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Magma completes estimated RM63m sale of 20% Impiana KLCC Hotel stake

Magma completes estimated RM63m sale of 20% Impiana KLCC Hotel stake

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Updated:
  • Magma Group Bhd sold its 20% stake in Impiana KLCC Hotel for RM63 mil cash.
  • This disposal allows Magma to exit a non-core asset and improve its financial standing.
  • The proceeds will repay debt and fund other business investments.
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Nuvah targets November start for 3D-printed bungalow

Nuvah targets November start for 3D-printed bungalow

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Updated:
  • Nuvah plans Malaysia's first 3D-printed luxury bungalow, Villa Bayu, starting construction in November.
  • Nuvah said it uses V3D Asia's gantry-based concrete-printing system.
  • The company aims to develop local 3D construction printing capabilities and workforce in Malaysia.
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TRX: Over 85% of office supply committed as Menara Ethos to add 808,000 sq ft

TRX: Over 85% of office supply committed as Menara Ethos to add 808,000 sq ft

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Updated:
  • TRX City reports over 85% of office supply is committed.
  • Menara Ethos, a new 41-story office tower, will add 808,000 sq ft.
  • Construction starts December 2026, with PwC Malaysia as a key tenant.
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Exsim Hospitality unit gets RM7.35m related-party contract

Exsim Hospitality unit gets RM7.35m related-party contract

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Updated:
  • Exsim Hospitality Bhd's subsidiary secured a RM7.35 mil contract.
  • It's for a two-story temporary sales gallery in Kuala Lumpur.
  • The project starts Sept 7 and finishes March 6, 2027.
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Chin Hin Group Property tops out Ayanna Resort Residences, targets 2Q2027 handover

Chin Hin Group Property tops out Ayanna Resort Residences, targets 2Q2027 handover

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Updated:
  • Chin Hin Group Property Bhd topped out Ayanna Resort Residences in Bukit Jalil.
  • This RM732.1 mil project has achieved an impressive 95% take-up rate.
  • Handover is targeted for the second quarter of 2027.
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KPKT first ministry to receive GreenRE Gold Rating

KPKT first ministry to receive GreenRE Gold Rating

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Updated:
  • KPKT the first ministry in Malaysia to receive a GreenRE Gold Rating for an existing non-residential building.
  • This reflects KPKT's commitment to energy efficiency and sustainable practices.
  • KPKT aims for a Platinum Rating and will promote green building adoption.
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Govt valuer: RM1.39 mil compensation for 'Duta Enclave' in 1956 more than adequate

Govt valuer: RM1.39 mil compensation for 'Duta Enclave' in 1956 more than adequate

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Updated:
  • A government officer testified that the RM1.39 mil compensation for land acquisition was adequate.
  • He argued that the company's valuation was flawed, using inappropriate comparable properties.
  • The court must determine the 1956 market value for the acquired land.
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Malaysia emerging as student housing investment market — JLL

Malaysia emerging as student housing investment market — JLL

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Updated:
  • Malaysia is an emerging market for student housing investment, attracting capital beyond Australia.
  • Its location, English education, and cost-effectiveness appeal to students from various regions.
  • However, detailed data on Malaysia's student housing market is currently limited.
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Sapura Industrial proposes RM42.33m sale of 10.12-acre Bangi industrial land

Sapura Industrial proposes RM42.33m sale of 10.12-acre Bangi industrial land

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Updated:
  • Sapura Industrial Bhd plans to sell two industrial land parcels for RM42.33 mil cash.
  • This sale is expected to generate a pro forma gain of about RM29.14 mil.
  • The proceeds will fund expansion and working capital, not a separate JV financial assistance.
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Sunway MCL targets ‘a few’ Singapore land parcels a year as development pipeline grows

Sunway MCL targets ‘a few’ Singapore land parcels a year as development pipeline grows

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Updated:
  • Sunway MCL aims to acquire several land parcels annually in Singapore.
  • They seek opportunities across segments, focusing on location and value.
  • This expansion follows Sunway's acquisition of MCL Land last year.
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