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PNB rejects Sunway’s takeover offer for IJM over valuation, small cash component

PNB rejects Sunway’s takeover offer for IJM over valuation, small cash component

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Updated:
  • Permodalan Nasional Bhd (PNB) rejected Sunway Bhd's voluntary takeover offer for its IJM Corp stake.
  • PNB cited valuation concerns and IJM's growth potential as reasons for its decision.
  • Independent advisers also recommended IJM shareholders reject the offer, deeming it unfair and unreasonable.
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Legalising 'booking fees': a case for reform — and its limits

Legalising 'booking fees': a case for reform — and its limits

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  • The current prohibition on booking fees in Malaysia is widely ignored, leaving buyers vulnerable.
  • The option to purchase could regulate booking fees but does not address the root causes of abandoned projects.
  • Ultimately, a built-then-sell model is needed to protect buyers from financial risks.
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NCT World signs term sheet for 100-acre land sale at NCT Smart Industrial Park for data centre development

NCT World signs term sheet for 100-acre land sale at NCT Smart Industrial Park for data centre development

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Updated:
  • NCT World Sdn Bhd has signed a term sheet to sell 100 acres in NSIP to a global data centre operator.
  • The proposed facility aims to support up to 800MW of data centre capacity.
  • This transaction is expected to boost NCT Alliance's revenue and attract high-quality investors to the park.
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Luxury property supports Malaysian developers still unscathed from Iran war fallout, says RHB

Luxury property supports Malaysian developers still unscathed from Iran war fallout, says RHB

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  • Malaysia's developers are thriving due to strong demand for luxury homes, according to RHB Research.
  • High-end properties in prime locations are selling quickly, with foreign buyers making up a big portion.
  • Despite geopolitical tensions, developers are expected to maintain their sales targets.
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The front-to-back AI roadmap: Understanding Malaysia's property development landscape

The front-to-back AI roadmap: Understanding Malaysia's property development landscape

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Updated:
  • Property development involves acquiring land to create residential, commercial, or industrial buildings.
  • At least 90% of players in the property development industry are estimated to be SMEs.
  • AI is crucial for SMEs, but barriers like cost perceptions and data limitations hinder implementation.
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Living in Johor: A guide to properties in Johor Bahru

Living in Johor: A guide to properties in Johor Bahru

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Updated:
  • Johor is a sought-after residential destination in Malaysia, offering diverse housing options.
  • Urban professionals favour high-rises near transport hubs, while families prefer spacious landed homes.
  • The region's affordability and amenities attract budget-conscious buyers, including Singaporean commuters.
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JS-SEZ to address brain drain with higher pay scale — Invest Johor

JS-SEZ to address brain drain with higher pay scale — Invest Johor

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  • The Johor-Singapore Special Economic Zone aims to combat brain drain by creating high-income jobs.
  • Invest Johor is focusing on attracting impactful investments to improve local salaries and quality of life.
  • Johor is also developing a skilled workforce to meet industry needs and reduce reliance on foreign labour.
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Hektar REIT completes acquisition and lease of 41.8-acre Melaka land from KYS College

Hektar REIT completes acquisition and lease of 41.8-acre Melaka land from KYS College

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Updated:
  • Hektar REIT has completed the acquisition of two land parcels in Alor Gajah, Melaka.
  • The total area acquired is approximately 41.8 acres for RM40 mil, funded partly by RM24 mil in borrowings.
  • This strategic move expands Hektar's portfolio linked to its education-sector tenants.
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Master Tec Wire & Cable completes acquisition of 42.59-acre freehold land in Jasin, Melaka

Master Tec Wire & Cable completes acquisition of 42.59-acre freehold land in Jasin, Melaka

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Updated:
  • Master Tec Group's subsidiary acquired 42.59 acres in Jasin, Melaka for RM10.2 million.
  • The purchase was funded by internal funds and bank loans, with a slight discount to market value.
  • This acquisition supports Master Tec's strategy to expand its property development and investment business.
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Zelan unit to transfer two Wisma Zelan office suites to MMC Engineering Sdn Bhd to settle RM5.22m debt

Zelan unit to transfer two Wisma Zelan office suites to MMC Engineering Sdn Bhd to settle RM5.22m debt

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Updated:
  • Zelan Bhd's subsidiary has agreed to settle RM5.2 million in debts by transferring two office units.
  • The units will satisfy the debt upon registration, with a small balance covered by rental payments.
  • It is part of Zelan's regularisation plan after being classified as a PN17 issuer.
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