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CapitaLand buys industrial properties

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...

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Awantec selling Cyberjaya office building for RM25m

KUALA LUMPUR (Jan 31): AwanBiru Technology Bhd is disposing of an eight-storey office and retail building in Cyberjaya to tenant Puncak Hartanah Intelek Sdn Bhd for RM25 million. Awantec’s wholly owned unit Awantec Systems Sdn Bhd inked various sale and purchase agreements with Puncak Hartanah Intelek for the property sale, according to the cloud-based service provider’s bourse...

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Citaglobal to buy 1.6-acre land in KL for RM73 mil

KUALA LUMPUR (Jan 31): Citaglobal Bhd signed a deal on Friday to buy a 1.58-acre land at Jalan Tun Razak from Bank Islam Malaysia Bhd, for RM73 million. The energy and construction outfit said it sees the purchase as a strategic opportunity for long-term value creation and growth, citing the increasing scarcity of sizeable and well-positioned commercial...

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MRCB forms JV with Melaka Corp for RM520m hospital project

KUALA 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’...

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Scientex buys Melaka land from Genting Plantations for RM333 mil cash

KUALA 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...

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JS-SEZ game changer for Malaysia, Singapore

PETALING 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...

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Fajarbaru, Penang Development Corporation ink master agreement for phase 1 of Medi-City in Batu Kawan

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...

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Sunway boosts investment in Johor to leverage JS-SEZ growth

KUALA 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...

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E&O to build RM700mil property

GEORGE 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...

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OSK Property buys more land in Sungai Petani

KUALA 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...

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