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Month: November 2022

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Surbana Jurong, Mitsubishi Corp, and Sinar Mas Land join up to develop 108-ha Jakarta mixed-use development

SINGAPORE (EDGEPROP) – Mitbana, a joint-venture company of Surbana Jurong and Mitsubishi Corp, is partnering Indonesian developer Sinar Mas Land to develop one of the largest mixed-use projects in BSD City in Greater Jakarta, Indonesia. The 108ha project features residential and transit-oriented developments, and it will be helmed by Sinar Mitbana Mas, the joint-venture company...

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Desa ParkCity’s NOÖRA sees 73% of residential units taken up

KUALA LUMPUR (Nov 29): Desa ParkCity’s Scandinavian-themed project NOÖRA recorded 73% of its residential units taken up over the weekend of Nov 26 and 27 during a Priority Sales event. Described as ParkCity Group’s first integrated development at its Desa ParkCity townwhip, the developer stated that there were “overnight queues as prospective buyers turned up as early as...

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Pavilion REIT inks deal to buy Pavilion Bukit Jalil mall from Malton for RM2.2 bil

KUALA LUMPUR (Nov 22): An agreement has finally been inked to facilitate Pavilion Real Estate Investment Trust’s (Pavilion REIT) purchase of Pavilion Bukit Jalil mall (PBJ mall) from Malton Bhd. Both groups have been in talks regarding the purchase since December last year. Malton’s executive chairman and major shareholder Tan Sri Desmond Lim is also the chairman...

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Axteria in two mixed development joint ventures with GDV totalling RM590 mil

KUALA LUMPUR (Nov 22): Axteria Group Bhd’s wholly owned subsidiary Axteria Development Sdn Bhd (ADSB) has entered into joint-venture agreements to undertake mixed development projects with gross development value (GDV) totalling RM590 million. ADSB’s first joint-venture agreement is with Alpha Astral Properties Sdn Bhd and involves a mixed development on 8.30 ha in the Mukim of Tebrau, Johor Bahru. “The parties have plans...

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IJM bags two building contracts in Penang for RM422.18m

KUALA LUMPUR (Nov 23): IJM Corp Bhd has secured two contracts for the construction of a manufacturing facility and a commercial tower in Penang worth RM422.18 million, sending its construction orderbook to RM4.8 billion. These job wins in Penang came on the heels of IJM securing two major contracts in Selangor last month — a RM831 million construction contract...

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Sunsuria signs MoU with Nanjing University of Chinese Medicine

PROPERTY developer Sunsuria Bhd has today entered into a memorandum of understanding (MoU) with Nanjing University of Chinese Medicine (NJUCM) to foster the joint development of Traditional Chinese Medicine (TCM) centres in Malaysia. “The MoU is an effort for international cooperation spearheaded by the National Administration of Traditional Chinese Medicine of China, which will be jointly...

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Country Heights buys office tower for RM44 mil via public auction

KUALA LUMPUR (Nov 17): Country Heights Holdings Bhd said it was successful in its bid at a public auction to acquire a 10-storey office tower at the Mines Resort City for RM44.1 million. The property, known as The Heritage Tower @ Mines Wellness City, has a gross floor area of 29,886 sq metres and a net lettable area of about 14,167 sq...

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Golden Land to purchase 19.8-acre land in Pahang for RM10m

KUALA LUMPUR (Oct 18): Oil palm planter and property development company Golden Land Bhd is to acquire two parcels of land situated in Bentong, Pahang for RM9.91 million, with the purpose of developing terrace houses on the sites. In a bourse filing on Monday (Oct 17), Golden Land said its wholly-owned subsidiary Scott Emas Sdn Bhd has inked...

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