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SC Estate Builder to buy 25% stake in non-operational hotel for RM18.79m from chairman’s mother

SC Estate Builder to buy 25% stake in non-operational hotel for RM18.79m from chairman’s mother

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Updated:
  • SC Estate Builder Bhd has agreed to acquire a 25% stake in a non-operational hotel for RM18.79 million.
  • The transaction is deemed a related-party transaction.
  • The acquisition aims to repurpose the hotel for office use and generate rental income, pending necessary approvals.
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SVTP plants the flag for Perak’s high-tech industrial ambition

SVTP plants the flag for Perak’s high-tech industrial ambition

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Updated:
  • The Silver Valley Technology Park (SVTP) is a 2,700-acre high-tech industrial hub in Perak, Malaysia.
  • It aims to attract RM14 bil in investments and create 13,000 jobs by 2034.
  • SVTP focuses on advanced manufacturing, AI, and digital industries, with strong investor support.
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Aged strata malls face uphill battle to upgrade

Aged strata malls face uphill battle to upgrade

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Updated:
  • Kuala Lumpur's older malls struggle to upgrade due to complex strata ownership.
  • This model creates hurdles in decision-making and funding for necessary renovations.
  • Legislative reforms are needed to address these unique challenges for commercial properties.
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Bandar Rimbayu moves from mass market to million-ringgit homes

Bandar Rimbayu moves from mass market to million-ringgit homes

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Updated:
  • Bandar Rimbayu offers modern township living with green spaces and landed homes.
  • It attracts families seeking larger properties outside the city.
  • The township is evolving with higher-priced homes and expanding commercial areas.
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Building Managers Act? Don't create new board when existing one can be strengthened

Building Managers Act? Don't create new board when existing one can be strengthened

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Updated:
  • The HBA questions a new Building Managers Act, fearing it duplicates existing laws.
  • It suggests strengthening current regulations and enforcement instead of creating new ones.
  • The focus should be on improving accountability and standards for property owners.
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KIP REIT plans upgrades at three malls

KIP REIT plans upgrades at three malls

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Updated:
  • KIP REIT plans asset enhancements for three malls to boost efficiency and rental growth.
  • They are also acquiring Setapak Central Mall for RM435 mil, its largest acquisition yet.
  • This will increase their assets under management to RM2.2 bil, exceeding their 2027 target.
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EcoWorld wins Singapore site tender with S$208.1m bid

EcoWorld wins Singapore site tender with S$208.1m bid

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Updated:
  • EcoWorld won a tender for a Singapore residential site for S$208.099 mil.
  • This marks its debut as a property developer in Singapore.
  • The site is near an MRT station and amenities, targeting affluent families.
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Sunway Healthcare breaks ground on RM800m Iskandar Puteri hospital

Sunway Healthcare breaks ground on RM800m Iskandar Puteri hospital

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Updated:
  • Sunway Healthcare Group broke ground on its first southern Malaysia hospital.
  • The RM800 mil facility in Johor targets 400+ beds by 2030.
  • It will offer diverse specialist services to local and international patients.
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Sime Darby Property, Kolaxus target over 1,000 students for sustainability hackathon

Sime Darby Property, Kolaxus target over 1,000 students for sustainability hackathon

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Updated:
  • Sime Darby Property is hosting a hackathon for university students.
  • It focuses on sustainable and livable township solutions.
  • Winners can earn prizes and internships!
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Lagenda Properties raises RM475m in first sukuk issuance

Lagenda Properties raises RM475m in first sukuk issuance

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Updated:
  • Lagenda Capital Bhd issued RM475 mil in sukuk under a RM1.5 bil programme.
  • Proceeds will fund affordable housing acquisitions and working capital.
  • The issuance is unrated, unlisted, and guaranteed by Lagenda Properties.
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