Rivertree STF Synergies acquires two KL serviced apartment land assets for RM46.3m, targeting combined GDV of RM654.8m

Rivertree STF Synergies acquires two KL serviced apartment land assets for RM46.3m, targeting combined GDV of RM654.8m

news

Updated:
  • Rivertree STF Synergies Bhd is restructuring its property portfolio by acquiring two development companies.
  • The acquisitions include a KLCC-fringe plot and Aisya KL East, with a combined GDV of RM654.80 mil.
  • RSSB is also divesting a mixed development project in Kuala Kubu Baharu for RM12.97 mil.
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Tropicana Metropark marks topping-off milestone for SouthPlace 2 Shoppes & Residences

Tropicana Metropark marks topping-off milestone for SouthPlace 2 Shoppes & Residences

news

Updated:
  • Tropicana Corp has completed the structural framework of SouthPlace 2 in Subang Jaya, with an 80% take-up rate.
  • The development features a link bridge to the Federal Highway and is set for completion by March 2027.
  • Phase 2 registration is now open, offering designer-furnished units with monthly installments from RM1,467.
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SkyWorld inks MOU with MARA to strengthen investment and education collaboration

SkyWorld inks MOU with MARA to strengthen investment and education collaboration

news

Updated:
  • SkyWorld Development Bhd has signed an MOU with MARA to enhance sustainable growth in Malaysia.
  • The three-year partnership will focus on property development, infrastructure, and educational initiatives.
  • SkyWorld aims to create impactful investments and nurture a future-ready workforce through this collaboration.
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Potential sale of Khazanah’s Marina One attracts CapitaLand, Hongkong Land — report

Potential sale of Khazanah’s Marina One attracts CapitaLand, Hongkong Land — report

news

Updated:
  • Marina One, a mixed-use development in Singapore, may be sold for S$5.7 bil.
  • Bidders include CapitaLand Group and Hongkong Land, but the price could deter buyers.
  • The project is a result of a 2010 land swap between Malaysia and Singapore, leading to M+S's establishment.
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Magni-Tech acquires freehold beachfront land in Tanjong Bungah, Penang for RM133.33m

Magni-Tech acquires freehold beachfront land in Tanjong Bungah, Penang for RM133.33m

news

Updated:
  • Magni-Tech Industries Bhd's subsidiary, MLSB, signed an SPA to buy land in Penang for RM133.33 million.
  • The land, freehold and vacant, is intended for investment and development, with no existing encumbrances.
  • The purchase will be funded from internal funds, with completion expected in the second half of 2026.
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Capital A in talks with major hotel chain to extend AirAsia brand into hospitality

Capital A in talks with major hotel chain to extend AirAsia brand into hospitality

news

Updated:
  • Capital A Bhd is negotiating with a major hotel chain to expand its AirAsia brand into hospitality.
  • The company reported steady performance in 1Q2026, boosted by seasonal travel demand despite geopolitical tensions.
  • Additionally, its logistics unit, Teleport, saw significant growth due to rising e-commerce demand in the Asia-Pacific region.
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PDC, MAHB approve formation of JVco to implement Penang International Logistics Aeropark project

PDC, MAHB approve formation of JVco to implement Penang International Logistics Aeropark project

news

Updated:
  • The Penang Development Corporation and Malaysia Airports Holdings have formed a joint venture for Pila.
  • This project aims to develop a cargo terminal to enhance Penang's logistics and industrial growth.
  • The first phase includes a new air cargo warehouse, expected to be operational by 2029, with a capacity of 100,000 tonnes per year.
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Ukas to award MMC Corp-led consortium JB ART project — sources

Ukas to award MMC Corp-led consortium JB ART project — sources

news

Updated:
  • The MMC Corp Bhd-DOM Industries Sdn Bhd consortium will develop Johor Bahru's rapid transit system.
  • The project, estimated at RM7 billion, aims to ease traffic congestion and support the JB-Singapore RTS.
  • The automated people mover system proposed is similar to those in Singapore's transit lines.
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Tropicana clarifies four-month announcement delay on Langkawi land buy, cites strategic interdependency with larger RM151 mil acquisition

Tropicana clarifies four-month announcement delay on Langkawi land buy, cites strategic interdependency with larger RM151 mil acquisition

news

Updated:
  • Tropicana Corp Bhd announced a delay in a RM44.82 million land acquisition due to its link to a larger deal.
  • The acquisition of the Tanjung Mali parcel is contingent on finalising a neighboring land purchase.
  • The company plans to start development by 4Q2026, pending necessary approvals and conditions.
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Merdeka 118 is Malaysia's first MD Nexus building — here is what it means for rents, tenants and the race to stay relevant

Merdeka 118 is Malaysia's first MD Nexus building — here is what it means for rents, tenants and the race to stay relevant

news

Updated:
  • Merdeka 118 is Malaysia's first MD Nexus building, setting a new standard for digital office spaces.
  • It commands premium rents, reflecting its certifications and strategic location in Kuala Lumpur.
  • This designation positions Merdeka 118 as a key player in attracting global digital investors.
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Rivertree STF Synergies acquires two KL serviced apartment land assets for RM46.3m, targeting combined GDV of RM654.8m