Full trial ordered for Mudajaya’s 'properties as payment for construction work' case

Full trial ordered for Mudajaya’s 'properties as payment for construction work' case

news

Updated:
  • Mudajaya Group's lawsuit over promised properties for a Kuala Lumpur project will return to the High Court.
  • Crest Worldwide will be refunded the RM100,000 costs it was ordered to pay Mudajaya at the High Court.
  • Mudajaya had secured RM152.36m in properties via a court order of specific performance in October last year.
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Cold Storage anchors The Tenz Emporium, marking its first Kedah outlet

Cold Storage anchors The Tenz Emporium, marking its first Kedah outlet

news

Updated:
  • Imperio Group has launched The Tenz Emporium in Alor Setar, featuring Cold Storage as its anchor tenant.
  • Development aims to transform a heritage site into a vibrant community hub, enhancing Alor Setar's profile.
  • With Cold Storage operational, Imperio will focus on upcoming phases.
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Paramount says has issued nearly two-fifths of its perpetual securities programme

Paramount says has issued nearly two-fifths of its perpetual securities programme

news

Updated:
  • Paramount Corp Bhd has issued RM190 million of its RM500 million perpetual securities programme.
  • Paramount has an orderbook of RM1.5 bil as at Dec 31, 2025.
  • Its current price-earnings ratio of 5.3 is lower than most peers, indicating potential undervaluation.
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EdgeProp Malaysia and PropNex Malaysia release comprehensive 1Q2026 property market report

EdgeProp Malaysia and PropNex Malaysia release comprehensive 1Q2026 property market report

news

Updated:
  • EdgeProp Malaysia and PropNex Malaysia have launched the 1Q2026 Property Market Overview report.
  • This data-driven tool offers insights into Malaysia's property market across key segments and regions.
  • It aims to provide reliable intelligence for informed property decisions amid evolving market conditions.
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118 Mall slated to open doors in August within Merdeka 118 precinct

118 Mall slated to open doors in August within Merdeka 118 precinct

news

Updated:
  • 118 Mall is set to open in August at the base of Merdeka 118, the world's second tallest building.
  • The mall will feature over 300 retail outlets, with 70% of space already leased.
  • It aims to attract 22 million visitors in its first year, enhancing Kuala Lumpur's vibrant retail scene!
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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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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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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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Full trial ordered for Mudajaya’s 'properties as payment for construction work' case