News by M

The Malaysian property market exhibited mixed signals in the first half of 2024 (1H2024).

IOI Properties Group Bhd (KL:IOIPG) is going to launch its IOI Industrial Park at Banting, Selangor by the second quarter of next year and is planning another one in Melaka that is expected to be launched two quarters later.

The Federal Territory of Kuala Lumpur Land Registrar has been granted a stay by the High Court on Thursday from registering a 263.27-acre plot of land in the ‘Duta enclave’ to the liquidator of Semantan Estate (1952) Sdn Bhd.

Hextar Technologies Solutions Bhd (KL:HEXTECH) is in exclusive talks with Widad Group Bhd (KL:WIDAD) to dispose of five adjoining plots of vacant industrial land in Negeri Sembilan at a yet-to-be-determined price.

Citaglobal Bhd (KL:CITAGLB) has bagged two construction jobs worth RM50.95 million, including one related to the Kuching Urban Transportation System.

Johor-based KSW Group's The Commune Lifestyle Mall, located in Kulai, Johor, opened its doors to the public through an opening ceremony on Tuesday (Sept 10), according to a press statement issued on the same day.

“Our business is performing exceptionally well and we are seeing strong results. Our shareholders are satisfied with our progress and the direction we are taking.”

Noteworthy:

• Freehold
• Built-up size: 1,802 sq ft
• Floor level: High
• 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
• Accessibility: Jalan Raja Chulan, Jalan Pudu, Jalan Imbi, Jalan Sultan Ismail, MEX, Sungai Besi Expressway, AKLEH, Jalan Ampang, Jalan Tun Razak

When: June 2024

Sabah-based port operator Suria Capital Holdings Bhd (KL:SURIA) said it has signed a new joint development agreement (JDA) to formalise the development of a mixed commercial project within the Kota Kinabalu port area.

Some unique features of this hotel include a "runway suite" that offers views of the runway, steam bath facilities, as well as a business club that offers meeting rooms, conference rooms and event space.