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EcoWorld: Syed Mokhtar acquires Leong Kok Wah's stake, becomes substantial shareholder

EcoWorld: Syed Mokhtar acquires Leong Kok Wah's stake, becomes substantial shareholder

news

Updated:
  • Eco World Development Group Bhd has a new substantial shareholder, Tan Sri Syed Mokhtar Shah Syed Nor.
  • He acquired Datuk Leong Kok Wah's shares in Syabas Tropikal, which owns 30.1% of EcoWorld.
  • EcoWorld's chairman expressed gratitude to Leong and welcomed Syed Mokhtar's involvement.
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Strong PJ high-rise demand supports Lumeo @ The Atera's next phase after first tower sells out

Strong PJ high-rise demand supports Lumeo @ The Atera's next phase after first tower sells out

news

Updated:
  • Paramount Corp is launching the second residential tower of Lumeo @ The Atera due to high demand.
  • The development features modern urban living with smart home features and excellent connectivity.
  • PJ leads Selangor's high-rise market, with a focus on redevelopment and adaptive reuse of industrial sites.
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Gold Li targets 10% revenue growth for 2026 on demand from Johor property market

Gold Li targets 10% revenue growth for 2026 on demand from Johor property market

news

Updated:
  • Gold Li Holdings Bhd aims for a 10% revenue growth in FY2026, targeting RM70 mil in revenue.
  • The company has 13 ongoing projects and plans a 500-unit high-rise in Muar for 2027, valued at RM400 mil.
  • Despite market challenges, Gold Li remains optimistic about local demand.
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Triterra builds on the success of The MET to continuously set new benchmarks

Triterra builds on the success of The MET to continuously set new benchmarks

news

Updated:
  • The MET Corporate Towers in KL Metropolis offers a unique office environment with hospitality-like features.
  • Triterra's CEO emphasises a "three-generational" leadership philosophy to adapt to market changes.
  • Future projects may blend residential and commercial spaces, enhancing KL's competitiveness.
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The front-to-back AI roadmap: A plug-and-play guide for Malaysian SME developers

The front-to-back AI roadmap: A plug-and-play guide for Malaysian SME developers

news

Updated:
  • AI adoption is transforming Malaysia's property development, especially for SMEs.
  • Given the lean nature of Malaysian SME developers, the strategic priority should follow a "Front-to-Back" app.
  • Embracing AI allows lean teams to enhance efficiency and compete effectively against larger developers.
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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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Bangsar property outlook: Have the upmarket prices stayed uptrend?

Bangsar property outlook: Have the upmarket prices stayed uptrend?

news

Updated:
  • Bangsar, a prominent suburb near Kuala Lumpur, blends residential and commercial spaces.
  • Property prices are high, with strong demand from local buyers and expatriates influencing the rental market.
  • Opportunities for growth exist, particularly in well-located properties and commercial segments.
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Changing the game: How TRX reshapes the appeal of KL CBD

Changing the game: How TRX reshapes the appeal of KL CBD

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Updated:
  • Kuala Lumpur's Tun Razak Exchange (TRX) is transforming into a vibrant international financial district.
  • Development integrates commercial, residential, and lifestyle spaces, enhancing urban connectivity and appeal.
  • As TRX matures, it is reshaping surrounding areas and attracting global firms.
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Independent investigation panel report on Putra Heights pipeline explosion submitted to federal govt, says Selangor MB

Independent investigation panel report on Putra Heights pipeline explosion submitted to federal govt, says Selangor MB

news

Updated:
  • The Selangor State Government submitted the gas pipeline explosion report to the federal government.
  • Menteri Besar Amirudin Shari stated the report will be made public after federal feedback is received.
  • The incident affected 1,254 people, destroying 87 houses and damaging 148 others.
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Binasat's BDSB gets fourth extension on RM33.83 mil cash payment for SBP and Empire City acquisitions, RM22.29 mil still outstanding

Binasat's BDSB gets fourth extension on RM33.83 mil cash payment for SBP and Empire City acquisitions, RM22.29 mil still outstanding

news

Updated:
  • Binasat Communications Bhd has received a three-month extension for cash payments due by August 16.
  • They have paid RM11.54 mil of the RM33.83 mil obligation, leaving RM22.29 mil outstanding.
  • This extension marks the fourth deadline change since the proposals were announced in December 2024.
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EcoWorld: Syed Mokhtar acquires Leong Kok Wah's stake, becomes substantial shareholder