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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HBA welcomes retraction of Urban Redevelopment Bill

HBA welcomes retraction of Urban Redevelopment Bill

news

Updated:
  • The National House Buyers Association (HBA) praised the Cabinet for retracting the Urban Redevelopment Bill.
  • HBA emphasised the need for genuine reform and public trust in future legislation.
  • HBA supports urban renewal but insists homeowners must be treated as stakeholders.
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Cabinet scraps Urban Renewal Bill for improvements—Fahmi

Cabinet scraps Urban Renewal Bill for improvements—Fahmi

news

Updated:
  • The Cabinet has retracted the Urban Renewal Bill for improvements, as stated by Minister Fahmi Fadzil.
  • Concerns from MPs and Umno will be addressed in a new draft, which may take time to finalise.
  • The bill faced criticism over consent thresholds that opponents claimed could undermine homeowners' rights.
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Berjaya Hartanah’s OAKA Residences reaches structural completion with a topping-out ceremony

Berjaya Hartanah’s OAKA Residences reaches structural completion with a topping-out ceremony

news

Updated:
  • Berjaya Hartanah Bhd has topped out its OAKA Residences in Bukit Jalil, valued at RM373 million.
  • The development features two 30-storey towers with 350 units and various lifestyle amenities.
  • Key stakeholders attended the ceremony, highlighting strong market demand and confidence in the project.
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Phase four rental aid extended for 67 Putra Heights gas fire households

Phase four rental aid extended for 67 Putra Heights gas fire households

news

Updated:
  • Phase four of rental assistance will support 67 households affected by the Putra Heights gas pipeline fire.
  • The Selangor State Executive Council approved this extension after recent assessments revealed ongoing issues.
  • The government will not continue assistance for homes deemed safe and completed.
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Inactive malls close, overall occupancy edges up—Henry Butcher

Inactive malls close, overall occupancy edges up—Henry Butcher

news

Updated:
  • Malaysia's retail sector saw a slight decline in mall space in 2025 due to closures and refurbishments.
  • Klang Valley malls averaged 83.7% occupancy, while Penang's rate was 70.8%.
  • The government aims for 47 million tourist arrivals during VMY2026 through initiatives like visa-free entry.
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Mulpha International invests US$20m in Sun Hung Kai bonds, expects 9.2% effective yield

Mulpha International invests US$20m in Sun Hung Kai bonds, expects 9.2% effective yield

news

Updated:
  • Mulpha International Bhd has subscribed to US$20 million in bonds from Sun Hung Kai & Co (BVI) Ltd.
  • The bonds carry a 6.75% annual coupon and are part of a strategy to optimise cash returns.
  • This investment is expected to generate positive cash flows and mature on January 22, 2029.
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BWYS to sell Bukit Changgang land for RM67m, acquire Tanjong Duabelas site for RM94.5m

BWYS to sell Bukit Changgang land for RM67m, acquire Tanjong Duabelas site for RM94.5m

news

Updated:
  • BWYS Group Bhd will sell its Bukit Changgang land for RM67m and buy land in Tanjong Duabelas for RM94.5m.
  • This transaction aims to enhance financial stability and support future growth by reallocating resources.
  • The group’s managing director emphasied a disciplined approach to asset management and long-term planning.
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MACC chief confirms working with UK authorities in IJM probe

MACC chief confirms working with UK authorities in IJM probe

news

Updated:
  • The MACC is investigating allegations of a RM2.5 billion money laundering scheme involving IJM Corporation.
  • Cooperation with the UK's Serious Fraud Office has been established, but no new information has emerged yet.
  • The MACC emphasises the need for ongoing efforts to combat corruption and improve governance in Malaysia.
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Redevelopment of Penang Waterfront needs close coordination with all parties, says Loke

Redevelopment of Penang Waterfront needs close coordination with all parties, says Loke

news

Updated:
  • The Penang waterfront redevelopment plan needs coordination among stakeholders, including heritage management.
  • Transport Minister Anthony Loke emphasised the importance of public spaces and heritage preservation.
  • The project aims to create a pedestrian-friendly area with cafes and tourism facilities.
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RM290m or up to RM13b? High Court to decide on Semantan Estate's mesne profit claim on May 19