"S P Setia finalizes RM392 million land sale to Mah Sing, reallocating resources to key projects, reducing debt, and enhancing competitiveness. Mah Sing to launch M Legasi township in Semenyih by end-2024." Selangor, 6th Aug 2024, 10.15am - S P Setia Bhd has finalized the sale of its land to Elite Park Development Sdn Bhd, Grand Prestige Development Sdn Bhd, and Mestika Bistari Sdn Bhd, all wholly...
"Avaland celebrates topping out Alira Subang Jaya with 95% take-up rate. The E.A.S.Y. Ownership Campaign aids homeownership for Alira, Amika Residences, and Alora Residences." Selangor, 5th Aug 2024, 11.22am - Avaland has recently topped out Alira Subang Jaya (“Alira”), marking the fourth project milestone of 2024. Alira boasts a 95% take-up rate, demonstrating strong market appeal and investor...
"EcoWorld Malaysia introduces QUANTUM, its fifth revenue pillar, focusing on digital and high-tech initiatives to support Malaysia's economic transformation and industry leadership." Kuala Lumpur, 2nd Aug 2024, 14.59pm - Eco World Development Group Bhd (EcoWorld Malaysia) has introduced a new industrial revenue stream called QUANTUM, marking the group's fifth revenue pillar. QUANTUM will emphasize...
"TCS Group secures RM130 million contract for 630-unit Arcadia Residences in Selangor, to be funded internally and via borrowings." Kuala Lumpur, 1st Aug 2024, 11.45am - TCS Group Holdings Bhd, a building and infrastructure construction company, has won a RM130.15 million contract to build serviced apartments in Selangor through a related party transaction. The project, named Arcadia Residences,...
"Bursa Malaysia's marketing division will move to TRX, while main operations stay in Bukit Kewangan. TRX rent tops Malaysia at RM10-RM14 per sq ft." Kuala Lumpur, 31th July 2024, 12.45pm - Bursa Malaysia Bhd will relocate only its "front office" to the Tun Razak Exchange (TRX), not its entire operation, according to Chairman Tan Sri Abdul Wahid Omar. Wahid explained that the front office includes...
"KPKT earmarks RM14 million to reconstruct Pasir Pinji Market, targeting 2027 completion, with plans for green building and boosting the local economy." Perak, 30th July 2024, 11.11am - The Ministry of Housing and Local Government (KPKT) has earmarked RM14 million for rebuilding the Pasir Pinji Market, which will host 214 traders. Minister Nga Kor Ming announced that the project, anticipated to...
"Prime Minister Anwar Ibrahim calls on DBKL to focus on redeveloping the deteriorating Dato Keramat Market, assigning immediate action to relevant officials." Kuala Lumpur, 29th July 2024, 11.12am - Prime Minister Datuk Seri Anwar Ibrahim has urged Kuala Lumpur City Hall (DBKL) to prioritize the redevelopment of the deteriorating Dato Keramat Market. He instructed Titiwangsa Member of Parliament...
"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...
