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....
Read moreKuala 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...
Read moreKUALA LUMPUR (Feb 22): Infrastructure and construction company Ekovest Bhd is disposing of 13 parcels of land measuring a total of 12,400.139 sq m in Section 85 along Jalan Pahang here to Airman Sdn Bhd, a wholly-owned subsidiary of Lim Seong Hai Holdings Sdn Bhd (LSHHSB), for RM66.8 million. The proposed disposal is deemed a...
Read moreKUALA LUMPUR: TH Properties Sdn Bhd, a wholly-owned unit of Lembaga Tabung Haji, said the recent signing of land deals in Bandar Enstek with four prominent investors has propelled the first quarter land sale of the township into full swing. The company has concluded the sale of industrial and agricultural land to Epsom College in...
Read moreKUALA 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...
Read moreKUALA 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...
Read morePETALING 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...
Read moreKUALA 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...
Read morePETALING 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...
Read morePETALING 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...
Read more
中文