News by EdgeProp.my

UOA Development Bhd (UOA Development) has mutually terminated a shareholders' agreement entered into with Care Concierge Care Centre Sdn Bhd (CCCC) for a managed care services venture at its Komune Living and Wellness Centre commercial building in Cheras, with effect from last Friday (April 17).

IOI Properties Group Bhd (IOI Properties) last Friday announced that it will acquire CapitaLand Integrated Commercial Trust’s (CICT) 100% interest in Asia Square Tower 2 (AST2), a premium Grade A office asset located in the heart of Singapore’s Marina Bay financial district, for an agreed property value of S$2.476 billion (RM7.71 billion). 

Newer, smarter and more efficient developments have entered the market, gradually resetting expectations — from tenant requirements to building design and performance standards.

Exsim Hospitality Bhd's (EHB) wholly-owned subsidiary Exsim Concepto Sdn Bhd (ECSB) has accepted a letter of award from Binastra Builders Sdn Bhd (BBSB) for nominated sub-contract works valued at RM138 million.

WTEC Group Bhd's wholly-owned subsidiary WTEC Sdn Bhd has entered into a letter of offer to purchase a detached factory with office in Bandar Rinching, Semenyih, Selangor for a total consideration of RM10.80 million cash.

Sunway Construction Group Bhd (SunCon) has secured a RM1.75 billion contract to construct a hyperscale data centre in Bandar Serendah, Selangor, awarded by an international hyperscaler.

TSiC Bhd's wholly-owned subsidiary BPE Synergy Engineering Sdn Bhd has secured a further extension to complete its proposed acquisition of two parcels of industrial land in Taman Perindustrian Bukit Rambai, Melaka, for a total cash consideration of RM1.35 million.

Gamuda Bhd's wholly-owned subsidiary Gamuda Engineering Sdn Bhd (GESB) has been awarded a RM1.72 billion contract to construct a hyperscale data centre in Port Dickson, Negeri Sembilan, by a multinational technology company headquartered in the United States.

The Royal Institution of Surveyors Malaysia (RISM) will convene its 33rd National Real Estate Convention (NREC) on Tuesday (April 21) at the KLGCC Convention Centre (Sime Darby Convention Centre), Kuala Lumpur, under the theme "From Land to Cloud: New Blueprint for the Property Industry".

Malaysia's short-term rental sector is expected to expand over the next five years, driven by regulatory clarity, tourism recovery, and rising supply, though industry players warn that competition will intensify.