Berjaya Corp sells Berjaya Property and Sports Toto shares to Vincent Tan for RM18.76m

Berjaya Corp sells Berjaya Property and Sports Toto shares to Vincent Tan for RM18.76m

news

Updated:
  • Berjaya Corp sold shares in Berjaya Property and Sports Toto to founder Tan Sri Vincent Tan for RM18.76 mil.
  • Shares were sold at significant discounts to their book values, with no material impact on BCorp's finances.
  • The transactions are not subject to shareholder or regulatory approval.
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UEM Sunrise appoints Leong Jee Van as chief property development officer

UEM Sunrise appoints Leong Jee Van as chief property development officer

news

Updated:
  • UEM Sunrise Bhd has appointed Leong Jee Van as chief property development officer, effective May 18.
  • His extensive experience will enhance the company's development focus and execution discipline.
  • Leong will oversee development functions and support strategic growth opportunities, including the JS-SEZ.
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EWI Capital's Australian office fund completes RM1.05b acquisition of Melbourne property

EWI Capital's Australian office fund completes RM1.05b acquisition of Melbourne property

news

Updated:
  • EWI Capital Bhd has acquired a prime office tower in Melbourne, marking a strategic shift to real estate.
  • The property, fully leased to Monash University, was purchased for A$381 mil and offers stable income.
  • EWI aims to raise A$500 mil for further investments in prime office assets across major Australian cities.
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A strong Ombudsman is Malaysia's missing link to housing and land accountability

A strong Ombudsman is Malaysia's missing link to housing and land accountability

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Updated:
  • The Madani government's proposal for an Ombudsman Act is seen as a vital reform for accountability.
  • Homebuyers and stakeholders hope it will address long-standing issues in land administration and planning.
  • A well-designed Ombudsman could enhance transparency and improve governance in Malaysia's housing sector!
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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

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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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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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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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Berjaya Corp sells Berjaya Property and Sports Toto shares to Vincent Tan for RM18.76m