Sunway Property, the property arm of Sunway Bhd (KL:SUNWAY), through joint-venture subsidiary Sunway Rawang City Sdn Bhd, has entered into a sale and purchase agreement to acquire approximately 99.6 acres of freehold land in Kuang, Selangor, for RM65.1 million.
Sarawak-based developer Hock Seng Lee (HSL) is set to develop a 13.5-acre master-planned project opposite the Kuching International Airport.
Noteworthy:
When: January 2025
Trinity Group Sdn Bhd is set to launch Phase 2 of its Trinity Sensoria residential development in Ampang North soon, following the complete take-up of the RM172 million Phase 1 within six months of its soft launch.
Sime Darby Property Bhd’s SJCC East One phase one recorded an 80% take-up within hours of its release.
IGB Real Estate Investment Trust (KL:IGBREIT) rose on Wednesday following its plan to buy the Mid Valley Southkey Mall in Johor Bahru for RM2.65 billion in a cash-and-units deal.
CIMB Securities sees significant potential in SD Guthrie Bhd’s (KL:SDG) proposed joint ventures (JVs) to develop industrial parks in Port Dickson and Carey Island, but notes that the financial impact will hinge on the speed of land sales and income generation from the developments.
China Communications Construction (ECRL) Sdn Bhd (CCC-ECRL) said it has "wholly disputed" an alleged outstanding payment claim of RM15.22 million made by a subsidiary of Advancecon Holdings Bhd (KL:ADVCON) in relation to the latter's works on the East Coast Rail Link (ECRL) project.
Aveo Group, an Australian retirement-living operator in which Mulpha International Bhd (KL:MULPHA) has an indirect 15% stake, will be sold to another firm Down Under, according to news reports.
Bonia Corp Bhd (KL:BONIA) is acquiring the remaining 10% stake in its property investment subsidiary, Casa Bologna Sdn Bhd (CBN), from One Seafood F&B Sdn Bhd for RM2.1 million.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
