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Malton unit to acquire 3.72-acre Johor Bahru development site for RM97.2 mil as part of landbank replenish strategy

Malton unit to acquire 3.72-acre Johor Bahru development site for RM97.2 mil as part of landbank replenish strategy

news

Updated:
  • Malton Bhd's subsidiary, BRDSB, will acquire a 3.72-acre land in Johor Bahru for RM97.23 mil.
  • The site is part of the W City Larkinton development and has a potential GDV of RM950 mil.
  • The acquisition is expected to enhance Malton's landbank and future earnings..
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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.
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.
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.
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.
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.
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.
Ampang Line to operate in 'temporary mode' from today

Ampang Line to operate in 'temporary mode' from today

news

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.
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

news

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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Malton unit to acquire 3.72-acre Johor Bahru development site for RM97.2 mil as part of landbank replenish strategy