Global Oriental sells retail units in Pavilion Embassy for RM35 mil

Global Oriental sells retail units in Pavilion Embassy for RM35 mil

news

Updated:
  • Global Oriental Bhd is selling 18 retail units in Pavilion Embassy for RM35 million to reduce debt.
  • The sale will yield a net gain of RM7.4 million and is expected to close within three months.
  • The proceeds will help pay off trade payables and fund working capital needs.
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URA’s 30-year ‘trigger point’ to invoke redevelopment based on myth

URA’s 30-year ‘trigger point’ to invoke redevelopment based on myth

indepth

Updated:
  • The proposal to use a 30-year building age for redevelopment under the URA Bill is unsound.
  • Many buildings can last well beyond 30 years with proper maintenance, making age an unreliable indicator.
  • This approach risks unnecessary demolitions and financial burdens on homeowners without clear evidence of structural safety concerns.
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AFFIN Bank launches home loans up to 120% to cover renovations

AFFIN Bank launches home loans up to 120% to cover renovations

news

Updated:
  • AFFIN Bank has launched AFFIN Home Reno/-i, a home renovation financing solution.
  • This initiative offers up to 120% financing and flexible tenures of up to 35 years.
  • The event also introduced AFFIN Flexi Save/-i and the ATMOZFR app, enhancing customer experience and services.
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Rehda Institute CEO Series 2026: Big developers working to set real estate as institutional-grade asset class

Rehda Institute CEO Series 2026: Big developers working to set real estate as institutional-grade asset class

news

Updated:
  • Malaysian firms are re-evaluating real estate strategies to ensure stable, long-term returns.
  • In Australia, housing demand significantly exceeds supply, leading to strong rental growth and institutional interest.
  • The UK faces similar challenges as private landlords exit the market, creating opportunities for institutional investors in multifamily housing.
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JS-SEZ development will not affect electricity or water supply, says Johor MB

JS-SEZ development will not affect electricity or water supply, says Johor MB

news

Updated:
  • The Johor State Government prioritizes residents' basic needs, ensuring electricity and water supply.
  • Investments in the Johor-Singapore Special Economic Zone will undergo rigorous assessments to protect public utilities.
  • Upcoming projects aim to enhance water capacity and maintain stable supplies, supporting growth until 2035.
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Rehda Institute CEO Series 2026: Wellness properties must be commercially viable to attract investors

Rehda Institute CEO Series 2026: Wellness properties must be commercially viable to attract investors

news

Updated:
  • Wellness property developments need careful planning for financial success and returns.
  • Eco wellness projects often fail due to a lack of focus on costs and practicalities.
  • Trust in wellness services is crucial for long-term success and investor confidence.
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HLIB sees robust construction job flows this year

HLIB sees robust construction job flows this year

news

Updated:
  • The construction sector is set for strong job flows in 2026, driven by infrastructure and data centre projects.
  • HLIB highlights that hyperscale data centres and water projects will boost order books significantly.
  • The Penang Light Rail Transit and Johor-Singapore Economic Zone will also contribute to job growth, while MRT3 may see delays in awards.
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Vestland terminates three Selangor affordable housing contracts worth RM550.7m

Vestland terminates three Selangor affordable housing contracts worth RM550.7m

news

Updated:
  • Vestland Bhd will not proceed with three affordable housing projects in Selangor worth RM550.69 million.
  • The contracts for the Selangor Cyber Valley and Sierra Alam projects were mutually terminated.
  • This decision is not expected to have a material impact on Vestland's earnings or net assets.
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SkyGate to buy Penang property company for RM75.9m in related-party deal

SkyGate to buy Penang property company for RM75.9m in related-party deal

news

Updated:
  • SkyGate Solutions Bhd is acquiring Dahlia Cemerlang Sdn Bhd for RM75.9 million in cash and shares.
  • The deal includes an 8.15-acre industrial property in Penang, generating RM5.3 million in annual rental income.
  • SkyGate aims to strengthen its investment portfolio and will seek approval from non-interested shareholders for the acquisition.
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Berjaya Land proposes name change to Berjaya Property

Berjaya Land proposes name change to Berjaya Property

news

Updated:
  • Berjaya Land Bhd plans to change its name to Berjaya Property Bhd, pending shareholder approval.
  • The company reported a net profit of RM5.53 million for Q1 FY2026, up from RM2.77 million last year.
  • Revenue increased by 7% to RM1.88 billion.
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