Of property headwinds and wealth creation

Good times or not, Malaysian real estate value will continue to climb over the long term, albeit some at a stronger rate than others. There are, however, exceptions where property values have plunged but never recovered, even after decades. Fortunately, such sad incidents are few. Real estate investment is close to the heart of Malaysians,...

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Paragon Globe is buying land in Plentong for RM38.1mil for a commercial development

Paragon Globe Bhd (PGB) will purchase 10.86 hectares of freehold agricultural land in Plentong, Johor, for about RM38.1 million, to turn it into a “well-conceptualised” commercial area. The property development and development company stated in a stock exchange filing last week that it believes the proposed development will improve its future profitability and sales.According to...

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Dynaciate acquires freehold industrial land for RM15mil

PETALING JAYA: Dynaciate Group Bhd’s wholly-owned subsidiary Magnitude Resources Sdn Bhd has entered into a conditional sale and purchase agreement with Sime Darby Property (Nilai) Sdn Bhd (SDPN) to acquire a freehold industrial land with buildings erected in Nilai, Seremban for RM15mil cash. The land is a freehold industrial land measuring 7,690 square metres, with a single-storey detached...

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Samsung Engineering bags US$680mil EPCC contract for gas plant in Sarawak

KUALA LUMPUR: Korean construction and project management company Samsung Engineering Co Ltd has bagged a US$680 million engineering, procurement, construction and commissioning (EPCC) contract for a gas plant in Malaysia. Samsung Engineering received a contract from Sarawak Shell Bhd (SSB) for its Onshore Gas Plant (OGP) for the Rosmari Marjoram project in Bintulu, Sarawak. The...

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Sime Darby Property, LOGOS Property unveil plans for E-Metro Logistics Park’s 8 mil sq ft gross lettable area

KLANG (July 8): Sime Darby Property Bhd and LOGOS SE Asia Pte Ltd’s (LOGOS Property) joint venture — SDPLOG — has unveiled plans with the commencement of groundwork for its maiden asset E-Metro Logistics Park in Bandar Bukit Raja, Klang, Selangor. Sime Darby Property’s group managing director Datuk Azmir Merican said at the groundbreaking ceremony...

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