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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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Experts call for greater local gains from data centre growth

Experts call for greater local gains from data centre growth

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Updated:
  • Malaysia aims for data centre expansion to build local capabilities, not just capacity.
  • Mida emphasises lasting value, stronger businesses, and local opportunities.
  • The focus is on sustainable industry growth and high-value employment for Malaysians.
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Rehda inks MoUs with MGTC, MCMA to advance sustainable property development

Rehda inks MoUs with MGTC, MCMA to advance sustainable property development

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Updated:
  • Rehda signed MoUs with MGTC and MCMA.
  • These agreements promote sustainable property development and carbon market understanding.
  • The goal is to integrate green tech and ESG practices in real estate.
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IJM Land unveils 145-unit Merione Residences in Penang

IJM Land unveils 145-unit Merione Residences in Penang

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Updated:
  • IJM Land Bhd launched Merione Residences, a 145-unit project in Penang.
  • It follows the full take-up of commercial units at Merione Grand.
  • The development offers various amenities and future transport links.
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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

news

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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Citaglobal unit wins RM82.1m subcontract for IPG residential college

Citaglobal unit wins RM82.1m subcontract for IPG residential college

news

Updated:
  • Citaglobal Land secured an RM82.12 mil subcontract for a college in KL.
  • The project involves designing and building a new residential college.
  • This 22-month project boosts Citaglobal's order book to RM1.5 bil.
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Southern Score Builders wins RM180m Melaka hospital job

Southern Score Builders wins RM180m Melaka hospital job

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Updated:
  • Southern Score Builders' subsidiary secured a RM180 mil contract for a Melaka hospital.
  • Construction starts Oct 2026, finishing May 2028.
  • This project will boost the group's earnings and net assets.
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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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Another property management law? Fix the gaps, don't duplicate the regulator

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

news

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