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AME REIT 1Q net income rises on new properties, declares 2.15 sen distribution

AME REIT 1Q net income rises on new properties, declares 2.15 sen distribution

news

Updated:
  • AME REIT's net income rose 11% to RM10.23 mil in 1QFY2027.
  • Revenue increased by 17.7%, driven by new acquisitions and higher rental rates.
  • The REIT declared an interim income distribution of 2.15 sen per unit.
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Hero Market set to anchor Masteron’s 20.97-acre VTown in PJ

Hero Market set to anchor Masteron’s 20.97-acre VTown in PJ

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Updated:
  • Masteron Sdn Bhd signed an MoU with Hero Market for a new anchor store at VTown.
  • The 20,000 sq ft Hero Market will open in 2028, featuring a large fresh-market section.
  • VTown is a mixed development with residential, retail, and lifestyle components.
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BEDI seeks nod for RM38.87m Sabah acquisitions with RM1.13b remaining GDV

BEDI seeks nod for RM38.87m Sabah acquisitions with RM1.13b remaining GDV

news

Updated:
  • BEDI Bhd seeks approval to acquire two Sabah developers for RM38.87 mil.
  • This adds RM1.13 bil in GDV to its pipeline.
  • The acquisitions are fair, but will increase BEDI's gearing.
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YNH extends conditional period for RM170m Sri Hartamas land sale to Dec 31

YNH extends conditional period for RM170m Sri Hartamas land sale to Dec 31

news

Updated:
  • YNH Property Bhd extended its land sale to Sunway Living Space until Dec 31, 2026.
  • This is the sixth extension for the RM170 mil deal.
  • Unfulfilled conditions could lead to agreement termination.
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PTT Synergy to acquire 3.925ha Penang land for RM62.53m

PTT Synergy to acquire 3.925ha Penang land for RM62.53m

news

Updated:
  • PTT Synergy Group Bhd is acquiring 9.70 acres of land in Penang for RM62.53 mil.
  • This purchase will support future development and business expansion plans.
  • The acquisition is expected to be completed by the first quarter of 2027.
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Another property management law? Fix the gaps, don't duplicate the regulator

Another property management law? Fix the gaps, don't duplicate the regulator

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Updated:
  • The answer to poor management should not automatically be another Act or another registration regime.
  • Existing laws and bodies already regulate property management effectively.
  • A new act risks duplication and confusion without clear regulatory gaps.
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ISW 2026: What Malaysia can learn from Hong Kong’s green-building push

ISW 2026: What Malaysia can learn from Hong Kong’s green-building push

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Updated:
  • Malaysia can learn from Hong Kong's green building incentives.
  • Hong Kong aligns regulations with commercial benefits for sustainability.
  • This approach makes green practices financially sensible for developers.
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PPK Malaysia confers Legacy Awards to shopping mall veterans

PPK Malaysia confers Legacy Awards to shopping mall veterans

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Updated:
  • PPK Malaysia honored advisors with Legacy Awards for their industry contributions.
  • These awards recognise pioneers in Malaysia's shopping mall sector.
  • The awards celebrate leadership, innovation, and advocacy in the industry.
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KLK Land opens 21-acre Coalfields Retail Park with 90% occupancy

KLK Land opens 21-acre Coalfields Retail Park with 90% occupancy

news

Updated:
  • KLK Land opened Coalfields Retail Park in Selangor with 90% occupancy.
  • This 21-acre project is KLK Land's first retail development.
  • It features over 100 brands and expects five million annual visitors.
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UDA’s Heritage Valley KL records RM4.6m sales in first year

UDA’s Heritage Valley KL records RM4.6m sales in first year

news

Updated:
  • UDA Holdings Bhd's Heritage Valley Kuala Lumpur generated over RM4.6 mil in its first year.
  • The hub, costing RM9.7 mil, supports over 500 entrepreneurs.
  • It transforms underutilised spaces into commercial opportunities for small businesses.
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AME REIT 1Q net income rises on new properties, declares 2.15 sen distribution