"Terengganu requires over RM2.4 billion to build breakwaters across 34 locations to combat severe coastal erosion, with urgent funding sought for immediate repairs in Kuala Nerus." Kuala Lumpur, 15th Jan 2025, 02.30pm - Terengganu's Infrastructure, Utilities, and Rural Development Committee Chairman, Hanafiah Mat, announced that the state needs over RM2.4 billion to construct breakwaters to address...
"Gamuda's SRS Consortium secures RM8.31 billion Penang LRT contract for a 24km stretch with 19 stations, aiming to ease Penang traffic congestion in six years." Kuala Lumpur, 14th Jan 2025, 10.00am - Gamuda Bhd announced that its consortium, SRS Consortium Sdn Bhd, has been appointed as the main contractor for the first civil works package of the Penang Light Rail Transit (LRT) Mutiara Line. The...
"Malaysia's property market is set for robust growth in 2025, driven by infrastructure projects like the RTS Link and Johor-Singapore SEZ, creating hotspots and boosting investments." Kuala Lumpur, 13th Jan 2025, 01.30pm - The Malaysian property market is poised for significant growth in 2025, driven by positive buyer sentiment, robust economic fundamentals, and the catalytic effects of upcoming...
"Sime Darby Property fully acquires two logistics warehouses in Bandar Bukit Raja, Selangor, for RM232 million, strengthening its industrial portfolio with assets totaling 700,000 sq ft of net lettable space." Kuala Lumpur, 09th Jan 2025, 12.23pm - Sime Darby Property Bhd has fully acquired two modern double-storey logistics warehouses in Bandar Bukit Raja, Selangor, for RM232 million, consolidating...
"Annum Bhd appoints LTTH PLT as its new auditor amid ongoing PN17 regularisation efforts. The move follows challenges with previous auditors and delays in financial reporting." Kuala Lumpur, 09th Jan 2025, 12.23pm - Practice Note 17 (PN17) company Annum Bhd has appointed Messrs LTTH PLT as its new auditor, effective Wednesday. The firm will serve until the conclusion of Annum's next annual general...
"Economists highlight the Johor-Singapore Special Economic Zone's (JS-SEZ) potential to boost jobs and growth, stressing the need for tax incentives, infrastructure upgrades, and investor-friendly policies to attract investments." Kuala Lumpur, 08th Jan 2025, 01.25pm - The Johor-Singapore Special Economic Zone (JS-SEZ) is set to boost employment and economic activity in Johor, but economists emphasize...
"Kerjaya Prospek Group secures a RM256.4 million contract from Eastern & Oriental Express Sdn Bhd for a residential project in Elmina West, Shah Alam. The project includes 360 three-storey terrace houses, a clubhouse, and landscaping, ensuring sustained growth with an RM4.2 billion order book." Kuala Lumpur, 07th Jan 2025, 11.20am - Construction giant Kerjaya Prospek Group Bhd has been awarded a...
"Double-storey homes in Kuala Lumpur and Petaling Jaya are forecast to rise 3-4% in 2025, says property expert Sean Tan. Industrial properties in Johor and Selangor also show high growth potential." Kuala Lumpur, 06th Jan 2025, 11.20am - The prices of double-storey residential houses in the Klang Valley, particularly in high-demand areas of Kuala Lumpur (KL) and Petaling Jaya (PJ), are forecast to rise...
"Sunway REIT completes the RM158 million acquisition and rebranding of Kluang Mall to Sunway Kluang Mall. Anchored by Pacific Hypermarket, the nearly fully occupied mall offers a 7% initial net property income yield, boosting Sunway REIT's portfolio to 28 assets worth RM10.3 billion." Kuala Lumpur, 03rd Jan 2025, 11.40am - Sunway Real Estate Investment Trust (Sunway REIT) announced on Thursday that it...
"Suria KLCC upsizes its sukuk murabahah programme to RM2 billion, securing a AAA rating from RAM Ratings to fund shariah-compliant initiatives, showcasing KLCCP's robust financial strategy and market leadership." Kuala Lumpur, 02nd Jan 2025, 12.20pm - KLCC Property Holdings Bhd (KLCCP), through its wholly owned unit Suria KLCC Sdn Bhd, has increased its sukuk murabahah programme limit to RM2 billion...
