After axing affordable housing projects, Vestland lands two new construction jobs worth RM602 mil

After axing affordable housing projects, Vestland lands two new construction jobs worth RM602 mil

news

Updated:
  • Vestland Bhd has secured two new construction contracts worth RM602 million after terminating three others.
  • The first contract involves building factories and a hostel in Selangor, while the second focuses on a 69-storey Soho and a 78-storey Sovo in Kuala Lumpur.
  • Both contracts are expected to enhance Vestland's earnings and net assets over their durations.
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Mah Sing’s fully sold M Astra gets 89% QLASSIC score

Mah Sing’s fully sold M Astra gets 89% QLASSIC score

news

Updated:
  • Mah Sing Group Bhd completed M Astra in Setapak ahead of schedule, achieving a record QLASSIC score.
  • The project, with a GDV of RM618 million, features two blocks of serviced suites and 24 retail lots.
  • Mah Sing plans to launch new projects in 2026 focusing on market demand and sustainability.
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HBA backs Hannah Yeoh’s transparency push on big projects, flags policy inconsistency over URA

HBA backs Hannah Yeoh’s transparency push on big projects, flags policy inconsistency over URA

news

Updated:
  • The National House Buyers Association Malaysia supports greater transparency in urban development.
  • They criticize the Urban Renewal Bill for undermining community rights and trust in governance.
  • HBA insists that urban renewal must prioritise legal certainty and accountability for sustainable progress.
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Hartamas Real Estate partners UCAN Technologies to deploy AI and training in real estate

Hartamas Real Estate partners UCAN Technologies to deploy AI and training in real estate

news

Updated:
  • Hartamas Real Estate has signed an MOU with UCAN Technologies to adopt AI-driven solutions.
  • The partnership aims to enhance efficiency and agent productivity through pilot projects and training.
  • Both companies will leverage technology to create smarter workflows and improve business outcomes.
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RM290m or up to RM13b? High Court to decide on Semantan Estate's mesne profit claim on May 19

RM290m or up to RM13b? High Court to decide on Semantan Estate's mesne profit claim on May 19

news

Updated:
  • The Seremban High Court will decide on May 19 regarding Semantan Estate's mesne profit claim.
  • Semantan Estate estimates its claim between RM3.1 billion and RM13.1 billion.
  • Compensation due to the government's long-term occupancy of the Duta Enclave.
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ECRL fare structure to be finalised by year-end, says Loke

ECRL fare structure to be finalised by year-end, says Loke

news

Updated:
  • The fare structure for Malaysia's East Coast Rail Link (ECRL) will be finalised by year-end.
  • Transport Minister Anthony Loke stated that Malaysia Rail Link is reviewing pricing..
  • The ECRL project, costing RM74.96 billion, is 90.81% complete and aims to reduce travel time significantly.
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Housing ministry expands use of local technology to convert food waste into fertiliser

Housing ministry expands use of local technology to convert food waste into fertiliser

news

Updated:
  • The Ministry of Housing and Local Government will use local tech to turn food waste into fertiliser.
  • This initiative aims to tackle Malaysia's food waste issue, with over 8.3 million tonnes discarded yearly.
  • It supports recycling, agriculture, and a sustainable circular economy while reducing landfill reliance.
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Binastra wins RM742.9m high-rise development job in Johor Bahru, lifting order book to record RM6.6b

Binastra wins RM742.9m high-rise development job in Johor Bahru, lifting order book to record RM6.6b

news

Updated:
  • Binastra Corporation Bhd has secured a RM742.9 million contract for a high-rise in Johor Bahru.
  • The project includes a 72-storey serviced apartment development comprising three towers.
  • This contract boosts Binastra's total new contract wins to RM4.2 billion for FY2026..
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Amid MACC probe into IJM, Sunway presses on with takeover offer

Amid MACC probe into IJM, Sunway presses on with takeover offer

news

Updated:
  • Sunway Bhd is continuing its takeover offer for IJM Corp despite a probe by the MACC.
  • The offer, worth RM11 billion, requires shareholder approval at an upcoming extraordinary general meeting.
  • Failure to secure approval could prevent Sunway from making another offer for the next 12 months.
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IJM says less than 10 bank accounts frozen by MACC, no impact on ops

IJM says less than 10 bank accounts frozen by MACC, no impact on ops

news

Updated:
  • IJM Corp Bhd stated that the freezing of some bank accounts by MACC does not affect its operations.
  • The company is cooperating with authorities amid ongoing investigations into alleged money laundering.
  • The investigation came to light just days after IJM emerged as a takeover target for Sunway Bhd.
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After axing affordable housing projects, Vestland lands two new construction jobs worth RM602 mil