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NCT Alliance acquires 80% stake in 176.71-acre Kuala Langat land for RM53m, targets RM1.5b GDV industrial expansion

NCT Alliance acquires 80% stake in 176.71-acre Kuala Langat land for RM53m, targets RM1.5b GDV industrial expansion

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  • NCT Alliance Bhd is acquiring an 80% stake in Semanja Murni Sdn Bhd for RM53 million to expand its landbank.
  • The deal involves five leasehold parcels totaling 176.71 acres adjacent to NCT's existing industrial park.
  • NCT plans to integrate this land into its NCT Smart Industrial Park, with completion expected in nine months.
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Citaglobal Tower JV at Jalan Tun Razak gets third deadline extension

Citaglobal Tower JV at Jalan Tun Razak gets third deadline extension

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  • Citaglobal Bhd and Varia Bhd's joint venture for Citaglobal Tower has extended its deadline to June 4.
  • This is the third extension since the JV was announced in November 2025, with conditions still outstanding.
  • The project aims to develop a mixed-use tower on a 1.58-acre site in Kuala Lumpur.
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LSH Capital receives RM197.9m land offer from RAC for 17.4-acre Country Heights site in Petaling district

LSH Capital receives RM197.9m land offer from RAC for 17.4-acre Country Heights site in Petaling district

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  • Lim Seong Hai Capital Bhd has received an offer from RAC to purchase 17.4 acres of land for RM197.9 mil.
  • LSH Capital must sign a formal agreement within 30 days and secure necessary approvals within six months.
  • Further details on the development will be disclosed after the agreement is executed.
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Stop-work order slapped on hillside project near Empire Residence

Stop-work order slapped on hillside project near Empire Residence

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  • The PJ city council issued a two-week stop-work order for a hillside project due to safety concerns.
  • Empire Residence residents reported issues with mud and water flow during heavy rain.
  • Damansara lawmaker Gobind Singh Deo made a site visit yesterday.
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MACC finds no graft in KL retention pond probe, tells DBKL to step up monitoring

MACC finds no graft in KL retention pond probe, tells DBKL to step up monitoring

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  • The MACC urged DBKL to enhance oversight of development projects near flood retention ponds.
  • Investigations revealed no corruption in project approvals, but DBKL must ensure compliance.
  • Past complaints led to a thorough investigation, concluding with no further action due to lack of evidence.
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After MACC clearance, IJM’s Krishnan Tan says was always innocent, can now move on

After MACC clearance, IJM’s Krishnan Tan says was always innocent, can now move on

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  • Tan Sri Krishnan Tan, IJM's chairman, has been cleared of graft allegations in a takeover probe.
  • He expressed relief and gratitude for the support during the investigation's impact on his reputation.
  • "I now want to put this difficult period behind me and move on," Tan said.
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IJM: MACC probe into Sunway takeover offer concluded as 'no further action'

IJM: MACC probe into Sunway takeover offer concluded as 'no further action'

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  • IJM Corp's chairman was cleared by the MACC after a probe into Sunway's takeover offer.
  • The investigation found no corruption or governance violations, leading to no further action.
  • Sunway's bid to acquire IJM failed to secure the necessary stake by the deadline.
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Sime Darby Property ups Klang industrial play with ESG-led Bandar Bukit Raja Business Park

Sime Darby Property ups Klang industrial play with ESG-led Bandar Bukit Raja Business Park

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  • Sime Darby Property is expanding Bandar Bukit Raja Business Park in Klang, focusing on ESG principles.
  • The development includes residential, commercial, and industrial components.
  • Klang is evolving into a key industrial hub, supported by major infrastructure projects.
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Melati Ehsan tops out Bayu 2Sixty residences in Kemuning Prima, Shah Alam

Melati Ehsan tops out Bayu 2Sixty residences in Kemuning Prima, Shah Alam

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  • Melati Ehsan Holdings Bhd has topped out Bayu 2Sixty residences in Shah Alam, with a 60% take-up rate.
  • The project features 260 units in a 17-storey tower and is set for handover in Q1 2028.
  • Ongoing projects include Khaya Residences in Bangsar and Bayu Selayang Heights in Batu Caves.
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Malaysia's property market stays stable in 1Q2026 with transactions near 90,000 units worth RM51.9b, says JPPH

Malaysia's property market stays stable in 1Q2026 with transactions near 90,000 units worth RM51.9b, says JPPH

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Updated:
  • Malaysia's property market showed stability in 1Q2026 with 89,966 transactions worth RM51.9 billion.
  • The residential sector dominated, making up 58.8% of transactions, while unsold units increased by 7.6%.
  • Positive government measures and infrastructure developments are expected to support future growth!
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