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IWC Unveils RM4.3 Billion Master Development Plan for the Next Decade

KUALA 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...

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Penang offers Byram land for JV project via open tender

GEORGE 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...

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SNC inks RM1.8bil property deal with businessman Tedy Teow

PETALING 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,...

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Sunway and Hoi Hup awarded 2ha land in Singapore for S$423mil housing development

KUALA 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...

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Titijaya buys 97 medium cost flats from Bank Negara for RM44.5mil

PETALING 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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Sunway REIT acquires industrial property in Penang for RM66.8m

KUALA LUMPUR (Dec 19): Sunway Real Estate Investment Trust’s (Sunway REIT) trustee RHB Trustees Bhd has inked a conditional sale and purchase agreement with Best Corridor Venture Sdn Bhd to acquire an industrial property in Prai, Penang, for RM66.8 million. In a statement, Sunway REIT said the property is located on land spanning 4.21 hectares with...

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Majuperak to sell land to state agriculture agency as part of business regularisation plan

KUALA LUMPUR (Dec 19): Majuperak Holdings Bhd is disposing of  2.01 acres of land in Ipoh to a wholly-owned unit of the Perak State Agriculture Development Corporation (PPPNP) for RM18.4 million as part of its business regularization plan. Majuperak, a 51.41%-owned subsidiary of the Perak State Development Corp, said its wholly-owned subsidiary, Syarikat Majuperak Bhd,...

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