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OSK Property unveils Aura following 80% sell-out of BLVD in Melbourne Square, Australia

OSK Property unveils Aura following 80% sell-out of BLVD in Melbourne Square, Australia

news

Updated:
  • OSK Property Holdings Bhd launched Aura, a RM2.25 bil residential tower in Melbourne Square, Southbank.
  • The 67-storey tower features 673 residences focused on wellness and offers extensive lifestyle amenities.
  • Construction is set to begin in late 2026, with completion expected by 2029.
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Zahid moots return of a portion of FGV-managed land to Felda

Zahid moots return of a portion of FGV-managed land to Felda

news

Updated:
  • Deputy PM Zahid proposed FGV return a portion of land to Felda.
  • This aims to strengthen Felda's finances and help settlers.
  • The government spends nearly RM1 bil yearly to aid Felda.
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Govt mulling law amendment to allow multiple homes on Felda lots — Anwar

Govt mulling law amendment to allow multiple homes on Felda lots — Anwar

news

Updated:
  • The government plans to amend the Land Act 1960 for Felda settlers.
  • This will allow multiple houses on single residential lots.
  • Draft amendments are due in two months for Cabinet review.
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DBKL to acquire land to resolve Taman Datuk Senu access road issue

DBKL to acquire land to resolve Taman Datuk Senu access road issue

news

Updated:
  • DBKL is acquiring private land for a public road in Sentul.
  • The road was built on private land without prior acquisition.
  • DBKL expects resolution within three to four months.
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IGB Commercial REIT portfolio value edges up to RM3.25 bil on valuation gains

IGB Commercial REIT portfolio value edges up to RM3.25 bil on valuation gains

news

Updated:
  • IGBCR's property portfolio value rose slightly to RM3.253 bil.
  • Valuation by Knight Frank Malaysia confirmed this increase.
  • The net fair value change from Jan 1 to June 30 was RM841,000.
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TWL terminates three Alam Impian JV projects after delayed implementation

TWL terminates three Alam Impian JV projects after delayed implementation

news

Updated:
  • TWL Holdings Bhd terminated three joint venture agreements for the Alam Impian Project.
  • Delays were caused by market changes, the pandemic, and supply issues.
  • TWL Builders received full refunds for consideration sums and development expenses.
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Ge-Shen inks fresh RM35.5 mil industrial property deal in Johor consolidation

Ge-Shen inks fresh RM35.5 mil industrial property deal in Johor consolidation

news

Updated:
  • Ge-Shen Corp Bhd will sell five industrial properties for RM35.5 mil cash.
  • This new agreement follows a terminated deal due to financing issues.
  • The sale will improve finances and streamline operations.
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Rhong Khen buys three Kapar factories for RM47 mil to streamline manufacturing

Rhong Khen buys three Kapar factories for RM47 mil to streamline manufacturing

news

Updated:
  • Rhong Khen International (RKIB) is acquiring three factory properties in Kapar, Selangor, for RM47 mil cash.
  • The purchase aims to consolidate RKIB's furniture operations and enhance operational synergies.
  • The transaction is expected to complete within four to five months after government approvals.
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Mah Sing plans RM2.26 bil MS Industrial Park @ Kulai via land deal

Mah Sing plans RM2.26 bil MS Industrial Park @ Kulai via land deal

news

Updated:
  • Mah Sing Group plans to buy 419.17 acres in Johor for RM273.87 mil cash.
  • This land will become MS Industrial Park @ Kulai, with an estimated GDV of RM2.26 bil.
  • The project aims to boost Mah Sing's industrial portfolio and support the JS-SEZ.
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Propel Global exits non-core Bangi industrial sites in RM6.75 mil deal

Propel Global exits non-core Bangi industrial sites in RM6.75 mil deal

news

Updated:
  • Propel Global Bhd plans to sell two industrial properties for RM6.75 mil.
  • This disposal aims to reduce costs and improve cash flow for the company.
  • Proceeds will fund working capital and redeem a trade facility.
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Bites
OSK Property unveils Aura following 80% sell-out of BLVD in Melbourne Square, Australia