Daily Digest · Monday, 14 September 2026· Updated: about 9 hours ago
LSH Capital gets approval in principle for RM1.75b expressway; AME Elite proposes RM199.84m Johor land purchase
LSH Capital receives Cabinet approval in principle for the proposed Bandar Malaysia-Seri Kembangan Expressway, while AME Elite expands its Johor-Singapore Special Economic Zone land bank through a proposed 176.45-acre Pontian acquisition.
Quick takes
- KLK Land Sdn Bhd opened the 21-acre Coalfields Retail Park in Bandar Seri Coalfields, Selangor, on Sept 11 with 90% retail occupancy secured. It is the developer's first retail project.
- Vendors at UDA Holdings Bhd's Heritage Valley Kuala Lumpur generated more than RM4.6 mil in cumulative sales, while the hub benefited more than 500 entrepreneurs in its first 12 months of operation.
- Masteron Sdn Bhd signed a memorandum of understanding with Hero Market for the supermarket to anchor VTown, its 20.97-acre mixed development in Petaling Jaya. The outlet is targeted to open in 2028.
LSH Capital gets approval in principle for RM1.75b expressway
Lim Seong Hai Capital Bhd said the Cabinet has agreed in principle to the proposed 8.2km Bandar Malaysia-Seri Kembangan Expressway (BSE), an elevated toll road linking Bandar Malaysia in southern Kuala Lumpur with Seri Kembangan, Selangor.
In a Bursa Malaysia filing on Thursday (Sept 10), LSH Capital said the Ministry of Works had formally confirmed the Cabinet's decision. Works Minister Datuk Seri Alexander Nanta Linggi had announced the approval in principle on Aug 28. The proposed expressway has an estimated construction cost of RM1.75 bil, excluding sales and service tax, and would be implemented under a proposed 60-year build-operate-transfer concession, including four years for construction.
LSH Capital's wholly owned LSH Infra Sdn Bhd and Pertama Makmur Sdn Bhd would undertake the project through an equally owned special purpose vehicle. The proposed route would connect with the Setiawangsa-Pantai Expressway, Maju Expressway and North-South Expressway.
Why it matters
The approval advances the proposed connection between Bandar Malaysia and Seri Kembangan, but it is not a final concession award. The government is not obliged to proceed, while technical and financial studies and negotiations on the concession agreement remain outstanding.
AME Elite proposes to buy 176.45 acres in Pontian for RM199.84m
AME Elite Consortium Bhd is proposing to acquire 176.45 acres of freehold land in Pontian, Johor, for RM199.84 mil cash, expanding its land bank within the Johor-Singapore Special Economic Zone (JS-SEZ).
In a Bursa Malaysia filing on Thursday (Sept 10), AME Elite said its wholly owned subsidiaries Pulai Land West Sdn Bhd and Pulai Land East Sdn Bhd entered into four conditional sale and purchase agreements covering 28 parcels in Mukim Jeram Batu. The vendors are Hak Soon Seng Plantation (M) Sdn Bhd, Jumbo Orchids Sdn Bhd and Asia Bricks (M) Sdn Bhd. The land, along Jalan Ulu Pulai, is intended for industrial development.
The site is about 9km from the Malaysia-Singapore Second Link Expressway and 26km from Singapore's Tuas checkpoints. The RM199.84 mil purchase price is marginally below the RM200 mil market value assessed by Knight Frank Malaysia Sdn Bhd in a valuation dated Sept 8.
Why it matters
The proposed acquisition adds a sizeable freehold site to AME Elite's industrial land bank in the JS-SEZ and provides a current transaction reference for industrial land near the Second Link. Detailed development plans, project timing, GDV and expected profitability have yet to be disclosed.
Also on the radar today
Chin Hin Property's Kota Damansara acquisition becomes unconditional
Chin Hin Group Property Bhd's RM66 mil acquisition of an industrial property in Kota Damansara became unconditional on Sept 10 after all conditions precedent under the sale and purchase agreement were fulfilled. The group plans to redevelop the site into The NeX, an integrated industrial-commercial hub.
Country Heights properties face RM207.77m auctions
Two properties held by wholly owned subsidiaries of Country Heights Holdings Bhd are scheduled for judicial auctions with combined reserve prices of RM207.77 mil. The Mines Waterfront Business Park in Petaling carries a RM152.77 mil reserve price for a Nov 4 auction, while a 6.41-acre freehold commercial parcel in Country Heights, Kajang, carries a RM55 mil reserve price for auction on Sept 21.
Southern Score Builders accepts RM180m hospital contract
Southern Score Builders Bhd's wholly owned subsidiary Southern Score Builders Sdn Bhd accepted a RM180 mil letter of award from Radium Hospital Ayer Keroh Sdn Bhd for the main building works of a private hospital development in Mukim Bukit Katil, Melaka Tengah. The development includes a seven-storey hospital, a three-storey car park, utility facilities and supporting works. Works are scheduled to begin on Oct 15.
Today's roundup
Today's edition includes four material corporate disclosures dated Sept 10 that were not carried in the Sept 11 edition: LSH Capital's proposed RM1.75 bil Bandar Malaysia-Seri Kembangan Expressway, AME Elite's RM199.84 mil Pontian land acquisition, Chin Hin Group Property's Kota Damansara transaction and Country Heights Holdings' judicial auctions. They are included today because they remain material to the property sector and have not previously appeared in the Daily Digest. Southern Score Builders' RM180 mil Melaka hospital contract, announced on Sept 11, is also included on today's radar. A review of Bursa Malaysia announcements over the weekend and early Monday did not identify additional property-related disclosures of comparable significance at the time this edition was prepared.
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