Apex Equity Holdings Bhd (KL:APEX), which is involved in stockbroking, property development and money lending services, said on Monday it is buying a boutique office building in Bangsar South, Kuala Lumpur for RM50 million. In an exchange filing, Apex said its wholly owned unit Apex Development Sdn Bhd has entered into a sale and purchase agreement with Noah...
Read moreGamuda Bhd’s wholly owned indirect subsidiary, Gamuda DC Infrastructure Sdn Bhd, has entered into a sale and purchase agreement with West Synergy Sdn Bhd to acquire 157.42 hectares of freehold land plots in Port Dickson for RM424.4 million. In a Bursa Malaysia filing today, the regional engineering, property, and infrastructure group said the land acquisition...
Read moreKUALA LUMPUR: Malaysia has been ranked first among regional peers in Southeast Asia in Knight Frank’s SEA-5 Data Centre Opportunity Index for the second consecutive year with an annual take-up of 429 megawatts (MW). In its Data Centre Research Report 2024, the global property consultancy said growth is driven by strategic investments from tech giants...
Read moreKUALA LUMPUR (Dec 23): KLCC (Holdings) Sdn Bhd, a unit of national oil and gas company Petroliam Nasional Bhd (Petronas), on Monday said that it has acquired 486 acres of Bandar Malaysia land for an undisclosed price. A sale-and-purchase agreement for the close to 200-hectare land, the site of the former Royal Malaysian Air Force base...
Read moreTWO hotels under Berjaya Corp Bhd (BCorp) — Berjaya Beau Vallon Bay Resort & Casino and Berjaya Praslin Resort in Seychelles — have been put up for sale, sources familiar with the matter tell The Edge. While details are scarce, the price tag being bandied about for the two hotels is in the region of...
Read moreKUALA LUMPUR: Real estate developers are showing greater optimism about the property market outlook for the first half of 2025 (1H 2025) compared to the second half of 2024 (2H 2024), which was impacted by carry-forward transactions and rising building material costs. However, they remain cautious and are adopting a wait-and-see approach, particularly with the...
Read moreKUALA LUMPUR: Mah Sing Group Bhd has acquired 2.42 hectares of freehold land at Taman Pelangi, Johor Bahru, for RM156.8 million. The sale and purchase agreements (SPAs) were signed with Pelangi Sdn Bhd, a subsidiary of S P Setia Bhd. The land is located just 3 km from the upcoming Johor-Singapore Rapid Transit System (RTS)...
Read moreKUALA LUMPUR (Dec 17): Bank Negara Malaysia (BNM) is proposing the removal of the Rule of 78 method for calculating interest on personal financing, and for certain home financing products to be treated as personal financing products with a maximum 10-year tenure cap. The “Rule of 78” calculates a loan’s interest for the entire loan term...
Read moreSEREMBAN: Matrix Concepts Holdings Bhd continues to redefine the property landscape with its visionary strategies and commitment to delivering innovative developments that resonate with modern lifestyles. The group broke ground for the first phase of the Malaysia Vision Valley City (MVV City) project in Negri Sembilan on Tuesday. Designated as the crown jewel of the...
Read moreKUALA LUMPUR (Dec 17): Sunway Bhd’s (KL:SUNWAY) property arm, Sunway Property, has launched the GreenRE-certified townhome project, Serene Villas, as part of its ongoing Sunway Wellesley master-planned development in Bukit Mertajam, Penang. The project, which has a gross development value (GDV) of RM150 million, would span 3.65 hectares and comprise 210 townhomes designed for multigenerational living, and equipped with infrastructure for electric-vehicle chargers, it said in...
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