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Govt studying measures as construction costs rise, says Ahmad Maslan

Govt studying measures as construction costs rise, says Ahmad Maslan

news

Updated:
  • The govt is reviewing proposals to tackle rising construction material costs due to West Asia tensions.
  • Deputy Works Minister Ahmad Maslan noted that contractor feedback was gathered on industry conditions.
  • Recommendations include project time extensions, price controls, and targeted diesel subsidies.
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IOI Properties formally launches RM7.58 bil REIT, targets Main Market listing with retail, hotel and office assets

IOI Properties formally launches RM7.58 bil REIT, targets Main Market listing with retail, hotel and office assets

news

Updated:
  • IOI Properties has announced the establishment of IOIPG Malaysia REIT valued at RM7.58 billion.
  • The proposal includes property disposals, a public offering, and a listing on Bursa Malaysia.
  • Approval from regulatory bodies and shareholders is required for the plans to proceed.
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PE Land Group to anchor Capstone Corporate Suites in Batu Kawan, Penang

PE Land Group to anchor Capstone Corporate Suites in Batu Kawan, Penang

news

Updated:
  • PE Land Group will establish a 35,000-sq ft office in Capstone Corporate Suites, enhancing Batu Kawan's business hub.
  • The project is connected to key transport routes including the Second Penang Bridge and the NSE.
  • Batu Kawan is poised for significant economic growth and higher-value property transactions.
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Court sets Dec 16 to decide compensation for Semantan Estate land dispute

Court sets Dec 16 to decide compensation for Semantan Estate land dispute

news

Updated:
  • The High Court will decide on compensation for Semantan Estate on Dec 16, based on 1956 market rates.
  • The case involves a long-standing dispute over land acquired by the government in 1956 for RM1.32 million.
  • Semantan Estate continues to seek compensation after previous legal avenues were exhausted.
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Penang launches RTPSI 2050, Malaysia’s first local plan for greenfield area

Penang launches RTPSI 2050, Malaysia’s first local plan for greenfield area

news

Updated:
  • Penang launched its Publicity and Public Participation Programme for the RTPSI 2050 on April 7.
  • CM Chow Kon Yeow emphasised that Silicon Island aims for sustainable economic growth and job creation.
  • The project is expected to generate 220,000 jobs and contribute RM1.1 trillion to GDP by 2050.
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Nestcon acquires Iskandar Puteri land parcels for RM95 mil, diversifies into property development

Nestcon acquires Iskandar Puteri land parcels for RM95 mil, diversifies into property development

news

Updated:
  • Nestcon Bhd is entering property development by acquiring 3 commercial land parcels in JB for RM95 million.
  • The land will be developed into a mixed-use project with gross development cost of around RM1.03 billion.
  • Approvals are required for the acquisition and diversification into property development.
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Sunsuria raises stake in KL City Gateway to 61% majority with RM21.46m acquisition

Sunsuria raises stake in KL City Gateway to 61% majority with RM21.46m acquisition

news

Updated:
  • Sunsuria Bhd has acquired an additional 41% stake in KL City Gateway, raising its ownership to 61%.
  • The RM21.46 million deal consolidates KLCG as a subsidiary, enhancing Sunsuria's role in the project.
  • The KL City Gateway development will feature commercial and residential spaces.
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Gagasan Nadi Cergas secures RM134m en bloc sale of affordable condominium to Selangor Housing and Property Board

Gagasan Nadi Cergas secures RM134m en bloc sale of affordable condominium to Selangor Housing and Property Board

news

Updated:
  • Gagasan Nadi Cergas Bhd sold 523 affordable housing units to Selangor Housing for RM134.4 million.
  • This deal supports a rent-to-own scheme, aiding residents in future home purchases.
  • The company plans to deliver 14,000 affordable homes over seven years, with a GDV of RM3.8 billion.
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EXAL Malaysia partners municipal council to deliver aid to families in Kuching

EXAL Malaysia partners municipal council to deliver aid to families in Kuching

news

Updated:
  • EXAL Malaysia partnered with Majlis Perbandaran Padawan to aid 31 underprivileged families.
  • They distributed RM15,000 in essential food supplies during the outreach from March 17 to 19.
  • EXAL Malaysia is expanding its presence in Sarawak, where it is undertaking development projects.
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Menara Merdeka 118 to be recognised for advancing fire safety standards

Menara Merdeka 118 to be recognised for advancing fire safety standards

news

Updated:
  • Menara Merdeka 118 will be the first Malaysian building to implement the Automatic Fire Monitoring System.
  • It will receive recognition and a Fire Certificate for meeting fire safety standards.
  • A ceremony for this achievement is scheduled for April 14, 2026, at the Park Hyatt Hotel Kuala Lumpur.
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Govt studying measures as construction costs rise, says Ahmad Maslan