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BEDI proposes RM38.82m related-party buy of two Sabah land companies

BEDI proposes RM38.82m related-party buy of two Sabah land companies

news

Updated:
  • BEDI Bhd plans to acquire two companies from a related party for RM38.82 million.
  • This involves Sejati Sentral and FYT Land, becoming BEDI's subsidiaries.
  • An independent adviser will review this related party transaction.
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Mulpha named in Australian class action over Mulgoa Rise project

Mulpha named in Australian class action over Mulgoa Rise project

news

Updated:
  • Mulpha International's subsidiary faces an Australian class action lawsuit.
  • The claim alleges unsuitable land for residential construction at Mulgoa Rise.
  • Mulpha Norwest denies wrongdoing and will vigorously defend the claim.
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Berjaya Corp exits Citaglobal stake for RM42.56m in RPT transaction

Berjaya Corp exits Citaglobal stake for RM42.56m in RPT transaction

news

Updated:
  • Berjaya Corp Bhd (BCorp) sold its 8.64% stake in Citaglobal Bhd for RM42.56 million cash.
  • The sale to Detik Ria Sdn Bhd was a related party transaction.
  • Proceeds will be used for BCorp's working capital needs.
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Titijaya to buy Bukit Raja land for RM47.4m

Titijaya to buy Bukit Raja land for RM47.4m

news

Updated:
  • Titijaya Land Bhd will acquire a piece of leasehold land in Bukit Raja for RM47.39 million cash.
  • This expands their land bank for future development opportunities.
  • The acquisition should positively impact future earnings.
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Propel Global marks first commercial project with RM64m Riverpoint in Kuantan

Propel Global marks first commercial project with RM64m Riverpoint in Kuantan

news

Updated:
  • Propel Global Bhd launched Riverpoint, its first commercial project, in Kuantan.
  • This RM64 million development features 31 freehold shoplots.
  • It targets investors and businesses in a growing East Coast region.
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KPKT channelled RM1.08 bil to Johor for infrastructure, housing upgrades since 2022

KPKT channelled RM1.08 bil to Johor for infrastructure, housing upgrades since 2022

news

Updated:
  • KPKT allocated RM1.08 bil to Johor since 2022 for infrastructure and housing.
  • This commitment ensures balanced and inclusive development for all Johor residents.
  • The Sentuhan Kasih programme engages with residents and addresses local issues directly.
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LRT3 to begin operations on June 29, says Loke

LRT3 to begin operations on June 29, says Loke

news

Updated:
  • The LRT3 line will open next Monday, June 29.
  • The Prime Minister will launch it this Sunday.
  • This 37.8km line will benefit two million residents.
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PAM backs housing minister’s structural reform agenda for built environment

PAM backs housing minister’s structural reform agenda for built environment

news

Updated:
  • PAM supports the Housing Ministry's reforms for compliance and digital transformation.
  • They welcome clarity on architects' right to submit planning approvals.
  • PAM also supported the minister’s stern warning against fee undercutting within the architectural fraternity.
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Sime Darby Property's New Economy Venture fund secures RM2.6 bil sukuk programme in world-first data centre financing structure

Sime Darby Property's New Economy Venture fund secures RM2.6 bil sukuk programme in world-first data centre financing structure

news

Updated:
  • Sime Darby Property Bhd's NEV fund launched a RM2.6 bil Sukuk Wakalah Programme.
  • It's the first Sukuk globally to fund data centre infrastructure.
  • The programme carries a seven-year tenure.
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Malaysia’s subsale home prices rise 4.8% in 1Q

Malaysia’s subsale home prices rise 4.8% in 1Q

news

Updated:
  • Malaysia's average subsale property price rose 4.8% to RM545,059 in 1Q2026.
  • Kuala Lumpur's average price exceeded RM1 mil, up 15% year-on-year.
  • Most transactions were for homes priced at RM500,000 or below.
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BEDI proposes RM38.82m related-party buy of two Sabah land companies