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Ann Joo’s JV sells industrial plot in Gurun for RM117.8 mil

Ann Joo’s JV sells industrial plot in Gurun for RM117.8 mil

news

Updated:
  • Ann Joo Resources and Transyear have sold 60.1 acres of industrial land in Kedah for RM117.81 million.
  • Ann Joo expects to receive RM65.4 million from the sale, aiding loan repayments and working capital.
  • The transaction is set to enhance cash flow and is expected to complete within 15 months.
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IJM: MACC clarifies probe targets individuals only, not the group as an entity

IJM: MACC clarifies probe targets individuals only, not the group as an entity

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Updated:
  • IJM Corporation Bhd confirmed that the MACC's investigation does not involve the company itself.
  • The probe is focused on individuals linked to IJM amid allegations of a RM2.5 billion money laundering scheme.
  • IJM's chairman is cooperating with the MACC, while Sunway Bhd's takeover offer for IJM is also under investigation.
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Wing Tai bets RM45m on Mont’Kiara as competition stiffens in KL’s premier address

Wing Tai bets RM45m on Mont’Kiara as competition stiffens in KL’s premier address

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Updated:
  • Wing Tai Holdings Ltd has acquired a freehold land parcel in Mont’Kiara for RM45 million.
  • The site will be developed into a residential project, with plans for a boutique launch in 2027.
  • The upcoming MRT3 Circle Line may significantly enhance Mont’Kiara's appeal by improving connectivity.
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Court finds DBKL negligent in 2023 motorcyclist's death, ordered to pay over RM820,000

Court finds DBKL negligent in 2023 motorcyclist's death, ordered to pay over RM820,000

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Updated:
  • The Kuala Lumpur City Hall was found negligent for a tree that fell and killed a motorcyclist.
  • The court ordered DBKL to pay RM824,180 in damages to the victim's parents for their loss.
  • The judge emphasised DBKL's duty to maintain public safety regarding roadside trees.
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REITs face near-term volatility as new tax regime takes effect

REITs face near-term volatility as new tax regime takes effect

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Updated:
  • The removal of the 10% withholding tax on REITs will lead to near-term repricing in the sector.
  • Investors will face higher effective tax rates, particularly affecting higher-income groups.
  • Despite this, HLIB maintains an "overweight" stance on REITs, expecting yields to stabilise over time.
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Setia Foundation reaches out to Asnaf community via ‘Sincerely, Setia Ramadan Mubarak’ programme

Setia Foundation reaches out to Asnaf community via ‘Sincerely, Setia Ramadan Mubarak’ programme

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Updated:
  • Setia Foundation held the Sincerely, Setia Ramadan Mubarak programme for 240 Asnaf families.
  • Each family received RM200 in zakat and Ramadan baskets worth RM80, totaling RM67,200 disbursed.
  • The initiative involved 86 volunteers and aimed to support underprivileged communities during Ramadan.
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Rising landmarks on KL prime sites set to repaint city centre canvas

Rising landmarks on KL prime sites set to repaint city centre canvas

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Updated:
  • Kuala Lumpur's skyline is rapidly changing with new construction in the KL CBD and Bukit Bintang.
  • Major projects include Cititower, CloutHaus Residences, and the upcoming GameOn Theme Park.
  • Bukit Nanas is also seeing developments like One Sultan Ismail, adding to the city's vertical growth.
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CDL moves to refresh portfolio and stays anchored in Singapore

CDL moves to refresh portfolio and stays anchored in Singapore

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Updated:
  • City Developments Ltd (CDL) achieved record residential sales of S$4.35 billion in FY2025.
  • CDL is undergoing a reset to enhance market perception and manage its development pipeline prudently.
  • The strategic review, expected to conclude by mid-year, comes at a pivotal juncture.
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The Peak unit goes on market for RM11.7m

The Peak unit goes on market for RM11.7m

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Updated:
  • A luxury condominium unit at The Peak in Kuala Lumpur is listed for RM11.7 million.
  • The development features 54 exclusive units, emphasising privacy and opulence in a prime location.
  • Marketed by Shawn Fernandez, it attracts both local and international buyers seeking upscale living.
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Designed with curves, textures, quiet luxury to embrace family moments

Designed with curves, textures, quiet luxury to embrace family moments

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Updated:
  • A luxurious 3,110-sq ft residence in Aetas Damansara offers stunning views of the Tropicana golf course.
  • The home emphasises calmness and tactile elements, featuring textured materials and soft curves.
  • Clever concealments and functional spaces enhance livability, making it a serene backdrop for everyday life.
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Ann Joo’s JV sells industrial plot in Gurun for RM117.8 mil