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Ann Joo unit sells 62.4-acre Gurun industrial plot to Zichen Malaysia for RM119.6 mil

Ann Joo unit sells 62.4-acre Gurun industrial plot to Zichen Malaysia for RM119.6 mil

news

Updated:
  • Ann Joo Resources is selling 62.395 acres in Kedah for RM119.59 mil.
  • The sale is through its subsidiary GHIP and partner Transyear to Zichen Malaysia.
  • Ann Joo expects a RM42.3 mil gain from this land disposal.
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Tanco hit by steepest decline on record, as losing streak wipes out nearly RM10 bil

Tanco hit by steepest decline on record, as losing streak wipes out nearly RM10 bil

news

Updated:
  • Tanco Holdings experienced its steepest one-day decline, falling 60% within the first 30 minutes of trading.
  • This marked its fourth consecutive limit-down, triggering a short-selling suspension.
  • The stock had surged over 600% since 2024, peaking at a RM10 bil market cap.
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Strata Conference 2026: Malaysia reviewing Act 757 as strata challenges evolve — Aiman Athirah

Strata Conference 2026: Malaysia reviewing Act 757 as strata challenges evolve — Aiman Athirah

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Updated:
  • Malaysia is reviewing Act 757 to update strata governance for urban growth.
  • The Strata Conference 2026 discussed improving strata management and addressing classification gaps.
  • Experts emphasised shifting from reactive to predictive maintenance for better asset reliability.
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Forest City SFZ expected to surpass RM2 bil investment target amid growing investor interest

Forest City SFZ expected to surpass RM2 bil investment target amid growing investor interest

news

Updated:
  • The Forest City Special Financial Zone (SFZ) expects to exceed its RM2 bil investment target for 2026.
  • It has attracted 260 investor inquiries, half from domestic sources, focusing on finance and business.
  • Investors are drawn by its strategic location, low costs, and role in the regional digital economy.
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AI seen boosting Apac real estate demand, not displacing it — Cushman & Wakefield

AI seen boosting Apac real estate demand, not displacing it — Cushman & Wakefield

news

Updated:
  • AI will boost economic growth and real estate demand in Apac, not reduce it.
  • Under the baseline, the study projects 3%-4% annual GDP growth through 2030, driven by AI productivity.
  • For office real estate, Cushman & Wakefield expects AI to transform, rather than disrupt, the market.
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E&O introduces AVÉA waterfront residences at Andaman Island, Penang with RM1b GDV

E&O introduces AVÉA waterfront residences at Andaman Island, Penang with RM1b GDV

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Updated:
  • E&O launched AVÉA, a RM1 bil serviced apartment project on Andaman Island.
  • It offers 1,080 fully-furnished units across two towers, with prices from RM724,000.
  • The development emphasises waterfront living and sustainability, with 65% of Tower A already taken up.
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'Happiness' on paper: The unseen struggles behind Malaysia's housing law overhaul

'Happiness' on paper: The unseen struggles behind Malaysia's housing law overhaul

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Updated:
  • Malaysia's Housing Minister Nga Kor Ming links national success to citizen happiness.
  • However, proposed property law changes create a gap between this aspiration and lived reality.
  • The withdrawn URA Bill 2025 raised concerns about property rights and homeowner protections.
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Over 1,000 shopping malls to provide recycling facilities by end-2026 — Nga

Over 1,000 shopping malls to provide recycling facilities by end-2026 — Nga

news

Updated:
  • Over 1,000 malls will get recycling facilities by year-end.
  • This Cabinet decision aims to boost solid waste management.
  • It also promotes a circular economy in Malaysia.
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Citaglobal completes private placement; Berjaya Corp unit becomes substantial shareholder

Citaglobal completes private placement; Berjaya Corp unit becomes substantial shareholder

news

Updated:
  • Citaglobal completed its private placement with new shares listed on Bursa Malaysia.
  • Berjaya Securities became a substantial shareholder, acquiring 8.64% of Citaglobal.
  • This subscription will not materially affect BCorp's financials.
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Ann Joo unit sells 62.4-acre Gurun industrial plot to Zichen Malaysia for RM119.6 mil