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UOA Development fixes DRS share price at RM1.54 for final dividend

UOA Development fixes DRS share price at RM1.54 for final dividend

news

Updated:
  • UOA Development Bhd has fixed the issue price of new shares under its DRS.
  • Representing a discount of about 9.42% to the adjusted five-market-day volume weighted average market price.
  • Shareholders may reinvest their cash entitlement into new UOA Development shares or receive dividend in cash.
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YNH extends RM170 mil land disposal to Sunway unit by another three months

YNH extends RM170 mil land disposal to Sunway unit by another three months

news

Updated:
  • YNH Property Bhd extended its land sale agreement to Sunway Living Space for RM170 mil.
  • This is the fifth supplemental agreement for the Kuala Lumpur land disposal.
  • The agreement now runs until Sept 12, 2026, with no price change.
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Titijaya unit joins PNSB consortium to develop RM343 mil, 1,202-unit Rumah Idaman project in Selangor

Titijaya unit joins PNSB consortium to develop RM343 mil, 1,202-unit Rumah Idaman project in Selangor

news

Updated:
  • Titijaya Land Bhd's subsidiary NPO Builders will develop a RM343 mil affordable housing project.
  • They partnered with PNSB Construction for the Rumah Idaman program in Selangor.
  • The project includes 1,202 residential units, priced at RM250,000 and RM295,000.
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Kerjaya Prospek, Aspen to jointly develop mixed project in Penang

Kerjaya Prospek, Aspen to jointly develop mixed project in Penang

news

Updated:
  • Kerjaya Prospek and Aspen Vision Development will develop a mixed-use project in Penang.
  • The 34.84-acre development includes affordable housing, retail, and offices.
  • This seven-year project expands Kerjaya Prospek's northern market presence.
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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

news

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

news

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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UOA Development fixes DRS share price at RM1.54 for final dividend