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Construction sector valuation improves on easing Iran war risks, job acceleration — HLIB

Construction sector valuation improves on easing Iran war risks, job acceleration — HLIB

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Updated:
  • Construction sector valuations are improving due to easing Iran war tensions.
  • Input costs are retreating, boosting developer confidence for new projects.
  • HLIB maintains an 'overweight' stance, expecting accelerated job flows.
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Sime Darby Property buys Wisma Unirazak for RM160 mil, plans mixed-use project

Sime Darby Property buys Wisma Unirazak for RM160 mil, plans mixed-use project

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Updated:
  • Sime Darby Property will acquire Wisma Unirazak for RM160 mil from PNB.
  • This related-party deal involves a 15-storey office building for redevelopment.
  • The property is proposed to be redeveloped into serviced apartments with commercial components.
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Sime Darby Property records 85% take-up for Tiara Residences 1 launch in Bukit Jelutong

Sime Darby Property records 85% take-up for Tiara Residences 1 launch in Bukit Jelutong

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Updated:
  • Sime Darby Property launched Tiara Residences 1, achieving an 85% take-up rate.
  • This project offers 59 homes with green spaces and biophilic designs.
  • Future phases and sustainable features are planned for this connected township.
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Berjaya Property enters RM813.35 mil tyre manufacturing JV with Wanli subsidiary

Berjaya Property enters RM813.35 mil tyre manufacturing JV with Wanli subsidiary

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Updated:
  • Berjaya Property and Trusmax Investment formed a JV for automotive tyre manufacturing in Malaysia.
  • Trusmax, a Wanli Tire subsidiary, will hold 70% of the JV.
  • The project involves a 67.90-acre land transfer and RM1.30 bil development cost.
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AI land rush: DayOne's 157-acre Kapar play signals data centre shift towards Klang Valley

AI land rush: DayOne's 157-acre Kapar play signals data centre shift towards Klang Valley

news

Updated:
  • DayOne Data Centers plans to acquire 157 acres in Kapar, Klang for RM687.89 mil.
  • This acquisition from three listed companies will create a large data centre campus.
  • The deal, pending shareholder approval, marks DayOne's expansion into Klang Valley.
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Ascott opens first HARRIS hotel in Malaysia at Penang’s Sunshine Central

Ascott opens first HARRIS hotel in Malaysia at Penang’s Sunshine Central

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Updated:
  • Ascott launched HARRIS Hotel & Conventions Sunshine Penang, introducing the brand to Malaysia.
  • This midscale hotel offers family-friendly amenities and integrated retail access.
  • It expands Penang's MICE segment with accommodation and convention facilities.
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PM: Govt committed to civil servants’ affordable housing programme

PM: Govt committed to civil servants’ affordable housing programme

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Updated:
  • The government prioritises affordable housing for civil servants.
  • They will use idle government land for new projects.
  • 1,700 units of low-cost housing have been approved and under construction in Johor.
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PM vows to resolve Felda second-generation housing issue

PM vows to resolve Felda second-generation housing issue

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Updated:
  • PM Anwar Ibrahim pledged to resolve housing issues for Felda settlers' second generation.
  • This requires state government cooperation due to land and infrastructure jurisdiction.
  • He will meet with state leaders to facilitate these housing projects.
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Radium MD’s brother Gan Yu Chai emerges as substantial shareholder

Radium MD’s brother Gan Yu Chai emerges as substantial shareholder

news

Updated:
  • Tan Sri Gan Yu Chai is now a substantial shareholder in Radium Development Bhd.
  • He acquired 2.833% of Radium shares, increasing his stake to 5.624%.
  • This acquisition involved a direct business transaction and open market purchases.
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