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SkyWorld unveils 15-year plan to become Top 30 Southeast Asian developer by 2040

SkyWorld unveils 15-year plan to become Top 30 Southeast Asian developer by 2040

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Updated:
  • SkyWorld Development Bhd launched "SkyWorld 2040," a 15-year plan to become a top 30 property developer.
  • The first phase aims for RM1 bil profit and RM12 bil in development launches by FY2031.
  • Strategies include accelerating launches, expanding into SEA, and innovating affordable housing solutions.
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T7 Global acquires KL Trillion office unit in RM1.6 mil related-party deal

T7 Global acquires KL Trillion office unit in RM1.6 mil related-party deal

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Updated:
  • T7 Global Bhd's subsidiary is acquiring an office unit at KL Trillion for RM1.6 mil.
  • The deal is a related-party transaction involving Tan Kay Shen, linked to major shareholders.
  • The acquisition aims to expand office space and is expected to complete by 3Q2026.
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Penang mulls fire safety improvements for old, heritage buildings

Penang mulls fire safety improvements for old, heritage buildings

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Updated:
  • Penang will review fire safety measures for old buildings after a fatal fire at the Odeon building.
  • The state government emphasizes compliance, monitoring, and awareness among building owners.
  • Local authorities will enhance procedures and guidelines to improve safety for heritage properties.
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Nga calls for greater emphasis on arts, culture in urban development

Nga calls for greater emphasis on arts, culture in urban development

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Updated:
  • Housing Minister Nga Kor Ming emphasises that cities need arts and culture for community identity.
  • He believes that music and cultural initiatives foster unity and understanding among diverse Malaysians.
  • Nga urges citizens to embrace diversity and reject extremism for national progress and harmony.
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RM6.5 mil Lembah Kiara Park upgrade focused on infrastructure rehabilitation, says Yeoh

RM6.5 mil Lembah Kiara Park upgrade focused on infrastructure rehabilitation, says Yeoh

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Updated:
  • Upgrading works at Lembah Kiara Park, costing RM6.5 mil, are now complete.
  • Most funds were spent on drainage and electrical infrastructure, with RM700,000 for landscaping.
  • Park has reopened to the public, operating from 5:30am to 8pm, and will be monitored for defects for one year.
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Sarawak longhouses have unique advantage as community tourism products, says Tiong

Sarawak longhouses have unique advantage as community tourism products, says Tiong

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Updated:
  • Sarawak longhouses are ideal for community-based tourism, offering unique cultural experiences.
  • They preserve heritage while creating economic opportunities through homestays and local crafts.
  • Longhouses symbolise harmony and unity, showcasing the progressive nature of indigenous communities in Borneo.
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Ampang Line to operate in 'temporary mode' from today

Ampang Line to operate in 'temporary mode' from today

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Updated:
  • The Ampang Line is temporarily operating after repairs from an incident at Chan Sow Lin Station.
  • Passengers will need one transfer at Chan Sow Lin, adding five minutes during peak hours.
  • Ten free shuttle buses will run to support operations, with inspections to ensure safety and reliability.
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Singapore ultra-wealthy population to grow 46% in next five years; buying power for luxury homes falls

Singapore ultra-wealthy population to grow 46% in next five years; buying power for luxury homes falls

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Updated:
  • Apac region is becoming a major wealth hub, with Singapore's UHNWI population rising significantly.
  • Despite a decline in buying power for luxury homes, demand for prime properties remains strong.
  • Region's wealth growth is driven by entrepreneurship and expanding economies, particularly in Southeast Asia.
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IJM to sell hypermarket building in Sandakan to tenant Econsave for RM47.5m

IJM to sell hypermarket building in Sandakan to tenant Econsave for RM47.5m

news

Updated:
  • IJM Corp is selling a hypermarket in Sandakan to Econsave for RM47.5 mil.
  • The sale aims to unlock property value and optimise capital allocation, with RM46 mil for working capital.
  • The property is currently under a tenancy agreement with supermarket chain Bataras Sdn Bhd.
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Varia to jointly develop mixed development project in Putrajaya

Varia to jointly develop mixed development project in Putrajaya

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Updated:
  • Varia Bhd has proposed a joint mixed development project in Putrajaya with UMLand and KGFC.
  • Varia will develop the project on a 6.82-acre site, funding it through various means.
  • Varia will receive 84.12% of the net profit, with project details to be finalised by a committee.
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