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Insights and Calculators Edge Reference Price Buy vs Rent calculator Quick Loan Check Credit & Loan Eligibility Report Research Location Scan EdgeProp HomeAdvisor Report Area Outlook Projects Directory Home Services Sell my property Submit home finder request Renovate my property Exclusive Broadband Promo Q&A Legal Q&A with Chris Tan Fengshui Q&A with Dato Joey Yap Guides Buying Renting Selling Home Financing Investing Home Improvement

News by Izzul Ikram

news

Pesona Metro bags RM948m construction job in Cheras

14 February, 2023

Under the turnkey construction agreement signed with property developer Danau Lumayan Sdn Bhd, the project is split into two phases.

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news

Signature International co-founder steps down as CEO

13 February, 2023

“Tan stays on as adviser following his resignation as group CEO to provide guidance to support the continued growth of Signature International.”

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news

UEM Edgenta drops winding-up petition against Ahmad Zaki Resources’ unit

30 January, 2023

... after the pair mutually agreed that AZSB would settle an RM11.05 million outstanding sum by way of 11 monthly instalments.

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news

Kumpulan Jetson to dispose of industrial land in Gombak for RM35 mil

20 January, 2023

Automotive, rail and industrial part maker Kumpulan Jetson Bhd has proposed to dispose of a 1.62-hectare industrial land in Gombak, with a factory complex built on it, for RM35 million.

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news

Axis REIT pays 2.33 sen DPU as 4Q NPI climbs 12.7%; in talks to buy RM120m new assets

20 January, 2023

Axis Real Estate Investment Trust (Axis REIT)’s net property income (NPI) for the fourth quarter ended Dec 31, 2022 (4QFY2022) rose 12.71% to RM61.96 million from RM54.98 million a year ago, on the back of income from new acquisitions, new tenancies from existing properties, and positive rental revisions.

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news

IGB REIT declares 2.46 sen DPU as 4Q NPI climbs amid retail recovery; IGB Commercial REIT pays 1.49 sen as NPI drops

20 January, 2023

IGB Real Estate Investment Trust’s (REIT) net property income (NPI) for the fourth quarter ended Dec 31, 2022 (4QFY2022) rose 12.79% to RM105.64 million from RM93.66 million a year ago, as revenue increased 24.59% to RM148.72 million from RM119.37 million.

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news

Ireka warns of possible losses as it reverses decision to put unit under judicial management

13 January, 2023

Ireka Corp Bhd is giving a profit warning that its financials are expected to be dragged by the huge losses in its wholly-owned unit Ireka Engineering & Construction Sdn Bhd (IECSB) in the current third financial quarter ending March 31, 2023 (3QFY2023).

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news

Only minor rise in Pesona Metro's major shareholders' stake after takeover offer closes; group bags RM349 mil construction job

12 January, 2023

Pesona Metro said its wholly owned subsidiary Pesona Metro Sdn Bhd has secured a contract from property developer Land Market Sdn Bhd to build a two-block 44-storey condominium in Mon't Kiara, Kuala Lumpur.

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news

MR DIY buying foreign worker quarters in related party deal

06 January, 2023

MR DIY Group (M) Bhd is buying 80 units of purpose-built foreign worker quarters in Selangor for RM165,000 each, or a total of RM13.2 million.

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news

Ireka Corp unit's RM163.9 mil hospital extension job terminated

05 January, 2023

Ireka Corp Bhd said the RM163.9 million contract awarded to its unit Ireka Engineering & Construction Sdn Bhd (IECSB) back in end-June 2020 has been terminated.

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