News by M

Lebtech Bhd (KL:LEBTECH) has secured a RM21 million contract to develop 104 units of two-storey terraced houses in Seksyen U13, Shah Alam.

The Eco World Foundation donated a haemodialysis machine worth RM52,000 to the St John Ambulance Malaysia-Kawasan Pantai Selangor Foundation (SJAM-KPS) on Friday (Jan 24).

Loss-making construction company Ecobuilt Holdings Bhd (KL:ECOHLDS) has proposed a share capital reduction to wipe out its accumulated losses, as well as a rights issue to raise fresh capital.

Taghill Holdings Bhd (KL:TAGHILL) said it is not proceeding with a RM38.88 million contract to build a 15-storey columbarium in the city centre due to escalating material costs.

Noteworthy:

• Freehold
• Built-up size: 1,800 sq ft
• Floor level: Mid
• 3 bedrooms, 2 bathrooms
• Fully furnished
• Nearby amenities: TERKL, KLCC Park, Perdana Botanical Gardens, Pavilion KL, Tung Shin Hospital, Raja Chulan monorail station, MRT Bukit Bintang, Central Market, schools
• Accessibility: Jalan Raja Chulan, Jalan Pudu, Jalan Imbi, Jalan Sultan Ismail, MEX, Sungai Besi Expressway, AKLEH, Jalan Ampang, Jalan Tun Razak

When: August 2024

TH Plantations Bhd’s (KL:THPLANT) said its 60%-owned unit TH Pelita Simunjan Sdn Bhd is being sued for RM230.25 million for allegedly trespassing on native land.

Noteworthy:

• Freehold
• Land size: 9,387 sq ft
• Nearby amenities: MRT Semantan, MRT Pusat Bandar Damansara, Pavilion Damansara Heights, DC Mall, The Five @ KPD, Plaza Damansara, schools, HELP University, National Science Museum, KLGCC
• Accessibility: SPRINT - Damansara Link and Kerinchi Link, Jalan Tuanku Abdul Halim, Jalan Semantan, LDP, Jalan Damanlela

When: December 2024

Trinity Pentamont has won the prestigious Silver Award for design excellence (micro scale development) in the compact strata development (Below 20 acres) category at the Malaysian Institute of Planners Planning Excellence Awards (MIPPEA) 2024.

Tropicana Corp Bhd recently took home Gold at the Putra Aria Brand Awards 2024, the third win for the property developer and its second Gold achievement since the award's inception.

The concept of redevelopment where homeowners exchange their present property titles for another future home unit or monetary compensation is not new in Malaysia.