News by Chelsea J Lim

KSK Land Sdn Bhd has terminated its contract with Grand Dynamic Builders Sdn Bhd (GDBSB), a wholly owned subsidiary of GDB Holdings Bhd, as the main contractor of mixed development 8 Conlay at Jalan Conlay, Kuala Lumpur.

AEON CO (M) Bhd (AEON) have signed a supply agreement for renewable energy (SARE) with Tenaga Nasional Bhd (TNB) and GSPARX Sdn Bhd (GSPARX) for the installation of solar photovoltaic (PV) facilities.

Gentari, through this MOU, will undertake feasibility studies to integrate renewable energy solutions at selected JLG’s assets and industrial parks.

HOMEDEC returned to Penang as it celebrated its 20th anniversary last Friday (April 7) to Sunday at the Setia SPICE Convention Centre. It is scheduled to hold another upcoming exhibition at the Kuala Lumpur Convention Centre from April 28 to May 1.

NCT Group of Companies has achieved a booking rate of 40% for Phase One of the NCT Smart Industrial Park (NSIP) since its launch last year, according to NCT Group founder and group managing director Datuk Seri Yap Ngan Choy at the development's groundbreaking ceremony on Friday (April 7).

Leong stated that the collaboration with CECC will help Chinese investors understand Malaysia’s real estate and manufacturing industry as well as the government’s policies better.

PPB Properties has unveiled the Lumina Bedong township development in Bedong, Kedah. The township has an estimated gross development value of RM900 million and is expected to complete by 2035.

Encorp Bhd has received a take-up rate of 70% for Iris, the second property launch for the Encorp Cahaya Alam township in Shah Alam. Following the good response, the developer is also eyeing to launch its final phase, Akasia 2, in this quarter.

During the State Legislative Assembly sitting on Monday (Dec 6), Sabah Chief Minister Datuk Seri Hajiji Noor said that the redevelopment will consist of hotels, resorts, residential and commercial areas equipped with parks and recreational areas.

The National Property Information Centre (Napic) has recently published a report on Nov 25 which shows that there were 30,290 unsold completed residential units worth RM19.75 bil as of September 2021 with 18,829 units are high-rise units and the remaining 6,803 units are of terrace houses. There were 30,926 units worth RM19.99 bil in the previous corresponding period.