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Sand Nisko aims to develop a mini township in Melaka

Sand Nisko aims to develop a mini township in Melaka

Sand Nisko Capital Bhd will undertake a residential project in Alor Gajah, Melaka with a landowner and explore further possibilities of working with other landowners in the surrounding area with the ultimate aim of establishing a mini township, with an estimated gross development value (GDV) of RM50 million. Its property development subsidiary, Len Cheong Resources...

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WCT is selling land in Serendah for its business expansion

WCT is selling land in Serendah for its business expansion

WCT Holdings Bhd, which owns a 60 per cent equity in Subang Skypark Sdn Bhd, the operator of Skypark Terminal at Sultan Abdul Aziz Shah Airport (formerly, Subang Airport) is selling 12 parcels of freehold land in Serendah, Selangor for RM214.3 million to partly fund its business expansion. The group, an active player in the...

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KSK Land to leverage on Delve software to drive smart sustainable property projects

KSK Land to leverage on Delve software to drive smart sustainable property projects

KUALA LUMPUR: KSK Group Bhd’s property development unit KSK Land Sdn Bhd will be the first company in Malaysia to use Delve to drive smart, sustainable developments, through real-time data-driven feasibility and massing studies. Created by Sidewalk Labs, a New York-based urban innovation company, Delve is a software tool that uses generative design and artificial...

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Revenue Group acquires two properties in KL for RM44mil

Revenue Group acquires two properties in KL for RM44mil

KUALA LUMPUR (Bernama) — Revenue Group Bhd’s indirect unit, Next Revenue Sdn Bhd, has entered into two conditional sale and purchase agreements with Starplus Corporation Sdn Bhd to acquire two pieces of land here for RM44 million. Next Revenue is a wholly-owned subsidiary of Revenue Harvest Sdn Bhd and an indirect wholly-owned subsidiary of Revenue...

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Tri-Mode to increase warehouse capacity in Pulau Indah

Tri-Mode to increase warehouse capacity in Pulau Indah

KUALA LUMPUR (Aug 13): Integrated logistics service provider Tri-Mode System (M) Bhd is acquiring a parcel of land measuring 234,432 sq ft for RM15.94 million to expand its warehouse in Pulau Indah Industrial Park (PIIP). Tri-Mode said it plans to build a 150,000 sq ft warehouse on-site in the next one or two years in view of...

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Tropicana completes land acquisition in Genting Highlands

Tropicana completes land acquisition in Genting Highlands

Tropicana Corp Bhd has completed the acquisition of a plot of freehold land measuring 84 hectares (ha) next to its Tropicana Grandhill property project in Bentong, Pahang. Its wholly-owned indirect subsidiary, Tropicana Inspirasi Indah Sdn Bhd (formerly known as Snowflakes Realty Sdn Bhd) last week paid the balance purchase consideration for the acquisition of the...

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Property outlook: Up, down or stagnant?

Property outlook: Up, down or stagnant?

Signs of financial distress in the country are getting more prevalent and clearer as the Covid-19 impact bites deeper into Malaysia’s economy, resulting in rising unemployment and shrinking incomes. The Department of Statistics Malaysia’s May 2021 data showed that the jobless rate was at 4.5 per cent, involving over 728,000 workers, although it dropped marginally...

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Pavilion REIT can see recovery from Pavilion KL, says analyst

Pavilion REIT can see recovery from Pavilion KL, says analyst

PAVILION Real Estate Investment Trust (REIT) might see a better recovery in the fourth quarter (4Q) of this year, as lower operating expenses and borrowing cost drove up its net profit for the first half of 2021 (1H21). However, Hong Leong Investment Bank Bhd (HLIB Research) said REIT’s 1H21 core net profit of RM51.7 million...

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