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Axteria buys 80% stake in construction firm Niaga Sari for RM35m cash

Axteria buys 80% stake in construction firm Niaga Sari for RM35m cash

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Updated:
  • Axteria Group Bhd plans to acquire an 80% stake in Niaga Sari Sdn Bhd for RM35 million in cash.
  • The acquisition aims to enhance Axteria's construction capabilities and support property development.
  • NSSB will become a subsidiary, with the deal expected to positively impact Axteria's financial performance.
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Kajang sees growing home values, driven by master-planned townships

Kajang sees growing home values, driven by master-planned townships

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  • Kajang's property prices are rising faster than the national average, driven by population growth.
  • The Setia Alamsari township features eight parks and offers various home types, attracting affluent buyers.
  • The "Generasi Baru" campaign aims to educate new homebuyers on property trends and financial planning.
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S P Setia set to launch RM75.43m GDV of Ferrous Finale homes in Alam Impian

S P Setia set to launch RM75.43m GDV of Ferrous Finale homes in Alam Impian

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Updated:
  • S P Setia Bhd will launch 70 units of Ferrous Finale homes in Alam Impian on April 18, valued at RM75.43 mil.
  • They feature sustainable elements and access to amenities, including LakePoint Club and retail options.
  • Homebuyers can benefit from incentives during the Raya sales campaign, including cash rewards for bookings.
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Chin Hin proposes JV with Fiamma Holdings for mixed commercial development in Kuala Lumpur

Chin Hin proposes JV with Fiamma Holdings for mixed commercial development in Kuala Lumpur

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Updated:
  • Chin Hin Group Property Bhd announced a joint venture with Fiamma Holdings Bhd for a Kuala Lumpur project.
  • BKG Development will acquire 70% of Sinaran Urusjuta Sdn Bhd, diluting FHB's stake to 30%.
  • The project, estimated at RM1.36 billion, includes serviced apartments and retail space.
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Builders enjoy strong 2026 start, but warn of margin risks on unpriced new launches

Builders enjoy strong 2026 start, but warn of margin risks on unpriced new launches

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Updated:
  • Builders in Kuala Lumpur are optimistic for 2026, but rising costs pose risks to new projects.
  • CGS International said ongoing projects are secure, yet new developments may face profit margin pressures.
  • Companies like Sime Darby and Eco World are well-positioned for growth despite potential cost challenges.
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Malaysia, Singapore expediting JS-SEZ initiative, exploring green tech cooperation

Malaysia, Singapore expediting JS-SEZ initiative, exploring green tech cooperation

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Updated:
  • Malaysia and Singapore are expediting the Johor-Singapore Special Economic Zone (JS-SEZ) implementation.
  • They are exploring cooperation in green technologies like carbon capture and storage.
  • Initiative aims to enhance economic complexity and create better opportunities for youth in both countries.
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Tropicana redeems RM133.2 mil Sukuk Tranche 5, cumulative repayments reach RM1.25 bil

Tropicana redeems RM133.2 mil Sukuk Tranche 5, cumulative repayments reach RM1.25 bil

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Updated:
  • Tropicana Corp Bhd redeemed RM133.2 million under its RM1.5 billion Sukuk Wakalah Programme.
  • The group reported a revenue increase of 6.0% for the financial year ended Dec 31, 2025.
  • MARC Ratings upgraded Tropicana's outlook to positive, reflecting improvements in its balance sheet.
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Matang completes RM18.2 million acquisition of durian plantation land in Tangkak, Johor

Matang completes RM18.2 million acquisition of durian plantation land in Tangkak, Johor

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Updated:
  • Matang Bhd has acquired 10 agricultural land parcels in Johor for RM18.20 million.
  • The purchase increases their plantation landbank by 19.64 hectares, now totaling 1,170.02 hectares.
  • Musang King, Black Thorn, IOI and Kampung varieties are being cultivated.
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Govt committed to identifying green areas in Kuala Lumpur every month — Hannah

Govt committed to identifying green areas in Kuala Lumpur every month — Hannah

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Updated:
  • The government is committed to identifying green and open spaces in Kuala Lumpur monthly.
  • Minister Hannah Yeoh announced the gazetting of 45 new areas, totaling 539 protected locations.
  • This initiative aims to enhance public spaces and promote sustainability in the city.
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