ECM Libra completes disposal of Tune Hotel George Town Penang for RM51.89 mil

ECM Libra completes disposal of Tune Hotel George Town Penang for RM51.89 mil

news

Updated:
  • ECM Libra Group Bhd has sold Tune Hotel George Town Penang for RM51,888,000 to Wealthpro Holdings.
  • The transaction includes two land parcels and a hotel with 258 rooms, yielding a gross gain of RM29 million.
  • Proceeds will fund new projects, repay borrowings, and support working capital needs.
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NREC 2026: Inaugural Property Surveying Awards honours excellence across public, corporate, academic sectors

NREC 2026: Inaugural Property Surveying Awards honours excellence across public, corporate, academic sectors

news

Updated:
  • The Royal Institution of Surveyors Malaysia held its first Property Surveying Awards in Kuala Lumpur.
  • The event recognised contributions to the property surveying profession.
  • Key awardees included Knight Frank Malaysia and individuals like Datuk Mani Usilappan and Wong Kok Soo.
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Sabah mulls modern rail system to industrial parks, ports to boost economy

Sabah mulls modern rail system to industrial parks, ports to boost economy

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Updated:
  • Sabah is studying a modern rail system to enhance logistics between Putatan and Kota Kinabalu.
  • The state government aims to improve transport infrastructure and public utilities.
  • Measures are being implemented to mitigate floods and landslides, ensuring infrastructure resilience.
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Wawasan Dengkil wins RM22.7 mil PKNS contract to build 56 single-storey homes in Sepang

Wawasan Dengkil wins RM22.7 mil PKNS contract to build 56 single-storey homes in Sepang

news

Updated:
  • Wawasan Dengkil Holdings Bhd has secured a RM22.7 million contract to build 56 residential units in Selangor.
  • Work will start on June 8, 2023, and is set to finish by October 24, 2027.
  • Project supports PKNS's affordable homes initiative and will enhance Wawasan Dengkil's financial performance.
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NREC 2026: Energy crunch highlights car-reliant suburban living unviable, property landscape needs restructuring — minister

NREC 2026: Energy crunch highlights car-reliant suburban living unviable, property landscape needs restructuring — minister

news

Updated:
  • Malaysia's development model is under scrutiny due to rising energy costs and urban inefficiencies.
  • Liew Chin Tong emphasised the need for sustainable urban strategies and a shift from car dependency.
  • He urged the real estate sector to support technological advancements and adapt to changing landscapes.
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AmFIRST REIT closes FY2026 at highest occupancy since FY2014, portfolio revaluation adds RM14.4 mil as full-year revenue tops RM110 mil

AmFIRST REIT closes FY2026 at highest occupancy since FY2014, portfolio revaluation adds RM14.4 mil as full-year revenue tops RM110 mil

news

Updated:
  • AmFIRST REIT reported a strong financial year ending March 31, 2026, with occupancy at 88.7%.
  • Portfolio's revaluation resulted in a fair value gain of RM14.41 million, raising NAV per unit to RM1.2178.
  • A final income distribution of 1.60 sen per unit was declared, totaling 2.87 sen for FY2026.
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IJM Corp aims to list construction business by 2027, says Kenanga

IJM Corp aims to list construction business by 2027, says Kenanga

news

Updated:
  • IJM Corporation aims to list its construction business by the end of 2027 after fending off a takeover.
  • A board-level committee is overseeing a three-year asset unlocking exercise to boost shareholder value.
  • Kenanga maintains an 'outperform' rating with a target price of RM3.40 for IJM.
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NCM Co’s 2026 Auction Carnival returns on April 28

NCM Co’s 2026 Auction Carnival returns on April 28

news

Updated:
  • Ng Chan Mau & Co will host its sixth Auction Carnival on April 28 in Kuala Lumpur from 10am to 5pm.
  • The event features property, automotive, and art auctions, supporting the Visit Malaysia 2026 campaign.
  • Attendees can enjoy various activities, win prizes, and view original artworks at Art Auction on April 29.
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PropNex offers 19 properties for its April open house

PropNex offers 19 properties for its April open house

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Updated:
  • This weekend, April 25 and 26, features 19 properties for viewing in Klang Valley and Penang!
  • Highlights include bungalows, terrace homes, and condominiums.
  • Interested buyers can contact agents for viewings of these diverse listings!
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AME REIT closes FY2026 with RM86 mil portfolio revaluation uplift, full-year distributable income rises 13% to RM44.3 mil

AME REIT closes FY2026 with RM86 mil portfolio revaluation uplift, full-year distributable income rises 13% to RM44.3 mil

news

Updated:
  • AME Real Estate Investment Trust (AME REIT) reported a strong financial year ending March 31, 2026.
  • The total revenue increased by 22.4% year-on-year to RM62.33 million.
  • A final income distribution of 2.16 sen per unit has been declared.
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ECM Libra completes disposal of Tune Hotel George Town Penang for RM51.89 mil