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

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

news

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

news

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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Selangor studies land issue on third terminal in Port Klang

Selangor studies land issue on third terminal in Port Klang

news

Updated:
  • Selangor finalises land for Port Klang's Third Terminal on Carey Island.
  • The project uses a Build-Operate-Transfer model, targeting a construction start this year.
  • This strategic port aims to boost Malaysia's economic and logistics sectors.
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Bina Darulaman unit to develop RM41.5 mil GDV commercial hub in Jitra, Kedah

Bina Darulaman unit to develop RM41.5 mil GDV commercial hub in Jitra, Kedah

news

Updated:
  • BDB Land is developing Darulaman Commercial District, a RM41.5 mil project.
  • It includes 45 shop offices and a new corporate building.
  • This aims to boost the region's economy and community.
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Sunway Construction bags RM664 mil variation orders, lifts Johor data centre contracts to RM865 mil

Sunway Construction bags RM664 mil variation orders, lifts Johor data centre contracts to RM865 mil

news

Updated:
  • Sunway Construction secured additional change orders worth RM664.4 mill for two data centre-related projects.
  • This boosts their total contract value to RM865.6 mil.
  • The projects are expected to positively impact earnings from 2026.
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SkyWorld claims fourth straight World Award at FIABCI Prix d'Excellence, this time for affordable housing

SkyWorld claims fourth straight World Award at FIABCI Prix d'Excellence, this time for affordable housing

news

Updated:
  • SkyWorld won a World Silver Award for SkyAwani 5 Residences at the FIABCI World Prix d'Excellence Awards.
  • This marks their fourth consecutive year receiving a world-level accolade.
  • The award highlights their commitment to quality affordable housing development.
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Reader’s Letter: Modernising housing laws without losing public trust

Reader’s Letter: Modernising housing laws without losing public trust

news

Updated:
  • Malaysia's housing law overhaul needs practical, balanced reforms.
  • New laws must strengthen public confidence and protect stakeholders.
  • Effective implementation and clear strategy are crucial for success.
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MRCB unit signs collaboration agreement for RM2.1 bil AI-ready data centre facility in Bukit Jalil

MRCB unit signs collaboration agreement for RM2.1 bil AI-ready data centre facility in Bukit Jalil

news

Updated:
  • MRCB subsidiary BJSP will develop an AI-ready data centre in Bukit Jalil.
  • The RM2.1 bil project will have a 65 MW IT load capacity.
  • This venture provides MRCB recurring income and establishes its digital infrastructure presence.
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Nestcon acquires Iskandar Puteri land parcels for RM95 mil, diversifies into property development