CapitaLand Malaysia to buy Selangor warehouse for $11.4m

The REIT plans to convert the property into a temperature-controlled distribution center. CapitaLand Malaysia REIT (CMRM) announced that the trustee of CapitaLand Malaysia Trust (CLMT) has entered into a sale and purchase agreement to acquire a freehold logistics warehouse at Shah Alam, Selangor for MYR38.7m (approximately $11.4m). The warehouse is located at the HicomGlenmarie Industrial Park....

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Mah Sing Inks Agreement on 561.56 Acres Industrial Land in Sepang with Potential GDV of Up to RM2 Billion

Kuala Lumpur – Mah Sing Group Berhad (Mah Sing) will be developing a new 185 acres prime industrial development named Mah Sing Business Park, Sepang with an estimated gross development value (GDV) of approximately RM728 million. Mah Sing Business Park, Sepang will be developed by Fusion Heights Development Sdn Bhd, a subsidiary of Mah Sing South...

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SunCon bags RM720.99mil shopping mall project from parent company

KUALA LUMPUR: Sunway Construction Group Bhd (SunCon) has secured a RM720.99 million contract for a shopping mall project located in Kinta, Perak. The contract was awarded to Sunway Construction Sdn Bhd (SCSB), a wholly-owned subsidiary of SunCon, by Sunway Bhd’s indirect subsidiary, Sunway Lost World Water Park Sdn Bhd, according to a stock exchange filing...

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Sunway and Hoi Hup awarded 2ha land in Singapore for S$423mil housing development

KUALA LUMPUR: Sunway Bhd’s unit and Singapore-based Hoi Hup Pte Ltd, have been awarded a 2-hectare land to develop a 99-year lease term executive condominium housing development worth S$423.38 million in Tengah, Singapore by the Housing and Development Board of Singapore. Sunway’s subsidiary, Sunway Developments Pte Ltd (SDPL)  and Hoi Hup jointly tendered for the...

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CLMT buys properties in Johor for RM27mil

PETALING JAYA: Capitaland Malaysia Trust(CLMT) has entered into a conditional sale and purchase agreement with Nusajaya Tech Park Sdn Bhd for the acquisition of two properties in Iskandar Puteri, Johor, for RM27mil. In a filing with Bursa Malaysia, CLMT said the first property consists of two semi-detached factories with a mezzanine office and guard posts. The...

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Sunway REIT acquires 163 Retail Park for RM215mil

KUALA LUMPUR: The manager of Sunway Real Estate Investment Trust (SunREIT) has announced that it has acquired 163 Retail Park in Mont Kiara, Kuala Lumpur, for RM215mil. In a statement, Sunway REIT Management Sdn Bhd said the REIT trustee had signed a conditional sale and purchase agreement with D’Kiara Place Sdn Bhd, a wholly-owned subsidiary of YNH Property...

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Commercial real estate to sustain rally in 2024

PETALING JAYA: Investments into the commercial real estate market are expected to drive its resurgence moving further into 2024, according to research houses and industry players. Knight Frank Malaysia (Knight Frank) believes that funding will further intensify in the retail, healthcare and educational sub-sectors, with growing interest also observed in alternative investments, particularly into serviced...

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Titijaya buys 97 medium cost flats from Bank Negara for RM44.5mil

PETALING JAYA: Titijaya Land Bhd has entered into 97 separate sale and purchase agreements with Bank Negara for the proposed acquisition of five-storey, medium-cost flats in Subang Jaya, Selangor for RM44.5mil. In a filing with Bursa Malaysia, Titijaya said it is acquiring 97 units of two-bedroomed flats to be redeveloped into mixed commercial properties. “The proposed acquisition...

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