KUALA LUMPUR (Dec 5): Precision engineering parts maker FoundPac Group Bhd is to fork out RM25.5 million to purchase industrial land measuring 8,365 square metres in the Bayan Lepas Free Industrial Zone in Penang, with a double-storey detached factory-cum-office building thereon, to increase its production capacity. In a Bursa Malaysia filing on Friday (Dec 2), FoundPac said the...
Read moreKUALA LUMPUR (Jan 10): Tex Cycle Technology (M) Bhd has proposed to dispose of two detached factories in Puchong for RM19 million, noting that they have increased in value since their acquisition in 2004. “The proposed disposal is expected to result in a gain on disposal of approximately RM13.72 million,” the group said in a Bursa Malaysia...
Read moreMah Sing Group Bhd, one of the biggest property development companies in Malaysia by asset size, intends to use the money raised from the sale of an undeveloped plot of land in Penang to buy more land in the future. Its wholly owned subsidiary Klassik Tropika Development Sdn Bhd is selling a parcel of land...
Read moreEDGEPROP (SINGAPORE) – M&G Real Estate has acquired Minato Mirai Center for more than $997 million, as announced on Oct 4. The prime-grade office building in Yokohama was acquired on behalf of M&G Asia Property Fund. “The latest acquisition is a continuation of our strategy to invest in Japan’s key gateway cities and develop assets in...
Read moreKUALA LUMPUR (Jan 19): Ecobuilt Holdings Bhd’s unit has bagged a construction works project worth RM92.46 million to develop a business complex in Penang, according to its bourse filing on Thursday. The group said its wholly owned subsidiary Rexallent Construction Sdn Bhd has accepted the letter of award dated Jan 5 issued by ADM Design &...
Read moreKUALA LUMPUR (Jan 19): Automotive, rail and industrial part maker Kumpulan Jetson Bhd has proposed to dispose of a 1.62-hectare industrial land in Gombak, with a factory complex built on it, for RM35 million. “The proposed disposal will unlock the value of and monetise the long-held property investment,” the group said, adding that the proceeds will...
Read moreKUALA LUMPUR (Jan 18): Radium Development Bhd launched its latest property called the R Suites Chancery Residences in Ampang, Selangor. The 2.18-acre freehold project comprises 944 residential suites, commercial spaces, exclusive facilities and amenities, and a 145-room hotel, which will be managed by a renowned, established independent KL-based hotel brand. Radium’s managing director Gary Gan Kah Siong...
Read moreKUALA LUMPUR (Jan 18): Mah Sing Group Bhd is buying two parcels of land measuring 8.2 acres in Puchong for RM85.86 million from Millennium Acres Sdn Bhd, an entity 50%-owned by Tanco Holdings Bhd’s managing director Datuk Seri Andrew Tan Jun Suan. The remaining stake in Millennium Acres is held equally by Benjamin Tan Bock...
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 (Jan 16): 59 Inc Sdn Bhd has restarted the Kota Semarak mixed development project with a targeted total gross development value (GDV) of RM3.1 billion. The 70%-30% joint venture (JV) company, formed between TH Properties Sdn Bhd (TH Prop) and Malaysian Resources Corp Bhd (MRCB), had planned to start the project in 2019 but...
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