IWCity extends evaluation of Lim Kang Hoo's merger proposal for the sixth time

IWCity extends evaluation of Lim Kang Hoo's merger proposal for the sixth time

news

Updated:
  • Iskandar Waterfront City Bhd has received a nine-month extension to evaluate a merger proposal until January 2027.
  • This marks the sixth extension since the proposal was first disclosed in September 2023.
  • The proposal aims to consolidate property assets under Ekovest Bhd, with no binding agreement yet in place.
Read More
IOI Properties opens 2.75-acre Central Park at Senna Puteri, eyes RM3b GDV for Sepang township

IOI Properties opens 2.75-acre Central Park at Senna Puteri, eyes RM3b GDV for Sepang township

news

Updated:
  • IOI Properties Group has opened the first phase of Central Park @ Senna Puteri, a community park in Sepang.
  • The park features amenities like multipurpose courts and outdoor gyms, promoting healthy lifestyles.
  • Future developments include additional park components and a transit-oriented development by 2027, supporting 14,000 residents.
Read More
CBH Engineering secures RM29.69 mil data centre substation job in Johor

CBH Engineering secures RM29.69 mil data centre substation job in Johor

news

Updated:
  • CBH Engineering Holding Bhd secured a RM29.69 million order for a data centre in Johor.
  • The contract involves designing and installing a consumer substation, scheduled for completion by September 2026.
  • CBH's order book is heavily focused on data centre projects, with 90% of RM592 million tied to this sector.
Read More
Atrium REIT's 1Q net income rises 17.3% to RM7.29m; declares 2.50 sen distribution

Atrium REIT's 1Q net income rises 17.3% to RM7.29m; declares 2.50 sen distribution

news

Updated:
  • Atrium REIT reported a net income of RM7.29 million for Q1, a 17.3% increase from last year.
  • Gross revenue rose 11.4% to RM13.27 million, driven by new tenancy at ASA5 and rental rate increases.
  • The trust declared a first interim distribution of 2.50 sen per unit, with a payment date set for May 29.
Read More
Mida helps facilitate approval of tax incentives for 220 projects in Johor last year

Mida helps facilitate approval of tax incentives for 220 projects in Johor last year

news

Updated:
  • The Malaysian Investment Development Authority approved tax exemptions for 220 projects in Johor.
  • Johor secured a record RM110 billion in investments for 2025, marking a 69.6% increase.
  • Federal support aims to enhance Johor's status as a high-value manufacturing hub and create job opportunities.
Read More
KIP REIT to acquire Setapak Central Mall for RM435m, plans unit placement to fund deal

KIP REIT to acquire Setapak Central Mall for RM435m, plans unit placement to fund deal

news

Updated:
  • KIP REIT plans to acquire Setapak Central Mall for RM435 million from Festiva Mall Sdn Bhd.
  • The acquisition will increase KIP REIT's property value by 26.1% and make the mall its largest asset.
  • The deal is subject to approvals and includes safeguards due to an ongoing vendor dispute.
Read More
Malaysian REITs may have more downside ahead, CGS International flags

Malaysian REITs may have more downside ahead, CGS International flags

news

Updated:
  • Malaysian REITs are facing share price corrections due to the loss of withholding tax perks.
  • CGS International downgraded the sector to "neutral," citing underestimated valuation impacts.
  • Future investor focus will shift to DPU growth and asset quality amid rising tax burdens.
Read More
Kommons Realty marks awards night recognising top performers and outlines growth targets

Kommons Realty marks awards night recognising top performers and outlines growth targets

news

Updated:
  • Kommons Realty held its Awards Night 2026 on April 8, celebrating achievements from 2025.
  • Eugene Wong was named Top Producer, while 80 RENs were recognised as Top Performers.
  • The company aims for RM62 million in revenue and plans to expand its sales force to 600 RENs in 2026.
Read More
Triterra marks 10 years in KL with sold-out music showcase at The MET Corporate Towers, Mont’Kiara

Triterra marks 10 years in KL with sold-out music showcase at The MET Corporate Towers, Mont’Kiara

news

Updated:
  • The inaugural Rentak Music Celebration marked Triterra's 10th anniversary with a nostalgic 80s and 90s concert.
  • Minister Hannah Yeoh emphasised the need for collaboration between govt and private sectors for city reforms.
  • The event showcased local talent and aimed to enhance K'Ls cultural vibrancy, reflecting Triterra's vision.
Read More
Bites