Curated stories and property intelligence, delivered your way.
Curated stories and property intelligence, delivered your way. Get free newspaper
High cost derails Putrajaya's proposed trackless tram system

High cost derails Putrajaya's proposed trackless tram system

news

Updated:
  • Putrajaya Corporation has halted the Automated Rapid Transit (ART) project due to financial unviability.
  • The estimated cost of RM211.95 million exceeded PPj's budget capacity, leading to this decision.
  • PPj is exploring alternative transport solutions and partnerships to address traffic congestion in the area.
Read More
UDA appoints veteran corporate leader Ahmad Fuaad Kenali as CEO

UDA appoints veteran corporate leader Ahmad Fuaad Kenali as CEO

news

Updated:
  • UDA Holdings Bhd has appointed Datuk Ahmad Fuaad Mohd Kenali as CEO, effective April 1.
  • He brings over 30 years of experience in various sectors and aims to strengthen UDA's foundations.
  • Ahmad Fuaad is committed to driving growth and transformation with the support of the board and employees.
Read More
IJM secures RM658 mil data centre contract in Elmina Business Park

IJM secures RM658 mil data centre contract in Elmina Business Park

news

Updated:
  • IJM Corp Bhd has secured a RM658.01 million contract for a hyperscale data centre in Selangor.
  • Construction is set to begin in 2Q2026, with completion targeted for 3Q2027.
  • This is IJM's second contract in the Elmina Business Park, bringing the total project value to over RM1.9 bil.
Read More
Apex court quashes NGO bid to challenge Bukit Cherakah’s degazettement in split 2-1 decision

Apex court quashes NGO bid to challenge Bukit Cherakah’s degazettement in split 2-1 decision

news

Updated:
  • Federal Court rejected a judicial review by NGOs challenging the Selangor govt's removal of forest protection.
  • In a 2-1 decision, the court ruled against the NGOs' claims that the backdated degazettement was illegal.
  • The ruling impacts a contentious road project and highlights procedural concerns raised by the NGOs.
Read More
Semantan Estate’s discovery application dismissed, hearing for compensation also deferred

Semantan Estate’s discovery application dismissed, hearing for compensation also deferred

news

Updated:
  • The High Court dismissed Semantan Estate's discovery applications for documents related to land compensation.
  • Judge Roslan noted the government conducted thorough searches but found limited results.
  • The court rescheduled the assessment of damages to April 10, as both parties need time to exchange reports.
Read More
Former KL Tower operator passes first hurdle in court to challenge last year's eviction notice

Former KL Tower operator passes first hurdle in court to challenge last year's eviction notice

news

Updated:
  • Menara Kuala Lumpur Sdn Bhd and Hydroshoppe Sdn Bhd will challenge eviction notices in court.
  • The High Court allowed their judicial review against the Federal Lands Commissioner and the government.
  • The case involves allegations of contractual breaches related to the KL Tower concession award.
Read More
Kenanga starts covering Al-Aqar Healthcare REIT for its recession-resistant portfolio

Kenanga starts covering Al-Aqar Healthcare REIT for its recession-resistant portfolio

news

Updated:
  • Kenanga Investment Bank has rated Al-Aqar Healthcare REIT as 'outperform' due to its stable cash flows.
  • The REIT's portfolio is growing, with a target asset size of RM2.5 bil by 2028, bolstered by long-term leases.
  • However, risks include tenant concentration, as KPJ Healthcare is the main tenant for 90% of the portfolio.
Read More
BHIC to dispose of Penang shipyard land for RM28 mil, expects RM14.4 mil gain

BHIC to dispose of Penang shipyard land for RM28 mil, expects RM14.4 mil gain

news

Updated:
  • Boustead Heavy Industries Corp Bhd is selling three land parcels in Penang for RM28 million.
  • The sale aims to unlock value and generate cash flow, with an expected gain of RM14.39 million.
  • Proceeds will fund working capital, including settling payables and maintaining facilities.
Read More
NCT Alliance expands NCT Smart Industrial Park with RM53 mil land subscription

NCT Alliance expands NCT Smart Industrial Park with RM53 mil land subscription

news

Updated:
  • NCT Alliance Bhd is expanding its NCT Smart Industrial Park with a RM53 million land acquisition.
  • The deal will give NCT World a 99.8% stake in Semanja Murni Sdn Bhd, enhancing their industrial ecosystem.
  • The expansion is expected to have a gross development value of RM1.5 billion.
Read More
Ikano Centres to launch new dining hubs at IPC and Toppen, targeting December 2026 opening

Ikano Centres to launch new dining hubs at IPC and Toppen, targeting December 2026 opening

news

Updated:
  • Ikano Centres will launch two new dining concepts, IPC Gourmet Hall and Toppen Foodland, in December.
  • These spaces aim to enhance customer engagement and footfall within their IKEA-anchored malls.
  • Initiatives reflect a strategy to create vibrant social hubs, supporting longer visits and repeat customers.
Read More
Bites