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IOI Properties to bring Puchong's first international five-star hotel to RM12 bil IOI Rio City

IOI Properties to bring Puchong's first international five-star hotel to RM12 bil IOI Rio City

news

Updated:
  • IOI Properties will open The Westin Puchong, a five-star hotel, by 2030.
  • This hotel strengthens IOI Properties' recurring income strategy and hospitality portfolio.
  • It will be a key anchor for the RM12 bil IOI Rio City development.
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Econpile bags RM39.52 mil subcontract for Jalan Awan Besar commercial development

Econpile bags RM39.52 mil subcontract for Jalan Awan Besar commercial development

news

Updated:
  • Econpile's subsidiary secured a RM39.52 mil subcontract.
  • It involves earthworks, piling, and substructure for a commercial project.
  • The project is scheduled for completion within 15 months from July 29, 2026.
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M40 homeownership falls below B40 as report urges data-driven housing policies

M40 homeownership falls below B40 as report urges data-driven housing policies

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Updated:
  • M40 homeownership in Malaysia fell below that of the lower-income B40 in 2024, despite record overall rates.
  • A study highlights structural weaknesses and a mismatch between housing supply and demand.
  • Experts urge data-driven policies, integrated databases, and better inter-agency coordination.
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Compugates seeks Federal Court leave in Dengkil JV dispute

Compugates seeks Federal Court leave in Dengkil JV dispute

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Updated:
  • Compugates Holdings Bhd seeks Federal Court appeal.
  • Concerns a legal dispute involving its joint venture with Main Uptown Sdn Bhd.
  • The dispute is over a mixed development in Dengkil, Selangor.
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Kerjaya Prospek Property details RM2 bil serviced apartment pipeline, backed by 60-acre landbank

Kerjaya Prospek Property details RM2 bil serviced apartment pipeline, backed by 60-acre landbank

news

Updated:
  • Kerjaya Prospek Property Bhd plans RM2 bil in serviced apartments over two years.
  • Its 60-acre landbank has a RM3.8 bil GDV potential.
  • Recurring income from hospitality and retail boosts earnings.
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Atrium REIT’s 2Q net profit rises on ASA5 and rental step‑ups, declares 2.6 sen distribution

Atrium REIT’s 2Q net profit rises on ASA5 and rental step‑ups, declares 2.6 sen distribution

news

Updated:
  • Atrium REIT reported a 25.1% rise in 2Q net profit to RM7.95 mil.
  • This growth was driven by new tenancies and rental increases.
  • The trust declared a 2.60 sen per unit interim distribution.
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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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Sunway Healthcare buys Iskandar Puteri land for RM45 mil in RPT for Johor expansion

Sunway Healthcare buys Iskandar Puteri land for RM45 mil in RPT for Johor expansion

news

Updated:
  • Sunway Healthcare is buying 9.918 acres in Johor for RM45.37 mil.
  • This expands their hospital network in southern Malaysia.
  • The acquisition will be completed by 2Q2027.
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South Korean K-Test breaks ground on RM200 mil Perak plant, marking first Southeast Asia facility

South Korean K-Test breaks ground on RM200 mil Perak plant, marking first Southeast Asia facility

news

Updated:
  • K-Test is building a US$50 mil semiconductor plant in Perak, Malaysia.
  • This facility will offer wafer and final testing services.
  • It will create 100 jobs and boost Malaysia's semiconductor industry.
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German life sciences firm Eppendorf to invest RM186m to build Penang plant

German life sciences firm Eppendorf to invest RM186m to build Penang plant

news

Updated:
  • Eppendorf will invest €40 mil in its first Southeast Asian manufacturing facility in Penang.
  • The plant will produce lab equipment, creating 130 jobs by 2029.
  • This strengthens Penang's role in advanced manufacturing and life sciences.
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IOI Properties to bring Puchong's first international five-star hotel to RM12 bil IOI Rio City