KIP REIT to fund RM160 mil Kinta City Mall expansion, securing 25-year lease with AEON

KIP REIT to fund RM160 mil Kinta City Mall expansion, securing 25-year lease with AEON

news

Updated:
  • KIP Real Estate Investment Trust will invest RM160 million to expand AEON Mall Kinta City.
  • The expansion will increase leasable space by 27% and secure a 25-year lease extension with AEON.
  • This project aims for an 8% yield, boosting KIP REIT's annual rental income to RM12.8 million.
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UDA hands over UDA Heights in Johor

UDA hands over UDA Heights in Johor

news

Updated:
  • UDA Holdings Bhd has delivered keys to over 70 buyers of UDA Heights in Johor, ahead of schedule.
  • The project features bungalows and semi-detached houses, with prices starting at RM1.7 million.
  • UDA plans to launch three new projects in Bandar UDA Utama this year, focusing on quality and affordability.
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Paramount's FY2025 net profit up 16% to RM118.82 mil

Paramount's FY2025 net profit up 16% to RM118.82 mil

news

Updated:
  • Paramount Corporation Bhd reported a net profit of RM118.82 million for FY2025, up 16%.
  • Revenue fell 9% to RM946.87 million, mainly due to declines in property and investment segments.
  • The company expects a positive outlook for FY2026, with unbilled sales of RM1.5 billion.
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Berjaya Land to be renamed Berjaya Property

Berjaya Land to be renamed Berjaya Property

news

Updated:
  • Berjaya Land Bhd will be renamed Berjaya Property Bhd after shareholder approval.
  • The change reflects the company's focus on property and its strategic evolution in various sectors.
  • “The rebranding to Berjaya Property Bhd enhances the group’s corporate identity."
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Wawasan Dengkil bags RM24.8 mil road and landscape job from Gamuda unit

Wawasan Dengkil bags RM24.8 mil road and landscape job from Gamuda unit

news

Updated:
  • Wawasan Dengkil Holdings Bhd secured a RM24.8 million subcontract for a data centre in Selangor.
  • The work includes road and landscape construction, starting May 15, 2026.
  • This project is expected to enhance the company's financial metrics during its duration.
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Gamuda Land reaffirms Malaysia focus, highlights 'Money Mari Home' initiative

Gamuda Land reaffirms Malaysia focus, highlights 'Money Mari Home' initiative

news

Updated:
  • Gamuda Land emphasises Malaysia as its core market while expanding regionally.
  • The 'Money Mari Home' initiative aims to support first-time buyers with financial assistance.
  • A recent appreciation dinner celebrated partnerships that enhance homeownership and community development.
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Tropicana Foundation and VitaHealth deliver CNY cheer to two elderly homes

Tropicana Foundation and VitaHealth deliver CNY cheer to two elderly homes

news

Updated:
  • Tropicana Corp's Tropicana Foundation partnered with VitaHealth to support two elderly care homes for CNY.
  • The two homes were Yi Xing USJ Old Folks Home and Rumah Charis Home for the Aged
  • The initiative emphasises community engagement and aligns with the foundation's broader ESG goals.
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MBSB IB sees marginal property sector growth in 2026

MBSB IB sees marginal property sector growth in 2026

news

Updated:
  • Malaysia's property sector is set for marginal growth in 2025, driven by steady demand.
  • Loan applications for property purchases rose 6.9% y-o-y in December 2025, despite a 9% drop from November.
  • Investors are becoming more selective in property stocks, focusing on key sector themes.
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High Court orders KSK Land to pay RM102m to GDB unit over 8 Conlay works

High Court orders KSK Land to pay RM102m to GDB unit over 8 Conlay works

news

Updated:
  • GDB Holdings' subsidiary won a High Court judgment for RM102.08 million against KSK Land in liquidation.
  • The dispute arose from late payments on a RM1.25 billion contract for the 8 Conlay project.
  • GDB's shares fell 1.3% to 38.5 sen, despite an 8.5% increase over the past year.
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Oriental Kopi firms up deal to buy head office for RM23m

Oriental Kopi firms up deal to buy head office for RM23m

news

Updated:
  • Oriental Kopi Holdings Bhd will acquire its Puchong office and warehouse for RM23 million in cash.
  • The deal, formalised with Icon Facade Sdn Bhd, aims to save costs by eliminating rental expenses.
  • Icon Facade is owned by Heng Ngeng Choo and Siau Fui Chen.
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KIP REIT to fund RM160 mil Kinta City Mall expansion, securing 25-year lease with AEON