KUALA LUMPUR (Jan 24): Malaysian Resources Corp Bhd (KL:MRCB) is partnering with Melaka Corp to develop a hospital on a parcel of land in Melaka Tengah, that will have an estimated gross development cost of RM520 million. MRCB said its wholly-owned unit MRCB Land Sdn Bhd has entered into a joint venture (JV) and shareholders’...
Read moreKUALA LUMPUR (JAN 24): Packaging manufacturer and developer Scientex Bhd (KL:SCIENTX) on Friday said it is acquiring 528.49 acres of land in Paya Rumput, Melaka for RM333.8 million cash (RM14.50 per sq ft) from Genting Plantations Bhd (KL:GENP). Scientex said the acquisition will boost its existing landbank, which aligns with the company’s goal to build...
Read morePETALING JAYA: The Johor-Singapore Special Economic Zone (JS-SEZ) is seen as a transformative project for both nations, with substantial economic, social and industrial benefits. Anchored by strong bilateral commitment, the zone is expected to deliver significant growth across the property, infrastructure and high-technology sectors. Maybank Investment Bank Research (Maybank IB) expressed optimism following a recent...
Read moreKUALA LUMPUR (Jan 21): YNH Property Bhd (KL:YNHPROP) is disposing of a two-storey shopping centre, AEON Mall Seri Manjung in Perak, to Sunway Real Estate Investment Trust (KL:SUNREIT) for RM138 million. A sale and purchase agreement was inked between YNH Property’s wholly owned units Kar Sin Bhd and YNH Hospitality Sdn Bhd, with RHB Trustees...
Read moreKUALA LUMPUR: Mah Sing Group Bhd has acquired 1.13 hectares of prime freehold land in Sentul for RM32 million, making it the group’s first land deal for this year. The new project marks Mah Sing’s third development in Sentul, following the success of M Centura and M Arisa, The project, to be named M Aria,...
Read moreGEORGE TOWN (Jan 20): Fajarbaru Builder Group Bhd and the Penang Development Corporation (PDC) have signed the master purchase and development agreement (master PDA) for the first phase of the Penang Medi-City project in Batu Kawan. Fajarbaru Builder executive chairman and executive director Tan Sri Chan Kong Choy said the first phase of Medi-City spans 20.70 hectares out of the...
Read moreKUALA LUMPUR (Jan 17): Mitrajaya Holdings Bhd said it has secured a RM375.5 million contract for the construction of a data centre in Kuala Lumpur. The construction group said the contract was awarded by NextDC Sdn Bhd, the Malaysian unit of Australia’s data centre operator NextDC Ltd. The contract, awarded to its wholly owned subsidiary Pembinaan...
Read moreKUALA LUMPUR: SUNWAY Bhd’s plans to accelerate investment in Sunway City Iskandar Puteri (SCIP) township mark a significant step in its expansion strategy, as it positions itself to capitalise on the growth of the Johor-Singapore Special Economic Zone (JS-SEZ). CGS International chartered financial analyst Chong Tjen San said it is timely for Sunway to accelerate...
Read moreGEORGE TOWN: Eastern & Oriental Bhd (E&O) has unveiled its latest waterfront residence Maris with a gross development value (GDV) close to RM700mil. In a statement, the property developer said the 49-storey freehold development, launched yesterday, comprises 516 furnished serviced residences and is located in the vibrant Gurney Green district on Andaman Island here. The units are...
Read moreKUALA LUMPUR: The data centre market in Southeast Asia is projected to grow at over five per cent annually, reaching US$14.41 billion (US$1 = RM4.49) by 2029, according to Hitachi Ltd’s unit, Hitachi Vantara LLC. Hitachi Vantara chief technology officer for Asia-Pacific (APAC), Matthew Hardman said the APAC region’s rapid urbanisation and growing digital economy...
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