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UDA expands Penang wakaf project with 410-unit Amaanee Residences

UDA expands Penang wakaf project with 410-unit Amaanee Residences

news

Updated:
  • UDA Holdings launched Amaanee Residences, a 410-unit apartment project in Penang.
  • The phased redevelopment of the Wakaf Seetee Aisah site has increased the wakaf land's value.
  • Units start from RM299,991 with completion by 2027.
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New 26-storey condominium proposed opposite Penang’s Gurney Paragon Mall

New 26-storey condominium proposed opposite Penang’s Gurney Paragon Mall

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Updated:
  • A 26-story condo is planned for Jalan Kelawai, Penang.
  • It will have 50 units and a 6-storey parking podium.
  • Details like developer and pricing are not yet public.
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Penang targets October to gazette Seberang Perai 2030 local land-use plan

Penang targets October to gazette Seberang Perai 2030 local land-use plan

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Updated:
  • Penang will gazette its Seberang Perai Local Plan 2030 by October.
  • This plan formalises land-use and development decisions for the mainland.
  • Rezoning applications will follow a structured, statutory process.
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Tropicana trains staff to counter greenwashing as ESG scrutiny grows

Tropicana trains staff to counter greenwashing as ESG scrutiny grows

news

Updated:
  • Tropicana Corp Bhd held an anti-greenwashing workshop for employees.
  • It aimed to strengthen ESG communication credibility.
  • The session focused on avoiding misleading sustainability claims.
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Melaka-based developer Parkland files for Main Market IPO

Melaka-based developer Parkland files for Main Market IPO

news

Updated:
  • Parkland Bhd seeks a Main Market listing to fund land acquisitions and shareholder payouts.
  • They plan to develop a 248-acre Johor site into a commercial and industrial hub.
  • Parkland, founded by industry veteran Datuk Tan See Sen, currently has nine ongoing projects.
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YNH Property expects RM305.9 mil net gain from Jalan Sultan Ismail land sale

YNH Property expects RM305.9 mil net gain from Jalan Sultan Ismail land sale

news

Updated:
  • YNH Property Bhd disclosed details on its RM455 mil land disposal.
  • The property's market value is RM500 mil, with a net book value of RM77.54 mil.
  • This sale is expected to generate a pro forma gain of RM305.93 mil for YNHP.
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LSH Capital signs RM197.9 mil land deal with RAC for RM1.91 bil Subang Jaya project

LSH Capital signs RM197.9 mil land deal with RAC for RM1.91 bil Subang Jaya project

news

Updated:
  • LSH Capital will acquire 17.4 acres of land in Selangor for RM197.9 mil.
  • They plan a mixed-use project with a RM1.91 bil GDV.
  • This expands their landbank and leverages transit-oriented development.
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Citaglobal extends deadline for Zeqna, Koridor Mentari stake acquisitions

Citaglobal extends deadline for Zeqna, Koridor Mentari stake acquisitions

news

Updated:
  • Citaglobal extended its acquisition deadline for 70% stakes in Zeqna and Koridor Mentari by one month.
  • The deadline has been extended from July 11 to Aug 10, 2026.
  • The proposed acquisitions were first announced on Aug 11, 2025 and involve Citaglobal Renewable Energy.
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Berjaya Property details RM1.30 bil funding breakdown for tyre manufacturing plant

Berjaya Property details RM1.30 bil funding breakdown for tyre manufacturing plant

news

Updated:
  • Berjaya Property Bhd detailed its RM1.3 bil tyre manufacturing JV funding.
  • Site and land costs of RM60 mil will be borne by Alam Baiduri Sdn Bhd.
  • Equipment procurement and installation is the largest cost at RM740.64 mil.
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Talam Transform shareholders reject all 14 resolutions to block board changes

Talam Transform shareholders reject all 14 resolutions to block board changes

news

Updated:
  • Talam Transform Bhd shareholders rejected all 14 resolutions at an EGM.
  • This blocked all proposed board changes.
  • Each resolution was rejected by about 67.5% of voted shares.
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UDA expands Penang wakaf project with 410-unit Amaanee Residences