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High Court allows UOA Development unit to challenge tax bill on property sale to REIT

High Court allows UOA Development unit to challenge tax bill on property sale to REIT

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Updated:
  • The High Court has allowed Distinctive Acres to challenge a RM165.66 mil tax bill linked to a 2020 asset sale.
  • A temporary stay was granted until June 16, with both parties required to appear in court.
  • Distinctive Acres argues the tax treatment is invalid and seeks to avoid double taxation.
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Developer seeks approval for 61-storey mixed-use tower in Bukit Pantai, near TNB HQ and Pantai Hospital

Developer seeks approval for 61-storey mixed-use tower in Bukit Pantai, near TNB HQ and Pantai Hospital

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Updated:
  • A private developer, Akisama Corp, seeks approval for a 61-storey mixed-use project in Bukit Pantai.
  • The development will feature 1,494 serviced apartments, retail spaces, and green areas.
  • Site is within a densely utilised institutional and residential precinct in the Bangsar-Bukit Pantai area.
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Setia Awan inks MoU with seven brands to anchor Avenue F mall in Bukit Ampang Permai

Setia Awan inks MoU with seven brands to anchor Avenue F mall in Bukit Ampang Permai

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Updated:
  • Setia Awan has signed an MoU with seven brands to anchor Avenue F in Bukit Ampang Permai.
  • This neighbourhood mall aims to enhance community living and convenience, targeting completion by 3Q2027.
  • Project focuses on a curated tenants to support local liveability and reduce reliance on external centres.
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Super-scale home designed for vibrant connection with family, friends

Super-scale home designed for vibrant connection with family, friends

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Updated:
  • A luxurious bungalow in Kuala Lumpur spans 15,000 sq ft and is designed for gatherings.
  • Inspired by Mediterranean architecture, it features open spaces and durable materials like travertine.
  • The home balances expressive design with a calm palette, creating distinct zones for work, play, and rest.
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Botanik Point elevates landed living to holistic wellness experience

Botanik Point elevates landed living to holistic wellness experience

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Updated:
  • Urban Hallmark Properties introduces Botanik Point, a unique low-density residential development.
  • This enclave integrates nature and wellness, offering townvillas and semi-detached homes in Ampang.
  • With a focus on quality living, it caters to upgraders seeking a serene lifestyle near urban amenities.
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Paramount maintains 1Q earnings as RM1.47 bil unbilled sales provide visibility despite softer revenue

Paramount maintains 1Q earnings as RM1.47 bil unbilled sales provide visibility despite softer revenue

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Updated:
  • Paramount Corp Bhd reported stable 1Q earnings for March 31, 2026, with net profit at RM14.4 mil.
  • Revenue fell 29.7% to RM152.2 mil due to fewer projects and a cautious launch strategy.
  • The company plans to focus on launches in 2H2026, aiming to improve market visibility and buyer confidence.
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MKH Bhd 2Q profit jumps 58% on disposal gain as Batu Kawan launches RM550m takeover

MKH Bhd 2Q profit jumps 58% on disposal gain as Batu Kawan launches RM550m takeover

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Updated:
  • MKH Bhd reported a 58% increase in net profit to RM28 mil for 2Q2026, despite a 32.3% revenue drop.
  • The profit surge was mainly due to a RM26.3 mil gain from selling its China furniture business.
  • Looking ahead, MKH plans to launch projects worth RM432 mil in FY2026, expecting moderate growth.
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AME Elite posts record full-year profit of RM284m, declares seven sen dividend

AME Elite posts record full-year profit of RM284m, declares seven sen dividend

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Updated:
  • AME Elite Consortium Bhd reported a record net profit of RM283.97 mil for FY2026, tripling FY2025's profit.
  • Revenue surged 59.39% to RM970 mil, driven by strong industrial property demand and land sales.
  • The company declared a total dividend of 13 sen per share for FY2026.
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Hektar REIT to buy, lease back school campus for RM125 mil

Hektar REIT to buy, lease back school campus for RM125 mil

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Updated:
  • Hektar REIT plans to acquire an international school campus in Kuala Lumpur for RM125 million!
  • The deal includes a leaseback arrangement with KYS College, allowing them to operate the school for 99 years.
  • Acquisition aims to diversify Hektar's portfolio and is expected to enhance its asset value and rental yield.
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LSH Capital posts lower 2Q earnings on higher tax expenses, softer property contributions

LSH Capital posts lower 2Q earnings on higher tax expenses, softer property contributions

news

Updated:
  • LSH Capital Bhd reported a 13.8% drop in 2Q net profit due to higher taxes and lower property contributions.
  • Net profit fell to RM18.6 mil, while revenue decreased by 6.7% to RM99.45 mil.
  • The group is expanding its project pipeline and remains optimistic about future growth.
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