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Knusford to sell Setapak land for RM7m to fund working capital

Knusford to sell Setapak land for RM7m to fund working capital

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Updated:
  • Knusford Bhd is selling 0.304 hectares of land in Setapak for RM7 million in a related-party deal.
  • The sale will yield a net gain of RM4.55 million, aiding the company's working capital.
  • The transaction is expected to finalise by July 2026, with Knusford's shares last trading at 39 sen.
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Menara Merdeka 118 secures two World Gold awards at FIABCI World Prix d’Excellence Awards 2026

Menara Merdeka 118 secures two World Gold awards at FIABCI World Prix d’Excellence Awards 2026

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Updated:
  • Menara Merdeka 118 won two World Gold awards at the FIABCI World Prix d’Excellence Awards.
  • The tower was recognised for its outstanding development and sustainability.
  • It is Malaysia's tallest building and a source of national pride.
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Johor's data centres could consume 40% electricity demand by 2035, says WoodMac

Johor's data centres could consume 40% electricity demand by 2035, says WoodMac

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Updated:
  • Johor's data centres could consume 40% of the state's electricity by 2035.
  • This will put pressure on the state’s grid infrastructure to keep up with demand.
  • Solutions include stronger substations and renewable energy integration.
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Sena Residences’ Tower B & D achieve 98% take-up in six months, triggers launch of final two blocks

Sena Residences’ Tower B & D achieve 98% take-up in six months, triggers launch of final two blocks

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Updated:
  • Setia Awan's Sena Residences in Shah Alam saw 98% take-up for its first two towers.
  • This led to an early release of 1,102 new units, including Soho Transit Units.
  • These units offer affordable, transit-oriented living near an LRT station.
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Crescendo extends land sale deadline as TNB utility condition remains unresolved

Crescendo extends land sale deadline as TNB utility condition remains unresolved

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Updated:
  • Crescendo Corp Bhd extended its land sale agreement.
  • The deal, worth RM200.88 mil, is for industrial land in Johor.
  • An outstanding condition with Tenaga Nasional Bhd needs fulfilling.
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Sunway MCL-CSC Land Group JV tops bids for River Valley Green GLS site at S$1,730 psf ppr

Sunway MCL-CSC Land Group JV tops bids for River Valley Green GLS site at S$1,730 psf ppr

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Updated:
  • Sunway MCL and CSC Land Group submitted the highest bid for River Valley Green (Parcel C).
  • Their S$750.57 mil offer set a new benchmark land rate.
  • This final parcel will yield over 500 premium residential units.
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PRG Holdings board terminates related-party debt settlement, initiates independent review

PRG Holdings board terminates related-party debt settlement, initiates independent review

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Updated:
  • PRG Holdings Bhd terminated a debt settlement plan.
  • It involved RM37.17 mil owed by Premier De Muara Sdn Bhd.
  • An independent reviewer will be appointed to address governance concerns.
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IWG launches Malaysia's first Regus Express at Crowne Plaza KLCC

IWG launches Malaysia's first Regus Express at Crowne Plaza KLCC

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Updated:
  • IWG launched Malaysia's first Regus Express at Crowne Plaza KLCC.
  • The workspace is located along Jalan Yap Kwan Seng and near MRT and LRT stations.
  • It meets growing demand for flexible, capital-light workspace solutions.
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