KUALA LUMPUR (Aug 17): PMB Technology Bhd’s subsidiary PMB Land (Sg Besi) Sdn Bhd has proposed to sell land in Kuala Lumpur for RM37 million and use the proceeds to repay a loan and for working capital. The disposal of the freehold land, measuring 6,658 sq m, is part of the company’s plans to streamline...
Read moreKUALA LUMPUR (Aug 16): OKA Corp Bhd has proposed to acquire a piece of land in Senai, Johor for a total of RM14.24 million for expansion of operation. In a filing with Bursa Malaysia on Tuesday (Aug 16), the precast concrete product manufacturer said its wholly-owned subsidiary OKA Concrete Industries Sdn Bhd (OCI) had purchased the piece of...
Read moreKUALA LUMPUR (Aug 15): Tiong Nam Logistics Holdings Bhd has entered into a preliminary collaboration agreement with a unit of Johor Corp (JCorp) to jointly develop a logistics hub on a 300-acre plot of land in Sedenak Tech Valley, Johor. In a Bursa filing on Monday (Aug 15), Tiong Nam said the agreement is subject to further exploration of...
Read moreThe attractiveness of the RM1.3 billion Utropolis Glenmarie in Shah Alam, Selangor has increased with the opening of the new 229 key midscale Mercure Kuala Lumpur Glenmarie managed by Accor. The 8.4-hectare Utropolis Glenmarie is the first integrated development by Paramount Corp Bhd’s subsidiary, Paramount Property.The KDU University College flagship campus serves as the centrepiece...
Read moreThe opening of a 420-meter flyover on Jalan Meru built by Sime Darby Property Bhd has improved access to Bandar Bukit Raja, known as “The Pride of Klang.” Sime Darby Property invested RM73.5 million to build the flyover to provide seamless accessibility between the eastern and western segments of Bandar Bukit Raja which has about...
Read moreMGB Bhd, a provider of construction and real estate development services, would build apartments and a building in Cybersouth, Sepang for a contract sum of RM172.3 million. The contract was obtained by MGB’s wholly-owned subsidiary Construction & Engineering Sdn Bhd from Kita Sejati Sdn Bhd.The deal calls for building two 24-story residences as well as...
Read moreLagenda Properties Bhd intends to develop an affordable housing project in Perak with a projected gross development value (GDV) of RM920 million. The project will be developed across 422 acres, which it is buying from a company called Ladang Awana Sdn Bhd for RM92.4 million cash.Taraf Nusantara Sdn Bhd, a wholly owned subsidiary of Blossom...
Read moreKLCCP Stapled Group Bhd’s net profit for the second quarter ended June 30, 2022 (2Q22), rose 14.69% to RM165.18 million from RM144.01 million a year prior on the back of significant improvement in the retail and hotel segments. The group, which comprises KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust, saw its earnings per...
Read moreBangi Resort & Development Corp Sdn Bhd (BRDC) is selling a premier leasehold residential site covering 26.66 acres within Bangi Golf Resort (BGR) for development purposes. The land, which consists of 49 parcels, is believed to be worth about RM90 million. The price range for bungalow lots at the resort during the preceding five years...
Read moreKUALA LUMPUR: UEM Sunrise Bhd has acquired 6.39 acres of freehold land in Kuala Lumpur, at the intersection of Jalan Sultan Yahya Petra Jalan Padang Tembak for RM384mil. The developer signed a Sale and Purchase Agreement with land owner Nipponkey Sdn Bhd with plans to develop the land into a residential property for young homeowners...
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