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Chin Hin scraps RM1.15b Taman Connaught deal after ‘unsatisfactory due diligence’

Chin Hin scraps RM1.15b Taman Connaught deal after ‘unsatisfactory due diligence’

news

Updated:
  • Chin Hin Group Property Bhd has terminated its RM1.15 billion residential project in Taman Connaught.
  • The termination was due to unmet conditions for development approval within the required timeframe.
  • No compensation will be paid, and both parties are released from obligations under the revoked agreement.
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Selangor studies land issue on third terminal in Port Klang

Selangor studies land issue on third terminal in Port Klang

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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

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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

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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

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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

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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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Paramount completes RM257.9 mil Jalan Ampang land acquisition from IOI Properties

Paramount completes RM257.9 mil Jalan Ampang land acquisition from IOI Properties

news

Updated:
  • Paramount Corp acquired a 3.7-acre commercial plot in Kuala Lumpur for RM257.9 mil.
  • They plan to build two serviced apartment blocks with a RM1.1 bil GDV.
  • This acquisition boosts Paramount's total remaining GDV, which stood at RM4.8 bil as at Dec 31, 2025.
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Property Valuation Dept, AmanahRaya launch digital platform to accelerate estate administration process

Property Valuation Dept, AmanahRaya launch digital platform to accelerate estate administration process

news

Updated:
  • AmanahRaya and JPPH launched "JPPH Drive" to digitise estate administration.
  • This platform aims to streamline property valuation and reduce manual processes.
  • The collaboration enhances efficiency and transparency for public service delivery.
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