GEORGE 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: 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...
Read moreKUCHING: Sarawak Oil Palms Bhd (SOP) is acquiring a property in Pending Industrial Estate here for RM5 million in cash. Wholly-owned subsidiary SOP Research Services Sdn Bhd (formerly known as SOP Agro Sdn Bhd) has entered into a sale and purchase agreement (SPA) with Pelangi Bumimas Sdn Bhd (the vendor) to acquire a parcel of land...
Read moreKUALA LUMPUR (Dec 30): 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...
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...
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