LFE Corp secures contracts worth RM71m for Oasis Ara, Cyberjaya development
The first contract, worth RM30.49 million, was for alteration, underpinning, and structural strengthening works at the proposed Oasis Ara development in Ara Damansara.
Radium cancels joint development of KL land involved in legal dispute
At the time, the land, measuring 40,467 sq m and located in Mukim Petaling, had an estimated value of RM70 million.
Port Klang Free Zone unveils 10-year masterplan with infrastructure improvement, new services
The Port Klang Free Zone (PKFZ) has unveiled the highlights of its PKFZ 2.0 Masterplan, a roadmap aimed at transforming the free zone into a next-generation logistics and industrial ecosystem, integrating sustainability, technology and investor-oriented services to enhance Malaysia’s standing in regional trade and supply chains.
Pavilion REIT's 1Q net property income climbs 5% on stronger rental contribution
Pavilion Real Estate Investment Trust (Pavilion REIT) (KL:PAVREIT) reported a 5% rise in net property income (NPI) to RM142.75 million for the first quarter ended March 31, 2025 (1QFY2025)—from RM136.02 million a year earlier—driven by higher rental income from Pavilion Bukit Jalil and Elite Pavilion Mall.
BNM keeps overnight policy rate steady, flags rising downside risks to growth
Malaysia's central bank has kept the overnight policy rate (OPR) unchanged at 3%, as expected, while flagging rising downside risks to economic growth.
Property managers seek SST exemption on commercial property maintenance fees, sinking funds
The Malaysian Institute of Property and Facility Managers (MIPFM) has submitted a formal appeal to the Ministry of Finance (MOF) and the Royal Malaysian Customs Department to reconsider and exempt maintenance fees and sinking fund contributions for stratified commercial properties from sales and service tax (SST), over a year after its implementation.
Jiankun sues Penang property firm’s directors after failed acquisition, seeks RM12 mil in damages
Jiankun International Bhd (KL:JIANKUN) is taking legal action against two directors of a property developer for failing to complete the share transfer under a RM9.5 million acquisition deal.
Former KL Tower operator plans more legal action over tower's temporary closure
The temporary closure of KL Tower — the first since it began operations — has not calmed the dispute between the government and former operator Menara Kuala Lumpur Sdn Bhd (MKLSB).
Paramount's 70%-owned unit and two others sued over Taman U-Thant land deal
Paramount Corp Bhd (KL:PARAMON) said its 70%-owned unit, Tanah Bayumas Sdn Bhd (TBSB), and two others are being sued over its RM145 million purchase of a luxury condominium site in Taman U-Thant.
Magma’s land buy for a Tioman resort lapses after four years, citing unmet conditions
Magma Group Bhd (KL:MAGMA), formerly known as Impiana Hotels Bhd, announced that its proposed acquisition of five parcels of land in Tioman Island for the development of a resort has lapsed, following the expiry of conditions precedent set out in the sale and purchase agreements (SPAs).
