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Nestcon wins RM243 mil contract from Exsim for Penang serviced apartment project

Nestcon wins RM243 mil contract from Exsim for Penang serviced apartment project

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Updated:
  • Nestcon Bhd secured a RM243 mil contract for a Penang serviced apartment project.
  • Construction for the 57-story building starts in January 2027.
  • This project will positively impact Nestcon's earnings and assets.
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Penang Mutiara Line enters next phase with RM3.03 bil systems contract

Penang Mutiara Line enters next phase with RM3.03 bil systems contract

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Updated:
  • Penang's Mutiara Line metro project advances with a RM3.028 bil railway systems contract.
  • This award to MRCB-Theta Edge JV allows parallel design and construction.
  • MRT Corp said 93% of the land required for the CMC1 package has also been made available.
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E&O eyes KLCC condo redevelopment after Jalan Kia Peng site acquisition

E&O eyes KLCC condo redevelopment after Jalan Kia Peng site acquisition

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Updated:
  • E&O plans to redevelop a 5,682 sq m freehold site near KLCC into a residential project.
  • The existing condo may be demolished, pending approvals.
  • The project is in early stages; details like cost and timeline are not final.
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Hektar REIT secures Bursa approval to issue up to 42.08 million units for proposed school acquisition

Hektar REIT secures Bursa approval to issue up to 42.08 million units for proposed school acquisition

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Updated:
  • Hektar REIT secured approval to list units to partly fund its proposed RM125 mil school acquisition.
  • The deal involves cash and new units for the KYS KL East International School.
  • Hektar REIT will lease the property back to the vendor after acquisition.
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RM687.9 mil Kapar land assembly highlights new playbook for securing large industrial sites

RM687.9 mil Kapar land assembly highlights new playbook for securing large industrial sites

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Updated:
  • WG Malaysia VIII is acquiring about 157 acres of industrial land in Kapar for RM687.89 mil.
  • This involved three separate purchases from different companies.
  • This strategy creates large, contiguous industrial sites from smaller parcels.
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CPE Technology unit acquires RM10 mil Johor industrial property to expand manufacturing

CPE Technology unit acquires RM10 mil Johor industrial property to expand manufacturing

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Updated:
  • CPE Technology is buying a freehold industrial property with an existing factory for RM10 mil cash.
  • This expands manufacturing capacity and supports future growth plans.
  • The acquisition uses IPO proceeds and should boost future earnings.
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Setia Lenscape photography contest offers RM50,000 in prizes for township images

Setia Lenscape photography contest offers RM50,000 in prizes for township images

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Updated:
  • S P Setia is holding a photography contest with a RM50,000 prize pool.
  • It seeks photos of daily life in its townships, open until Oct 31.
  • Held in collaboration with EdgeProp Malaysia as the media partner and UCSI University as the academic partner.
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Boustead targets to grow revenue to RM30 bil in five years

Boustead targets to grow revenue to RM30 bil in five years

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Updated:
  • Boustead Holdings Bhd (BHB) aims for RM30 bil revenue in five years.
  • They will focus on defence, property, and commercial services.
  • BHB plans to develop 400 vendors in the defence industry ecosystem.
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Gamuda lands another hyperscale data centre project in Port Dickson worth RM1.71 bil

Gamuda lands another hyperscale data centre project in Port Dickson worth RM1.71 bil

news

Updated:
  • Gamuda secured a RM1.71 bil contract for a Port Dickson data centre.
  • This is their second such contract in Port Dickson this year.
  • Construction starts in 3Q2026, finishing by 2Q2028.
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217 Kampung Valdor landowners receive approval letters for 99-year leasehold extension

217 Kampung Valdor landowners receive approval letters for 99-year leasehold extension

news

Updated:
  • 217 landowners in Penang received temporary land title approval letters for 99-year leasehold extensions.
  • This improves land ownership security and property values for residents.
  • The initiative aligns with Penang2030 vision and followed resident dialogues.
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