Noteworthy:
April 2025
Luxchem Corp Bhd (KL:LUXCHEM) is acquiring five leasehold industrial lands in Mukim Kapar, Klang, for RM45.59 million in cash, as part of its strategy to optimise surplus cash reserves by investing in income-generating real estate assets.
YNH Property Bhd (KL:YNHPROP) on Tuesday terminated a development agreement with Chin Hin Group Property Bhd (KL:CHGP) for an apartment project in Segambut, Kuala Lumpur, and will instead sell the 6.49-acre parcel to Chin Hin via a direct land deal.
The 30-year-old Sri Penaga Condominium in Bangsar, Kuala Lumpur won gold yet again at The Edge Malaysia Best Managed & Sustainable Property Awards (BMSPA) 2025 under the 10 Years and Above—Multiple-owned Strata Residential category, repeating a similar achievement at the 2018 iteration of the awards.
The court allowed three KL Tower concessionaires—LSH Service Master Sdn Bhd, LSH Best Builders Sdn Bhd, and Service Master (M) Sdn Bhd—to be removed from the suit.
The 15,000 sq ft site marks the brand’s 16th location in Malaysia and can accommodate over 300 members.
DaMai introduces a “parking at your doorstep” concept that allows residents to access their homes directly by car from Levels 4 to 16 via a dedicated speed-ramp system.
These loans were previously provided for PMSB’s working capital and operations, and were funded internally.
Real Estate and Housing Developers’ Association (REHDA) Selangor is optimistic about the introduction of the Streamlining Programme for Expedited Approvals and Decisions (SPEED Selangor).
Radium Development Bhd (KL:RADIUM) has broken ground on Radium Hospital @ Ayer Keroh located in Melaka, marking the developer’s entry into the healthcare sector through its new division, Radium Healthcare.
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