"Crescendo has sold over 150 acres for data centre development, generating more than RM790 million in cash proceeds." Johor, 12th June 2024 - Crescendo Corp Bhd (KL) has announced another land sale to a data centre company, this time selling a parcel in Pulai for RM115.88 million in cash. Crescendo’s wholly-owned subsidiary, Panoramic Industrial Development Sdn Bhd (PID), has signed a conditional...
"The group received certificates from the Ministry of Housing at the June 7 ceremony in Putrajaya, celebrating FIABCI World Prix D’Excellence Awards 2024 gold winners." Kuala Lumpur, 11th June 2024 - S P Setia Bhd received the Heritage Award at the FIABCI World Prix D’Excellence Awards 2024 in Singapore for the Battersea Power Station project on May 30. S P Setia was part of a Malaysian...
"Nextgreen and SPOIC are considering forming a joint venture for a project, with SPOIC holding 70% ownership and Nextgreen the remaining 30%, per their MOU." Kuala Lumpur, 10th June 2024 - Housing and Local Government Minister Nga Kor Ming stated that he aims to change the public's perception of real estate developers being associated with abandoned projects in order to better enhance the...
"Nextgreen and SPOIC are considering forming a joint venture for a project, with SPOIC holding 70% ownership and Nextgreen the remaining 30%, per their MOU." Kuala Lumpur, 7th June 2024 - Nextgreen Global Bhd has entered into a memorandum of understanding (MOU) with Sawit Palm Oil Industrial Cluster Sdn Bhd (SPOIC) to jointly develop the 400-acre Green Technology Park Sandakan in Sabah. SPOIC, a...
"Housing Minister Nga Kor Ming: Collaborating with Singapore's HDB on PRR; aims to partner with global and regional countries to green the housing and construction sector." Kuala Lumpur, 6th June 2024 - Malaysia, set to chair ASEAN in 2025, aims to strengthen its cooperation with fellow member states to ensure the region's cities are well-prepared for the future, stated Housing and Local Government...
"AEON’s filing with Bursa Malaysia states that this acquisition aligns with its strategy to grow its future retail business and expand in Seremban." KUALA LUMPUR, 5th June 2024 - AEON Co (M) Bhd (KL) is acquiring two plots of land in Seremban, Negeri Sembilan, for RM102.89 million to construct a shopping mall. The department store and shopping mall operator entered into a sale and purchase...
"The project will be developed in three phases, beginning in the third quarter of this year and concluding the first phase by the fourth quarter of 2025." KUALA LUMPUR, 4th June 2024 - Jakel Group is collaborating with PiDC Holding Bhd to develop a 51MW data centre in Cyberjaya, valued at RM1.2 billion. In a statement released on Saturday, Jakel announced its acquisition of a 40% stake in the...
"Juwai IQI's Shan Saeed highlights Malaysia's macroeconomic stability, strategic location, skilled workforce, and strong government policies as factors making it a safe haven for investors." KUALA LUMPUR, 31th May 2024 - Real estate is emerging as a new global currency in the anticipated post-pandemic stagflation, according to Juwai IQI chief economist Shan Saeed. “Production cuts, geopolitical...
"The company's revenue of RM225.0 million was primarily driven by property development, significantly boosted by project progress." KUALA LUMPUR, 30th May 2024 - Vizione Holdings Bhd (KL) has secured a RM250 million contract to build apartments in Semenyih, Selangor, in a related-party deal. In a filing with the bourse, Vizione announced that the project includes two 15-storey blocks and three...
"The company's revenue of RM225.0 million was primarily driven by property development, significantly boosted by project progress." KUALA LUMPUR, 29th May 2024 - UEM Sunrise Bhd reported sales of RM232.6 million for the first quarter of 2024 ending March 31, marking a 38% year-on-year increase, or RM64 million. In a media release, the company attributed this growth to strong demand for properties...
