Bestari Perdana ramp to boost Meridin East growth, backs Mah Sing’s Johor strategy

Bestari Perdana ramp to boost Meridin East growth, backs Mah Sing’s Johor strategy

news

Updated:
  • Mah Sing Group has opened a new ramp and toll plaza to Bestari Perdana on the Senai-Desaru Expressway.
  • This RM70 million project enhances connectivity for the 1,313-acre Meridin East township.
  • The ramp will benefit over half a million residents and supports Johor's long-term growth strategy.
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YNH Property defers perpetual bond coupon payments to conserve cash

YNH Property defers perpetual bond coupon payments to conserve cash

news

Updated:
  • YNH Property Bhd has deferred upcoming coupon payments to conserve cash and strengthen liquidity.
  • The deferral affects two tranches of perpetual securities, with cumulative unpaid amounts due later.
  • This decision aims to support ongoing projects and maintain operational stability.
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Media reports claiming Malaysia handed over 5,207ha of land to Indonesia inaccurate, says natural resources minister

Media reports claiming Malaysia handed over 5,207ha of land to Indonesia inaccurate, says natural resources minister

news

Updated:
  • The Ministry of Natural Resources denies reports of Malaysia giving 5,207 hectares to Indonesia.
  • Minister Arthur Kurup clarified that the land boundary settlement was based on international law.
  • Ongoing negotiations aim to resolve disputes amicably while ensuring Malaysia's sovereignty is recognised.
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Housing ministry to continue engagement to improve Urban Renewal Bill—Nga

Housing ministry to continue engagement to improve Urban Renewal Bill—Nga

news

Updated:
  • The Housing and Local Government Ministry will enhance the Urban Renewal Bill through engagement sessions.
  • Minister Nga Kor Ming emphasised the importance of considering feedback from various stakeholders.
  • The improved Bill aims to elevate urban living standards and protect original owners' rights.
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GuocoLand MD Noorbaizura resigns, COO Raymond Chin takes over day-to-day duties

GuocoLand MD Noorbaizura resigns, COO Raymond Chin takes over day-to-day duties

news

Updated:
  • GuocoLand (Malaysia) Bhd's managing director Noorbaizura Hermeyney resigned on Jan 24.
  • Raymond Chin Yun Choi will take over her responsibilities as COO.
  • The company reported a net profit of RM6.1 million for 1QFY2026, driven by strong property, hotel performance.
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Sentral REIT posts lower 4Q NPI on higher costs, declares DPU of 2.99 sen

Sentral REIT posts lower 4Q NPI on higher costs, declares DPU of 2.99 sen

news

Updated:
  • Sentral REIT reported a 3.4% decline in net property income for 4QFY2025, totaling RM35.5 million.
  • Revenue also fell by 1.8% to RM47.4 million, impacted by higher operating expenses and lease accounting.
  • The trust declared a final distribution per unit of 2.99 sen, with a stable occupancy rate of 86%.
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Umno hails withdrawal of Urban Renewal Bill tabling, calls for improvements

Umno hails withdrawal of Urban Renewal Bill tabling, calls for improvements

news

Updated:
  • Umno supports the Cabinet's decision to withdraw the Urban Renewal Bill for improvements.
  • The party insists that the Bill should be refined based on recommendations from its Special Committee.
  • They emphasise that it should only be re-tabled in Parliament after all proposed changes are considered.
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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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Bestari Perdana ramp to boost Meridin East growth, backs Mah Sing’s Johor strategy