KUALA LUMPUR: Sunway Construction Group Bhd (SunCon) has secured a RM720.99 million contract for a shopping mall project located in Kinta, Perak. The contract was awarded to Sunway Construction Sdn Bhd (SCSB), a wholly-owned subsidiary of SunCon, by Sunway Bhd’s indirect subsidiary, Sunway Lost World Water Park Sdn Bhd, according to a stock exchange filing...
Read moreKUALA 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...
Read morePETALING JAYA: Capitaland Malaysia Trust(CLMT) has entered into a conditional sale and purchase agreement with Nusajaya Tech Park Sdn Bhd for the acquisition of two properties in Iskandar Puteri, Johor, for RM27mil. In a filing with Bursa Malaysia, CLMT said the first property consists of two semi-detached factories with a mezzanine office and guard posts. The...
Read moreKUALA LUMPUR: The manager of Sunway Real Estate Investment Trust (SunREIT) has announced that it has acquired 163 Retail Park in Mont Kiara, Kuala Lumpur, for RM215mil. In a statement, Sunway REIT Management Sdn Bhd said the REIT trustee had signed a conditional sale and purchase agreement with D’Kiara Place Sdn Bhd, a wholly-owned subsidiary of YNH Property...
Read morePETALING JAYA: Investments into the commercial real estate market are expected to drive its resurgence moving further into 2024, according to research houses and industry players. Knight Frank Malaysia (Knight Frank) believes that funding will further intensify in the retail, healthcare and educational sub-sectors, with growing interest also observed in alternative investments, particularly into serviced...
Read morePETALING 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...
Read moreKUALA 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...
Read moreKUALA 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,...
Read moreThis article first appeared in The Edge Malaysia Weekly on December 11, 2023 – December 17, 2023 IOI Properties Bhd signed a sale and purchase agreement last week to buy W Kuala Lumpur from Tropicana Corp Bhd for RM270 million. However, the two companies have yet to end talks as two more assets have been...
Read moreKUALA LUMPUR (Dec 15): SkyWorld Development Bhd is collaborating with Universiti Malaya (UM) through a memorandum of agreement (MOA) to develop an Application Programming Interface (API) that will revolutionise the data integration ecosystem within the property development sector, according to a press statement issued on Thursday (Dec 14). The MOA outlines a two-year (1Q2024 until 4Q2025) collaboration...
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