News by M

Plastic products manufacturer Scientex Bhd is set to acquire land in Batang Berjuntai, Kuala Selangor, for a total of RM335.68 million to enhance its property development land bank.

Sustainability is the way forward for the property sector as highlighted by KSI Strategic Institute For Asia Pacific economic adviser Dr Anthony Dass at the second day of Malaysian Annual Real Estate Convention (MAREC) 2024 today.

The Urban Redevelopment Act is being drafted and once the Act is in force, there are 139 potential redevelopment sites within Kuala Lumpur that developers can bid for, according to Housing and Local Government Minister Nga Kor Ming.

The legal dispute between Star Media Group Bhd and JAKS Resources Bhd on the development of a parcel of land in Section 13, Petaling Jaya, has been reverted back to the High Court for trial.

Property developer Exsim Group's founders, the Lim brothers, are acquiring a 65.9% stake in Pan Malaysia Holdings Bhd (PM Holdings) from three companies linked to prominent businessman Tan Sri Khoo Kay Peng for RM36.73 million or six sen a share.

According to Malaysian think tank, The Centre, 73.19% of women prefer to buy homes or continue living in their own properties versus 70.14% of men. 

Malaysia’s central bank on Thursday kept the benchmark interest rates unchanged, as widely expected, citing improving economic growth and moderating inflation.

The first phase of IJM Land Bhd’s two-storey terraced development, named Sutera, in Seremban 2 (S2) Heights Aman has been 70% taken up since its launch on Feb 25, according to a press release on Thursday.

Rapid bus and rail service users in Klang Valley will soon have the option to pay fares using methods other than Touch 'n Go (TNG), as the government aims to expand cashless payment options.

Construction company Lim Seong Hai Capital Bhd (LSH) said on Wednesday it is proposing a public offering which could potentially raise RM168.08 million as part of its listing transfer to the ACE Market from the LEAP Market.