News by M

Ivory Properties Group Bhd has revoked its earlier agreements to sell a parcel of freehold land in Penang, after its subsidiary, Ivory Gleneary Sdn Bhd (IGSB) entered creditors’ voluntary liquidation.

Bina Puri Holdings Bhd (KL:BPURI) announced on Wednesday the retirement of its founder director Dr Tan Cheng Kiat, and deputy executive chairman Tan Sri Tee Hock Seng, from its board.

CapitaLand Malaysia Trust (KL:CLMT) started financial year 2025 with a 9.6% year-on-year increase in first-quarter net property income (NPI), boosted by higher revenue from most properties, strong retail rental growth, and income from the fully occupied Glenmarie Distribution Centre after its upgrade.

The Kuala Lumpur Tower debacle involving its past and present concessionaires has taken another turn, as the Ministry of Communications deemed Menara Kuala Lumpur Sdn Bhd’s (MKLSB) occupation of the premises after March 31 as “unlawful”.

Hextar Technologies Solutions Bhd (KL:HEXTECH) said the group is selling a three-acre industrial land together with a warehouse and office building in Pasir Gudang, Johor, for RM16 million.

SkyWorld Development Bhd (KL:SKYWLD) is acquiring a freehold plot in Mont’Kiara measuring 3.032 acres for RM110 million, to develop high-end residential properties.

Native Customary Rights (NCR) land under dispute or involved in court proceedings will not be subject to surveying, said Sarawak Deputy Premier Datuk Amar Awang Tengah Ali Hasan.

Noteworthy:
● Freehold
● Built-up size: 5,500 sq ft
● Land size: 11,100 sq ft
● Unfurnished
● 6 bedrooms, 4 bathrooms
● Nearby amenities: Pavilion Damansara Heights, Kuala Lumpur Golf & Country Club, KPJ Damansara Specialist Hospital, HELP University
● Accessibility: SPRINT-Damansara and Kerinchi Links, LDP, Jalan Duta, Jalan Damansara

When: February 2025

EdgeProp is bringing conversations on housing, money, and modern city life to the forefront with Roots, Roofs and Money Moves, a two-day youth-focused event under Youth Fest, happening on the week end of April 19 and 20 at APW Bangsar.

PropNex Cheras Xpo 2025 attracted around 3,000 participants who attended the event to gain insights from industry experts.