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Appellate court rules single JMB should manage mixed developments, residential and commercial properties allowed to have different rates

Appellate court rules single JMB should manage mixed developments, residential and commercial properties allowed to have different rates

news

Updated:
  • The Court of Appeal ruled that a single joint management body must oversee mixed developments in Penang.
  • It also stated that different rates can be imposed on residential and commercial properties.
  • The court declared previous resolutions for separate management as void, requiring a unified approach.
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Berjaya Property details RM1.30 bil funding breakdown for tyre manufacturing plant

Berjaya Property details RM1.30 bil funding breakdown for tyre manufacturing plant

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Updated:
  • Berjaya Property Bhd detailed its RM1.3 bil tyre manufacturing JV funding.
  • Site and land costs of RM60 mil will be borne by Alam Baiduri Sdn Bhd.
  • Equipment procurement and installation is the largest cost at RM740.64 mil.
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Talam Transform shareholders reject all 14 resolutions to block board changes

Talam Transform shareholders reject all 14 resolutions to block board changes

news

Updated:
  • Talam Transform Bhd shareholders rejected all 14 resolutions at an EGM.
  • This blocked all proposed board changes.
  • Each resolution was rejected by about 67.5% of voted shares.
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Sime Darby Property, ESR add two logistics facilities with 2.2 million sq ft in Klang

Sime Darby Property, ESR add two logistics facilities with 2.2 million sq ft in Klang

news

Updated:
  • Sime Darby Property and ESR expanded E-Metro Logistics Park, adding over 2.2 million sq ft of warehouse space.
  • Metrohub 4 is complete, and Metrohub 3 construction has begun.
  • This expansion meets high demand for modern logistics in Selangor.
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Evolving with the tide: How real estate family offices can navigate the shift from developer to institutional investor

Evolving with the tide: How real estate family offices can navigate the shift from developer to institutional investor

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Updated:
  • Malaysia's private wealth deployment landscape is undergoing a structural transformation.
  • A modern family office operates in a diversified, liquidity aware environment.
  • The evolution from property developer to sophisticated asset manager cannot be rushed.
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Selangor eyes September groundbreaking for Carey Island port, reviews potential operators

Selangor eyes September groundbreaking for Carey Island port, reviews potential operators

news

Updated:
  • Selangor is ready to break ground on the proposed third port terminal on Carey Island as early as September.
  • Regulatory approval is the final hurdle before construction can begin.
  • The state government will oversee the project and hold an equity stake.
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KL City Gateway partners Maple Hospitality to manage Sutera Suites

KL City Gateway partners Maple Hospitality to manage Sutera Suites

news

Updated:
  • KL City Gateway appointed Maple Hospitality Group for Sutera Suites management.
  • Sutera Suites is the first development within the KL City Gateway masterplan.
  • Sutera Suites offers fully furnished serviced suites in Kuala Lumpur.
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Ajinomoto Malaysia’s property pivot from urban KL to Seremban industrial

Ajinomoto Malaysia’s property pivot from urban KL to Seremban industrial

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Updated:
  • Ajinomoto (Malaysia) Bhd proposes a RM20/share privatisation after a major asset transformation.
  • The company sold its urban industrial property for RM408 mil, relocating to a modern manufacturing campus.
  • Ajinomoto's new facility sits within the Bandar Enstek Halal Hub on approximately 18.6 ha of freehold land.
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PRG Holdings seeks to wind up firm linked to largest shareholder over RM64m project dispute

PRG Holdings seeks to wind up firm linked to largest shareholder over RM64m project dispute

news

Updated:
  • PRG Holdings will wind up a company linked to its largest shareholder over alleged outstanding payments.
  • The shareholder then demanded RM21.22 mil from PRG.
  • He has given the group 21 days to settle the amount.
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Titijaya Land discloses RM2.28 mil outstanding loans at moneylending unit

Titijaya Land discloses RM2.28 mil outstanding loans at moneylending unit

news

Updated:
  • Titijaya Capital had RM2.28 mil in outstanding unsecured loans to individuals.
  • RM1.60 mil of these loans were in default, representing 70% of total net loans.
  • The largest facility had a limit of RM1.5 mil, with principal outstanding of RM1.33 mil.
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Appellate court rules single JMB should manage mixed developments, residential and commercial properties allowed to have different rates