News by M

The first phase of the 26.5-acre KL Wellness City mixed-use development in Bukit Jalil is 40% completed, said KL Wellness City executive director of branding, sales and marketing Datuk Seri Vincent Tiew at a press conference at KL Wellness City Gallery on Monday.

For the nine months ended Sept 30, 2024 (3Q2024), S P Setia Bhd reported a profit before tax (PBT) of RM853 million.

Radium Development Bhd, through its indirect wholly-owned subsidiary Radium J Velodrome Sdn Bhd, has entered into a conditional sale and purchase agreement to acquire three parcels of contiguous leasehold land in Cheras for RM458 million.

IJM Corporation Bhd (KL:IJM) may acquire a 50% stake in financially troubled UK-based construction firm JRL Group, according to multiple news reports.

So, you can’t wait to take vacant possession of your new home. If this is your first home purchase and your investment has been greatly influenced by the developer’s elaborately dressed show unit, brace yourself for the stark reality of owning a bare unit.

The government has increased the rooftop solar capacity by another 300MW for the commercial and industrial segment, and by 50MW for households.

Lagenda Properties Bhd (KL:LAGENDA) said on Friday that an indirectly owned subsidiary of the company has secured the right to develop a 139-acre land in Kota Tinggi, Johor, for RM99.62 million, cash. The final purchase price may still vary.

Vizione Holdings Bhd (KL:VIZIONE) said its unit has served a notice to Inspirasi Langkawi Sdn Bhd to terminate its employment as main contractor for the development of a 14-storey hotel in Langkawi, claiming it had not been properly paid for its works so far.

Loss-making Classita Holdings Bhd (KL:CLASSITA) is mulling diversifying into the property investment business as it foresees growing demand.

Property developer SkyWorld Development Bhd (KL:SKYWLD), which made its Main Market debut in July last year, said it is on target to launch developments with an estimated gross development value of RM4.6 billion by 2026, having achieved RM1.1 billion worth of launches so far.