Central states’ collaboration targets RM24.5 bil annual GDP boost from E&E, pharma, halal sectors

Central states’ collaboration targets RM24.5 bil annual GDP boost from E&E, pharma, halal sectors

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Updated:
  • The Central Region Industrial Cluster Development Initiative aims to unify economic strengths across states.
  • It is projected to generate RM24.5 billion annually and create 5,000 jobs over five years.
  • Federal support and collaboration are essential for optimising resources and enhancing regional development.
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Axis-REIT 1Q net income rises 8.3% to RM49.9m on larger portfolio, lower financing costs

Axis-REIT 1Q net income rises 8.3% to RM49.9m on larger portfolio, lower financing costs

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Updated:
  • Axis Real Estate Investment Trust reported an 8.3% rise in net income to RM49.87 million for 1Q2023.
  • Revenue increased by 0.5% to RM90.56 million, while net property income reached RM77.22 million.
  • The fund declared a first interim income distribution of 2.50 sen per unit, payable on May 29.
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UOA REIT unitholders vote down RM200m acquisition of three commercial properties

UOA REIT unitholders vote down RM200m acquisition of three commercial properties

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Updated:
  • UOA Real Estate Investment Trust's acquisition of three properties for RM200 mil was rejected by unitholders.
  • The sale and purchase agreements are now null and void, with no claims between the parties.
  • A separate income distribution plan was approved, marking a setback for UOA REIT's growth strategy.
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KHPT Holdings to lease 118,506 sq ft Puchong factory for 10 years in RM14.6m deal

KHPT Holdings to lease 118,506 sq ft Puchong factory for 10 years in RM14.6m deal

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Updated:
  • KHPT Holdings Bhd's subsidiary, NCMI, signed a 10-year lease for a factory in Puchong at RM1.3 mil annually.
  • The complex includes multiple factory buildings and office spaces on a 193,547 sq ft site.
  • The lease, a related party transaction, requires shareholder approval at an EGM on June 25, 2026.
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Kuala Lumpur residential market hits five-year high in 4Q — JLL

Kuala Lumpur residential market hits five-year high in 4Q — JLL

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Updated:
  • Kuala Lumpur's residential market saw strong growth in 2025, with Q4 transactions hitting a record high.
  • Selangor experienced a slight contraction, national transaction volume dipped by 1.5% but value rose by 1.3%.
  • JLL highlighted risks like rising energy costs and geopolitical tensions, but noted Malaysia's resilience.
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Wereg Properties marks milestone year with up to 100% revenue growth, expansion plans

Wereg Properties marks milestone year with up to 100% revenue growth, expansion plans

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Updated:
  • Wereg Properties achieved a 50% to 100% increase in sales revenue over the past year.
  • Founder Ethan Leong celebrated this growth at its annual dinner, emphasising teamwork and professionalism.
  • The company plans to expand into new markets and integrate AI for enhanced services and operations.
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Forest City SFZ seen attracting global capital amid West Asia tensions

Forest City SFZ seen attracting global capital amid West Asia tensions

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Updated:
  • The Forest City Special Financial Zone is attracting investors seeking stability amid geopolitical tensions.
  • Forest City not only has a strategic location, but it also has ready infrastructure and incentives.
  • Mohd Effandi Yusoff highlights its potential as a safe investment destination.
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Tropicana makes RM195.88m two-pronged landbank push into Langkawi, targeting tourism-driven development

Tropicana makes RM195.88m two-pronged landbank push into Langkawi, targeting tourism-driven development

news

Updated:
  • Tropicana Corp Bhd is expanding in Langkawi's property market by acquiring two land parcels for RM195.88 mil.
  • First deal involves 21.03 acres in Bandar Padang Lalang, while the second is 3.12 acres in Padang Mat Sirat.
  • Acquisitions are related party transactions and will be funded through bank borrowings and internal funds.
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7-Eleven unit pays RM19m for Seri Kembangan land to build food commissary

7-Eleven unit pays RM19m for Seri Kembangan land to build food commissary

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Updated:
  • 7-Eleven Malaysia's subsidiary QVI Foods is acquiring agricultural land for RM19 million in Selangor.
  • The 0.86-hectare land will be used to establish a food commissary, enhancing SEM's food supply chain.
  • The acquisition is set to complete by 2Q2026 and won't significantly impact the group's finances.
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Avaland pays RM86m for Taman U-Thant land, targets RM700m GDV luxury high-rise

Avaland pays RM86m for Taman U-Thant land, targets RM700m GDV luxury high-rise

news

Updated:
  • Avaland Bhd is acquiring three parcels of land in Taman U-Thant for RM86 mil to expand its luxury segment.
  • The site, valued at RM88 mil, will be developed into a high-rise residential project with a GDV of RM700 mil.
  • Completion is expected in 1Q2027, with funding from internal resources and bank loans.
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