PETALING JAYA: Capitaland Malaysia Trust (CLMT) is acquiring three freehold industrial properties in Senai Airport City, Johor, from Rainbow Entity Sdn Bhd for RM72mil. The properties consist of three single-storey detached factories, each with an annexed two-storey office block. In a statement, CLMT said the purchase price is slightly below the independent valuation of RM72.5mil by Nawawi...
Read moreKUALA 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: 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 (Jan 10): OSK Property Holdings Bhd, the property arm of OSK Holdings Bhd (KL:OSK), is expanding its land bank with the acquisition of four parcels of freehold land measuring 26.33 hectares in Sungai Petani, Kedah, for RM14.17 million. The acquisition will be funded by internal funds and bank borrowings, it said in a...
Read moreKUALA LUMPUR: Sime Darby Property Bhd has acquired two modern double-storey logistics warehouses in Bandar Bukit Raja, Selangor, for RM232mil. In a statement, the property developer said it had acquired the assets from Sime Darby Property MIT Development Sdn Bhd (SDPMIT), a 50:50 joint venture (JV) between Sime Darby Property and a Japanese JV comprising MBK Real...
Read moreSHAH ALAM: Sime Darby Property Bhd’s second fully-owned mall, the Elmina Lakeside Mall (ELM), has achieved a 99% occupancy rate to date. Sharing the malls’ success, group managing director and chief executive officer Datuk Seri Azmir Merican shared that “ELM has exceeded our expectations from the outset, achieving an impressive 99% occupancy rate and attracting significant...
Read moreKUALA LUMPUR (Jan 6): Prices of double-storey residential houses in the Klang Valley, especially in Kuala Lumpur (KL) and Petaling Jaya (PJ), are expected to increase by 3% to 4% this year. In making the projection, popular property influencer and YouTuber Sean Tan said this is particularly true in high-demand areas such as Desa ParkCity, Bangsar, and Mont’Kiara in Kuala Lumpu. He said that...
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