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Hextar Global makes property debut with RM3.8b Siera Alam township JV

Hextar Global makes property debut with RM3.8b Siera Alam township JV

news

Updated:
  • Hextar Global is entering property development via a JV with PKNS for a RM3.8 bil township.
  • The JV, Hextar Siera, will acquire 240.39 acres in Shah Alam for RM270 mil cash.
  • Shareholder approval is needed for this diversification and land acquisition.
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National Housing Policy: bold vision needs build-then-sell

National Housing Policy: bold vision needs build-then-sell

news

Updated:
  • Malaysia's new housing policy aims for zero abandoned projects by 2030.
  • It introduces digital tools and improved monitoring to achieve this goal.
  • Is the government prepared to establish a practical, phased pathway for wider adoption of build-then-sell?
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Intuitive’s Penang manufacturing push deepens state’s medtech base

Intuitive’s Penang manufacturing push deepens state’s medtech base

news

Updated:
  • Intuitive plans a US$500 mil manufacturing facility in Penang, Malaysia.
  • It will produce surgical instruments for the da Vinci system, starting in 2028.
  • This expansion aims to meet Asia Pacific demand and create 1,200 skilled jobs.
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DPS, China Energy unit explore Melaka data centre, power projects

DPS, China Energy unit explore Melaka data centre, power projects

news

Updated:
  • DPS Resources Bhd signed an MoU with CEIG to explore data centre and infrastructure projects in Melaka.
  • The collaboration focuses on two sites, Lendu and Bukit Rambai, for data centres and energy solutions.
  • This non-binding agreement aims to create an integrated, self-sustaining data centre ecosystem.
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Kota Bharu-Gombak ECRL: Loke aims to expedite start of operations to December

Kota Bharu-Gombak ECRL: Loke aims to expedite start of operations to December

news

Updated:
  • The ECRL Phase 1 aims to start operations by December, ahead of schedule.
  • This depends on smooth testing and commissioning processes.
  • Safety remains the top priority despite the accelerated timeline.
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SCIB’s Dimpoukon Residence co-development becomes unconditional

SCIB’s Dimpoukon Residence co-development becomes unconditional

news

Updated:
  • SCIB's co-development deal for Dimpoukon Residence is now unconditional.
  • SCIB said IWSB had obtained the necessary approval from the Sabah Land and Surveys Department.
  • The project is expected to finish by February 2029.
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Fare for LRT3 Shah Alam line comes into effect tomorrow

Fare for LRT3 Shah Alam line comes into effect tomorrow

news

Updated:
  • LRT3 Shah Alam line fares begin tomorrow, Aug 15.
  • This includes shuttle buses and Park N' Ride services.
  • Rapid KL thanks users and advises preparing fare cards.
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Semantan valuer: Govt valuation for 1956 compensation is flawed

Semantan valuer: Govt valuation for 1956 compensation is flawed

news

Updated:
  • A valuer testified that the govt's assessment of the 263.272-acre 'Duta enclave' land was flawed.
  • Foo Gee Jen, 63 argued against using historical reports for valuation.
  • He added the government valuer's statements lacked independent verification.
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Magna Prima sets 1H2027 target for RM700m restructuring of 8 Conlay

Magna Prima sets 1H2027 target for RM700m restructuring of 8 Conlay

news

Updated:
  • Magna Prima's unit will complete the stalled 8 Conlay project.
  • This RM700 mil deal involves issuing loan securities.
  • The project is expected to finish by mid-2027.
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Green Garden Flats residents object to COB-appointed management company

Green Garden Flats residents object to COB-appointed management company

news

Updated:
  • A management dispute arose after a new company was appointed to manage Green Garden Flats.
  • Residents and the current manager object, citing lack of consultation.
  • Green Garden Flats has an estimated occupancy rate of 70% and more than 9,000 residents.
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