...
"Tropicana Corp sells Tropicana Gardens Mall, W KL Hotel, and Courtyard by Marriott Penang to IOI Properties for RM1.1 billion, reducing debt and strengthening financial stability." Kuala Lumpur, 24th July 2024, 13.48pm - Tropicana Indah Sdn Bhd, a 70%-owned subsidiary of Tropicana Corporation Bhd, has entered into a sale and purchase agreement with IOI Mall Damansara Sdn Bhd, a subsidiary of IOI...
"AFZ Realty sees rising demand for real estate consultants as market recovers, highlighting opportunities for career growth across Peninsular Malaysia." Selangor, 23th July 2024, 10.31am - The real estate sector is seeing substantial growth as the market recovers, leading to a rising demand for real estate consultants, according to AFZ Realty Sdn Bhd Managing Director Afizan Mohktar. He noted that many...
"Genting Plantations plans RM593 million acquisition of 152 hectares in Sentul City, Jakarta for property development, aiming to expand its footprint in Indonesia." Kuala Lumpur, 22th July 2024, 10.31am - Genting Plantations Bhd (GenP), 55.4% owned by Genting Bhd, plans to acquire two land plots in Indonesia for RM593 million for property development. The plots, covering 152 hectares, are located in...
"Industry experts highlight the urgent need to modernize Malaysia’s aging buildings to meet current safety and energy regulations, ensuring sustainability and efficiency by 2050." Kuala Lumpur, 19th July 2024, 14.03pm - Real estate industry experts emphasize the urgent need for refurbishing and modernizing Malaysia’s aging buildings, as about two-thirds of these structures, which currently fail to...
"GD Group introduces Sikamat Industrial Park with modern infrastructure, strategic connectivity, and ESG principles to boost economic growth and international collaboration." Kuala Lumpur, 17th July 2024, 14.35pm - Property developer GD Group has entered the industrial park sector with the launch of Sikamat Industrial Park in Vision Valley 2.0, Negeri Sembilan. According to a statement by GD Group,...
"Petronas Twin Towers and KLCC Park win gold at The Edge Malaysia Best Managed & Sustainable Property Awards 2024, highlighting excellence in property management and sustainability." Kuala Lumpur, 16th July 2024, 13.43pm - The Petronas Twin Towers received gold at The Edge Malaysia Best Managed & Sustainable Property Awards (BMSPA) 2024 in the 10 Years and Above – Non-strata Office category,...
"The government plans to adjust VOP to help contractors with rising construction costs from the diesel subsidy, ensuring timely project completion." Pahang, 15th July 2024, 11.15am - The government has agreed in principle to implement the Variation of Price (VOP) to support contractors dealing with rising construction material costs due to the recent targeted diesel subsidy, ensuring timely project...
"At the 25th MSBC meeting, leaders discussed advancing mutual interests and exploring opportunities through the Johor-Singapore Special Economic Zone (JS-SEZ)." Johor, 12th July 2024, 14.22pm - At the 25th Joint Meeting of the Malaysia-Singapore Business Council (MSBC) on Thursday, discussions centered on advancing mutual interests and exploring new opportunities through the Johor-Singapore Special...