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UOA Development confirms rescission of RM200m property sale to UOA REIT after unitholder rejection

UOA Development confirms rescission of RM200m property sale to UOA REIT after unitholder rejection

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Updated:
  • UOA Development Bhd has rescinded three SPAs for a RM200 million sale to UOA REIT after unitholders rejected it.
  • The decision followed a failed vote at UOA REIT's meeting on April 29.
  • The properties in question are now off the table, and no claims can be made by either party.
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Metronic Global to sell vacant Bukit Jelutong factory for RM9.42m to pare debt

Metronic Global to sell vacant Bukit Jelutong factory for RM9.42m to pare debt

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Updated:
  • Metronic Global Bhd is selling an industrial property in Shah Alam for RM9.42 million.
  • Proceeds will fund working capital and repay loans, with completion expected by 2Q FY2027.
  • The property is currently vacant and was underutilised due to operational changes.
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Equinix to build fourth Malaysia data centre in Cyberjaya for US$190m

Equinix to build fourth Malaysia data centre in Cyberjaya for US$190m

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Updated:
  • Equinix, Inc plans to invest over US$190 million in a new data center, KL2, in Cyberjaya, Malaysia.
  • This facility will enhance Malaysia's digital economy and support high-density workloads with renewable energy.
  • KL2 will be Equinix's fourth data center in Malaysia, expanding its regional interconnection capabilities.
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Malaysia among most stable economies in Asia amid global uncertainty — Nga

Malaysia among most stable economies in Asia amid global uncertainty — Nga

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Updated:
  • Malaysia remains resilient amid global challenges, recognised by institutions like JPMorgan.
  • The government is implementing measures to mitigate impacts on the property sector from geopolitical tensions.
  • Initiatives include expanding affordable housing projects and fast-tracking approvals to support developers.
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Trinity Rainfora tops out as Phase 1 records full take-up; Phase 2 priced from RM568,000

Trinity Rainfora tops out as Phase 1 records full take-up; Phase 2 priced from RM568,000

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Updated:
  • Trinity Group Sdn Bhd has topped out Trinity Rainfora, a transit-oriented development in Puchong.
  • Phase One is fully sold, while Phase Two is now available, with prices starting at RM568,000.
  • The project features extensive amenities and a 10-Year Gold Assurance Program for buyers.
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KL prime office rents rise 1.3% q-o-q to RM6.12 psf in 1Q2026, vacancy drops to 22.1%

KL prime office rents rise 1.3% q-o-q to RM6.12 psf in 1Q2026, vacancy drops to 22.1%

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Updated:
  • Kuala Lumpur's office market saw a 1.3% rental increase to RM6.12 psf in Q1 2026, with vacancies down to 22.1%.
  • Demand for premium, transit-oriented properties is driving this growth, particularly in key areas.
  • Despite rising rents, KL remains the most cost-effective prime office market in Asia-Pacific at US$21.46 psf annually.
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Battersea Power Station adds over 10 new outlets as riverside expansion continues

Battersea Power Station adds over 10 new outlets as riverside expansion continues

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Updated:
  • Battersea Power Station will expand its retail and leisure offerings with over 10 new openings in 2026.
  • The destination has welcomed over 40 million visitors since 2022, highlighting its appeal for experiential retail.
  • Upcoming openings include health-focused cafes and wellness facilities, enhancing its position in London's retail scene.
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Apex Equity completes RM50m acquisition of Bangsar South office building for group HQ

Apex Equity completes RM50m acquisition of Bangsar South office building for group HQ

news

Updated:
  • Apex Equity Holdings Bhd has acquired a RM50 million office building in Bangsar South City.
  • The property will become the new headquarters for Apex Group after their current lease ends.
  • Any unoccupied floors will be available for lease following the move.
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Malton launches Mutiara Kempas in Johor Bahru, already 70% taken up

Malton launches Mutiara Kempas in Johor Bahru, already 70% taken up

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Updated:
  • Malton Bhd has launched Mutiara Kempas, a serviced apartment in Johor Bahru, with a 70% take-up rate.
  • The development features 562 units in a 39-storey tower, priced from RM336,000, and offers various layouts.
  • Amenities include a swimming pool, gym, and shuttle service to Singapore, with completion expected in Q2 2030.
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E&O’s Gurney Bridge recognised as Malaysia’s widest box girder bridge

E&O’s Gurney Bridge recognised as Malaysia’s widest box girder bridge

news

Updated:
  • Eastern & Oriental Bhd has received recognition for the Gurney Bridge, the widest box girder bridge in Malaysia.
  • The bridge, spanning 450m and 40m wide, enhances connectivity for Andaman Island's future-ready township.
  • It aims to improve traffic flow and create a vibrant waterfront environment for the community.
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