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Court rules 2019 Sarawak strata law not retrospective, clears The Wharf developer of pre-2022 maintenance charges

Court rules 2019 Sarawak strata law not retrospective, clears The Wharf developer of pre-2022 maintenance charges

news

Updated:
  • Judge Datuk Dean Wayne Daly ruled that The Wharf's joint management body lacks legal standing to sue.
  • The Sarawak Strata Management Ordinance 2019 cannot be applied retrospectively.
  • The Wharf JMB must pay RM5,000 in costs after seeking RM2.4 million in maintenance charges from Unique Harvests.
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Kimpton Kota Kinabalu to open in 2031

Kimpton Kota Kinabalu to open in 2031

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Updated:
  • IHG Hotels & Resorts has signed a management agreement for Kimpton Kota Kinabalu, set to open in 2031.
  • This 350-key beachfront hotel will celebrate local Sabah culture and offer stunning views.
  • It will be the first luxury lifestyle hotel at Tanjung Aru Beach.
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MGB wins RM35m contract to build residential villas in Saudi Arabia

MGB wins RM35m contract to build residential villas in Saudi Arabia

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Updated:
  • MGB Bhd has secured a RM34.76 million contract to build villas in Jeddah, Saudi Arabia.
  • The contract involves constructing 75 units for the Roshn Group's Marafy Al-Arous project.
  • This deal is expected to enhance MGB's earnings and expand its presence in the region.
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ECM Libra completes disposal of Tune Hotel George Town Penang for RM51.89 mil

ECM Libra completes disposal of Tune Hotel George Town Penang for RM51.89 mil

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Updated:
  • ECM Libra Group Bhd has sold Tune Hotel George Town Penang for RM51,888,000 to Wealthpro Holdings.
  • The transaction includes two land parcels and a hotel with 258 rooms, yielding a gross gain of RM29 million.
  • Proceeds will fund new projects, repay borrowings, and support working capital needs.
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Abdul Wahid Omar joins Sunway board as non-executive director

Abdul Wahid Omar joins Sunway board as non-executive director

news

Updated:
  • Tan Sri Abdul Wahid Omar has joined Sunway Bhd's board as a non-executive director.
  • His appointment follows Sunway's unsuccessful takeover bid for IJM Corp.
  • Sunway's shares rose by 1.53% to RM5.30, valuing the company at RM36.07 billion.
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DutaLand and Olympia Industries move to unwind 23-year Sri Hartamas consortium, unlocking RM1.92 bil landbank

DutaLand and Olympia Industries move to unwind 23-year Sri Hartamas consortium, unlocking RM1.92 bil landbank

news

Updated:
  • DutaLand Bhd and Olympia Industries Bhd are terminating a 23-year consortium over land in Kuala Lumpur.
  • Agreed value for the termination is RM1,917.0 mil, with both companies citing differing business directions.
  • Post-termination, they will retain rights of way and must comply with a master development plan.
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Tuju Setia bags RM359 mil Sime Darby Property contract for Ara Damansara residences

Tuju Setia bags RM359 mil Sime Darby Property contract for Ara Damansara residences

news

Updated:
  • Tuju Setia Bhd has secured a RM359.28 million contract from Sime Darby Property Bhd.
  • The project involves constructing three 17-storey apartment blocks on a nine-storey podium in Ara Damansara.
  • The contract is set to last 40 months, starting April 21, 2026, and is not a related party transaction.
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Generasi Baru heads to Setia Bayuemas @ Klang this Saturday — register for treats, gifts

Generasi Baru heads to Setia Bayuemas @ Klang this Saturday — register for treats, gifts

news

Updated:
  • S P Setia Bhd is hosting the second session of its Generasi Baru campaign on April 18 in Klang.
  • Event will feature market insights, wellness activities, and opportunities to engage with industry experts.
  • Attendees can enjoy treats, win prizes, and learn about property decisions in a modern context!
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IJM Land unveils RM6.8 mil recreational precinct in S2 Heights Aman

IJM Land unveils RM6.8 mil recreational precinct in S2 Heights Aman

news

Updated:
  • IJM Land Bhd has invested RM6.8 million in a new recreational area at S2 Heights Aman in Seremban 2.
  • The development includes S2 Lake Park, Kidz Venture Park, and a unique light installation along a 50m walkway.
  • This initiative aims to enhance community living and the quality of life in the township.
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CIDB, DOSM assess impact of rising building costs amid West Asia conflict

CIDB, DOSM assess impact of rising building costs amid West Asia conflict

news

Updated:
  • The CIDB is working with DOSM to evaluate the impact of rising building material costs on construction.
  • Ahmad noted that diesel price hikes significantly affect road projects more than building projects.
  • He emphasised the need for detailed assessments and warned against repeated project extensions.
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Court rules 2019 Sarawak strata law not retrospective, clears The Wharf developer of pre-2022 maintenance charges