KUALA LUMPUR (Sept 15): UEM Sunrise Bhd, which is selling a 4.01-acre plot in Kiara Bay here to Melati Ehsan Holdings Bhd in a related-party-transaction (RPT), said the deal enables the group to monetise the land at its current market value while allowing it to retain control over the land’s development via a development rights agreement (DRA)...
Read moreKAJANG (Sept 14): Malaysia’s residential property overhang recorded an improvement, with a total of 28,286 overhang units worth RM18.3 billion recorded in the first half of 2023 (1H2023), down by 5.3% in volume and 0.6% in value against the same period last year. Of the 28,286 units, Johor continued to have the highest number with 4,717 units,...
Read moreKUALA LUMPUR (Sept 13): HHRG Bhd — formerly known as Heng Huat Resources Group Bhd — has entered into an agreement with several shareholders of Kulim Property Sdn Bhd (KPSB) to acquire KPSB’s entire equity of 1.18 million shares for RM4.5 million. According to the company’s bourse filing, the acquisition was valued at RM4.5 million...
Read moreKUALA LUMPUR (Sept 12): Property developer Crescendo Corp Bhd (CCB) is buying two plots of freehold vacant land in Johor Bahru for RM72 million cash, tapping the “good development potential” there. In a filing with Bursa Malaysia, the group said its wholly-owned subsidiary Crescendo Landmark Sdn Bhd has entered into sale and purchase agreements (SPAs) with Bewell...
Read moreKUALA LUMPUR: Sleeping Lion Suites, the crown jewel of Aset Kayamas’ hospitality portfolio, has officially opened its doors in Kuala Lumpur’s bustling Bukit Bintang district. The three-star hotel has 866 guest rooms and 10 different accommodation types to choose from, ranging from superior rooms for solo travellers and couples to premier family suites with multiple...
Read moreSunway Berhad, through its wholly-owned subsidiary Sunway Developments Pte Ltd, with Hoi Hup Realty, has won a competitive bid for an Executive Condominium site at Tengah Plantation Close in Tengah New Town with a bid of SGD 348.5 million (approximately RM 1.2 billion) on September 11. The site is a 99-year leasehold plot of land spanning...
Read moreHektar REIT has entered into a conditional sale and purchase agreement with KYS College Sdn Bhd for the proposed acquisition of a single, 1 ½, 2 and 3-storey buildings including administration, academic, residential, and student facilities in Ayer Keroh Melaka at the purchase consideration of RM150 million. As part of the deal, KYS will lease...
Read moreUEM Sunrise Berhad (UEM Sunrise) will unveil that the second phase of Kiara Bay, a multi-generational themed residence designed to co-exist with its natural surroundings, called Residensi ZIG, which will launch on Sept 16. Located in UEM Sunrise’s flagship township of Kiara Bay, Kepong, the 1.38-hectare (3.4-acre) leasehold residence has a total of 1,126 units...
Read moreKUALA LUMPUR (Sept 11): At least five cities are targeted to be recognised as smart city early adopters by 2025 during the remaining 12th Malaysia Plan (12MP) period. According to the 12MP’s Mid-Term Review (MTR) released by the Ministry of Economy on Monday, measures would be undertaken to accelerate the recognition of smart cities, based...
Read morePETALING JAYA: SkyWorld Development Bhd is seeking to develop a 24-storey residential apartment in Vietnam, marking its first overseas venture, to ride on the urbanisation in Vietnam. Yesterday, the property developer’s wholly-owned subsidiary SkyWorld Development (Vietnam) Co Ltd (SkyWorld Vietnam) proposed to acquire 1.3 acres of land in Ho Chi Minh City for RM67.9mil cash...
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