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Paramount flags 3%–5% price hike for new launches, keeps RM1.2b sales target

Paramount flags 3%–5% price hike for new launches, keeps RM1.2b sales target

news

Updated:
  • Paramount Corp Bhd anticipates a 10% rise in construction costs and plans a 3% to 5% price increase for new launches.
  • Despite 80% of ongoing project costs being insulated, new launches will face higher pressures due to geopolitical tensions.
  • The company aims for RM1.2 billion in property sales this year, focusing on starter homes amid cautious upgrader demand.
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Astro unit disposes of Cyberjaya property to AIMS for RM92 mil

Astro unit disposes of Cyberjaya property to AIMS for RM92 mil

news

Updated:
  • Astro Malaysia Holdings Bhd is selling a Cyberjaya property for RM92 mil.
  • The freehold property, which is currently untenanted, was acquired by MBNS on Sept 1, 2006 for RM85.36 mil.
  • Proceeds will be used for working capital and corporate needs.
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IJM Land hands over keys for NOVA Phase 1 in Seremban 2 Heights

IJM Land hands over keys for NOVA Phase 1 in Seremban 2 Heights

news

Updated:
  • IJM Land has begun vacant possession for Phase 1 of NOVA in S2 Heights.
  • Phase 1 achieved an 80% take-up rate, showing strong demand.
  • The development offers smart homes, green features, and community amenities.
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OSK Property marks ALIA @ OSK Mori Park topping-out, unveils TAMU

OSK Property marks ALIA @ OSK Mori Park topping-out, unveils TAMU

news

Updated:
  • OSK Property topped out ALIA @ OSK Mori Park, its first residential phase, ahead of schedule.
  • ALIA boasts a 98% sales rate, showing strong buyer demand.
  • The developer also unveiled TAMU, the third residential phase, designed for diverse lifestyles.
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VitaHealth-Tropicana 'OFFLINE 16' expansion draws over 1,900 participants

VitaHealth-Tropicana 'OFFLINE 16' expansion draws over 1,900 participants

news

Updated:
  • VitaHealth and Tropicana's OFFLINE 16 digital detox event drew over 1,900 participants.
  • It promotes device-free activities, community, and wellness experiences.
  • The next OFFLINE 16 event will be held in Penang.
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Fintech firm Wahed launches fractional property investing with RM500 entry

Fintech firm Wahed launches fractional property investing with RM500 entry

news

Updated:
  • Wahed launched a Shariah-compliant fractional real estate platform in Malaysia.
  • It allows retail investors to buy property stakes from RM500.
  • This platform offers an alternative to traditional homeownership.
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Liftech secures RM25 mil material handling system contract for Sepang test cell facility

Liftech secures RM25 mil material handling system contract for Sepang test cell facility

news

Updated:
  • Liftech Group secured a RM25 mil contract for a material handling system.
  • The project involves design, supply, and installation for a test cell facility.
  • This contract is expected to boost Liftech's earnings per share.
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CPE Technology JV to spend RM2 mil to RM3 mil on site preparation, production infrastructure setup

CPE Technology JV to spend RM2 mil to RM3 mil on site preparation, production infrastructure setup

news

Updated:
  • CPE said initial capital will be utilised for the joint venture company's operational requirement.
  • This will include site preparation works and the establishment of a surface treatment production line.
  • Manufacturing and sales should begin in 3QFY2027.
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iCents unit secures RM12.9 mil contract to renovate Klang Valley factory

iCents unit secures RM12.9 mil contract to renovate Klang Valley factory

news

Updated:
  • iCents Group's subsidiary secured a RM12.9 mil contract.
  • They will renovate a factory, warehouse, and office in Klang Valley.
  • This project will positively impact iCents' future earnings.
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Whitmore acquires 2 million MKH shares during takeover offer period

Whitmore acquires 2 million MKH shares during takeover offer period

news

Updated:
  • Whitmore Holdings acquired 2 million MKH shares at RM1.96 each.
  • The proposed offer was triggered by the share sale agreement announced in May.
  • MKH's board appointed Kenanga Investment Bank as independent adviser.
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Paramount flags 3%–5% price hike for new launches, keeps RM1.2b sales target