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Nestcon ventures into property development with RM95 mil Iskandar Puteri land buy

Nestcon ventures into property development with RM95 mil Iskandar Puteri land buy

news

Updated:
  • Nestcon Bhd will acquire three Johor land parcels for RM95 mil, entering property development.
  • The company plans a mixed commercial and residential project with an estimated GDV of RM1.371 bil.
  • Shareholders will vote on this acquisition and business diversification at an upcoming EGM.
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UEM Sunrise locks in capital partner for A$315 mil Melbourne build-to-rent project

UEM Sunrise locks in capital partner for A$315 mil Melbourne build-to-rent project

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Updated:
  • UEM Sunrise Bhd partnered with Kio Investment Management for a A$315.4 mil build-to-rent project in Melbourne.
  • UEM Sunrise will develop over 400 homes, while Kio will own and operate the completed asset.
  • This project expands UEM Sunrise's Australian portfolio and Kio's institutional rental housing strategy.
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Malaysia keen to strengthen cooperation in housing development with Singapore, says Nga

Malaysia keen to strengthen cooperation in housing development with Singapore, says Nga

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Updated:
  • Malaysia stands to gain insights into its own public housing projects from Singapore’s successful models.
  • Minister Nga Kor Ming met Singapore's Chee Hong Tat.
  • They discussed urban development and future collaborations.
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Viral ECRL fare rates only speculation, actual rates not announced yet, says MRL

Viral ECRL fare rates only speculation, actual rates not announced yet, says MRL

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Updated:
  • ECRL fare rates circulating online are speculative.
  • Official ticket prices are still under discussion with stakeholders.
  • The public is advised not to make assumptions based on information that has not been verified.
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Gabungan AQRS revises Bangi JV terms to ease project cash flow

Gabungan AQRS revises Bangi JV terms to ease project cash flow

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Updated:
  • Gabungan AQRS Bhd revised a joint venture with Rising Charm Sdn Bhd.
  • The key change alters how the landowner receives its unit entitlement.
  • This revision aims to significantly improve the project's cash flow.
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HexTech and Widad walk away from Nilai industrial land deal, ending nearly two years of negotiation

HexTech and Widad walk away from Nilai industrial land deal, ending nearly two years of negotiation

news

Updated:
  • HexTech and Widad Group terminated a land disposal agreement.
  • This marks the final end of a long-standing transaction.
  • The announcement discloses no financial consequences.
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Modular precast system to be studied to speed up building construction projects — deputy minister

Modular precast system to be studied to speed up building construction projects — deputy minister

news

Updated:
  • The Works Ministry suggests JKR study the Modular Precast System (MPS).
  • This system is faster and more efficient than current methods.
  • This system is more refined than the IBS, enabling buildings to be completed within a shorter time frame.
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Cafes, community, connectivity keep Wangsa Maju moving

Cafes, community, connectivity keep Wangsa Maju moving

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Updated:
  • Wangsa Maju was officially established in February 1984 as a major township in Kuala Lumpur.
  • Its commercial hub along Jalan Wangsa Delima offers diverse amenities.
  • The area features high-rise residences, green spaces, and ongoing property development.
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Country Heights CEO resigns after brief stint, search for successor begins

Country Heights CEO resigns after brief stint, search for successor begins

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Updated:
  • Country Heights Holdings Bhd seeks a new CEO after Mohd Rizal Zubair resigned.
  • He stepped down for personal interests, not due to disagreements.
  • The company faces financial struggles but assures operations are unaffected.
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LRT3 line to begin operations end-June, says Loke

LRT3 line to begin operations end-June, says Loke

news

Updated:
  • LRT3 connecting Shah Alam and its surrounding areas in Selangor is expected to start operations by month-end.
  • The Transport Minister Anthony Loke will announce the exact date soon.
  • Draft bill to set up the Malaysian Transport Safety Board won't be tabled yet.
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