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IOI Properties acquires Asia Square Tower 2 for S$2.476 bil, boosting Singapore AUM to S$10 bil

IOI Properties acquires Asia Square Tower 2 for S$2.476 bil, boosting Singapore AUM to S$10 bil

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Updated:
  • IOI Properties will acquire Asia Square Tower 2 in Singapore for S$2.476 billion, enhancing its portfolio.
  • This acquisition increases IOIPG's assets in Singapore to S$10 billion, solidifying its position in the CBD.
  • The property, with a 95.8% occupancy rate, is expected to provide stable income.
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A1 A.K. Koh to acquire Puchong land for RM16.73 mil to develop central region headquarters

A1 A.K. Koh to acquire Puchong land for RM16.73 mil to develop central region headquarters

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Updated:
  • A.K. Koh Enterprise Sdn Bhd has signed an agreement to buy 1.01 acres of land in Selangor for RM16,728,740.
  • The land carries a leasehold tenure of 99 years expiring on June 24, 2101.
  • The land will be developed into a five-storey commercial building, with construction starting in 3Q2027.
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UOA Development terminates care services joint venture at Komune Living and Wellness Centre in Cheras

UOA Development terminates care services joint venture at Komune Living and Wellness Centre in Cheras

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Updated:
  • UOA Development Bhd has terminated its shareholders' agreement with Care Concierge Care Centre.
  • The termination is due to differing business views, effective April 17.
  • Komune Care Centre Sdn Bhd will become a wholly-owned subsidiary of UOA Development via its two subsidiaries.
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Historic Mountbatten bungalow on Millionaires’ Row relisted at S$45m, 17% lower

Historic Mountbatten bungalow on Millionaires’ Row relisted at S$45m, 17% lower

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Updated:
  • A historic bungalow at 777 Mountbatten Road in Singapore is relisted for S$45 million, down 17.4%.
  • This conserved property, built in 1851, is the largest on "Millionaires' Row" and has a storied history.
  • The bungalow sits on a freehold site of 32,052 sq ft at the corner of Mountbatten Road and Crescent Road.
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BYD's Tanjong Malim investment to be discussed for best outcome, says Nga

BYD's Tanjong Malim investment to be discussed for best outcome, says Nga

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Updated:
  • BYD's potential investment in Perak will be discussed with Prime Minister Anwar Ibrahim for optimal outcomes.
  • This investment could boost Malaysia's EV industry, create jobs, and enhance the state's economy.
  • The state government is committed to facilitating BYD's plans.
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Reports on 127.3ha of Pulau Sebatik land being part of Indonesia inconsistent with official records — Arthur

Reports on 127.3ha of Pulau Sebatik land being part of Indonesia inconsistent with official records — Arthur

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Updated:
  • Malaysia has rejected claims that 127.3 hectares of Pulau Sebatik land were ceded to Indonesia.
  • The correct agreement states that Malaysia lost 123 hectares but gained five, following a 2018 resolution.
  • Both countries will continue to resolve boundary issues through diplomacy and cooperation.
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Bathroom myth: What you don’t know about fires could kill you

Bathroom myth: What you don’t know about fires could kill you

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Updated:
  • Federal Territories Minister Hannah Yeoh emphasises that bathrooms are not safe during fires.
  • Residential fires are the deadliest in Malaysia, with many victims succumbing to smoke inhalation.
  • A culture of safety is essential, involving preparation, management responsibility, and community awareness.
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What’s happening to KL’s older buildings?

What’s happening to KL’s older buildings?

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  • Kuala Lumpur's skyline is rapidly evolving, with older buildings facing challenges in maintaining relevance.
  • Iconic structures are being repositioned or redeveloped to meet modern tenant expectations and market demands.
  • The focus is shifting towards unlocking land value and adapting older spaces for new uses.
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Exsim Hospitality unit bags RM138 mil nominated sub-contract for MEP, fit-out and building services works

Exsim Hospitality unit bags RM138 mil nominated sub-contract for MEP, fit-out and building services works

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Updated:
  • Exsim Hospitality Bhd's subsidiary accepted a RM138 million sub-contract from Binastra Builders Sdn Bhd.
  • The works include mechanical, electrical, plumbing, and interior design services over 41 months.
  • This award is expected to positively impact EHB's financial metrics without needing shareholder approval.
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WTEC Group to acquire Semenyih detached factory for RM10.80 mil to consolidate manufacturing operations

WTEC Group to acquire Semenyih detached factory for RM10.80 mil to consolidate manufacturing operations

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Updated:
  • WTEC Group Bhd's subsidiary plans to buy a factory in Semenyih for RM10.80 million cash.
  • The purchase is part of WTEC's expansion strategy to consolidate operations into one facility.
  • Funding will come from IPO proceeds and is not expected to impact earnings or require shareholder approval.
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