News by M

“As land in Klang Valley becomes scarcer, investors and business owners should seize the opportunity to buy industrial property as soon as possible to avoid future business expansion costs,” said The Roof Realty Sdn Bhd senior negotiator KC Lim.

Al-Aqar Healthcare Real Estate Investment Trust (Al-Aqar REIT) (KL:ALAQAR) reported a 3.7% decline in net income to RM15.80 million for the first quarter ended March 31, 2025 (1QFY2025), compared to RM16.41 million in the same period last year, primarily due to a loss of income from the disposal of the Damai Care & Wellness Centre and higher manager's fees.

Titijaya Land Bhd (KL:TITIJAYA) has proposed the acquisition of two properties located adjacent to Universiti Malaysia Sabah (UMS) in Kota Kinabalu for a total of RM105 million.

Kerjaya Prospek Group Bhd (KL:KERJAYA) on Monday said it will be acquiring a 49% stake in Aspen Vision Land Sdn Bhd (AVL) for RM98 million, as the property developer intends to co-develop Aspen Vision City in Batu Kawan, Penang.

IJM Land and Amona officiated the groundbreaking of the Urban Park at Taman Rimba Bukit Kerinchi, the first step in Pantai Sentral Park’s development, with the park expected to be completed by year-end.

UEM Sunrise Bhd has named its flagship project in Subiaco East, Perth, Western Australia as One Oval.

Property developer MaMing Group has entered into three joint-venture agreements to develop new residential and industrial developments in Selangor and Negeri Sembilan.

M Tiara, the landed residential development located at Skudai, Johor, by Mah Sing Group Bhd (KL:MAHSING), has surpassed a 70% overall take-up rate in less than 12 months since its official launch.

The mixed industrial development project in Klebang, Melaka, is expected to boost local growth through the creation of a more active economic chain and attracting new investments to the area.

The government has added another 100 megawatts (MW) to the rooftop solar quota under the Net Energy Metering (NEM) Rakyat programme, two days after the existing 600MW quota was fully dished out.