PETALING JAYA: Younger people moving in and out of states is why many towns in Malaysia saw big jumps in population over the past 10 years. Based on available data, Mukim Pulai in Johor is the number one sub-district that saw the largest spike in population of all the places in the country. From 360,000...
Read moreKUALA LUMPUR, April 8 (Benama) – Mah Sing Group Bhd’s land acquisition in Johor is expected to be positive to Mah Sing as it allows it to continue growing its exposure to Johor’s property market. MIDF Amanah Investment Bank Bhd said in a note today that the land acquisition was for the development of new...
Read moreKUALA LUMPUR (April 4): Crescendo Corp Bhd has announced the disposal of a piece of vacant freehold land measuring 1.1 million sq ft in Pulai, Johor for RM132.47 million, or RM120 per sq ft. In a bourse filing on Thursday, the Johor-based property developer said its wholly owned subsidiary Panoramic Industrial Development Sdn Bhd (PID) had entered into...
Read moreKUALA LUMPUR: Tropicana Corporation Bhd says that it is well-positioned for sustainable expansion in the upcoming years thanks to its strong landbank, which spans 1,842 acres and has a potential gross development value of over RM120 billion. In fiscal year 2023 (FY2023), Tropicana achieved a record-breaking revenue of RM1.51 billion, marking the highest figure in...
Read moreKUALA LUMPUR – Iskandar Waterfront City Berhad (IWCITY), a prominent real estate developer, is proud to announce its strategic master development plan for the next 10 years. With a landbank of approximately 1,000 acres holding freehold status, IWCITY is poised for significant growth and development. The company’s development pipeline includes the phased development of 146 acres, with a total Gross Development Value...
Read moreGEORGE TOWN: Penang has invited experienced companies to co-develop an industrial park in Batu Kawan, which was previously mired in controversy, through an open tender. Chief minister Chow Kon Yeow said the Batu Kawan Industrial Park Phase 2 (BKIP 2) project will now be jointly developed by the Penang Development Corporation (PDC) and the private...
Read moreKUALA LUMPUR, 7th Mar 2024 – On Wednesday, Bank Pembangunan Malaysia Bhd announced its commitment to provide RM253.5 million in financing for the construction of a data center in Cyberjaya, Selangor. The tawarruq asset financing facilities will support the development of a tier-three data center by Pi Data Centre Sdn Bhd (PiDC), according to a statement...
Read morePETALING JAYA: Furniture manufacturing and property group Sand Nisko Capital Bhd (SNC) has unveiled plans to develop a RM1.75 billion mixed development project in Melaka in partnership with colourful businessman Tedy Teow. Teow is the Penang-born founder of the Mobility Beyond Imagination Group (MBI). In a Bursa Malaysia filing yesterday, SNC said its wholly-owned subsidiary,...
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: 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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