MUI Group and Mah Sing Group Bhd have inked a strategic agreement which saw the MUI Group divesting its prime 1.485-acre freehold parcel of land in the heart of KLCC precinct.
Airbnb activity contributed RM9.2 billion to Malaysia’s gross domestic product (GDP) in 2024, equivalent to 5% of the tourism sector’s overall contribution.
Sentral REIT’s (KL:SENTRAL) net property income slipped 2.5% in the the second quarter, mainly due to lower rental income from Menara Shell, coupled with accounting adjustments under the Malaysian Financial Reporting Standard 16.
Azam Jaya Bhd (KL:AZAMJAYA) has secured a three-year contract from the Ministry of Transport for upgrading works for Sabah’s Tawau Airport.
The Sultan of Pahang, Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah, on Wednesday increased his stake in Citaglobal Bhd (KL:CITAGLB) through the off-market acquisition of a 3.52% stake.
Magma Group Bhd's (KL:MAGMA) former executive chairman Datuk Seri Ismail @ Farouk Abdullah has ceased to be a substantial shareholder in the hotel management and property development company, following a stake trim.
Malayan United Industries Bhd (KL:MUIIND), or MUI, will be sealing a deal to sell Corus Hotel Kuala Lumpur to a publicly-listed property developer, according to sources.
Noteworthy:
When: March 2025
While shopping mall owners grapple with rising costs, KIP REIT (KL:KIPREIT) could stay resilient and offer an above-average distribution yield of 8%, according to Apex Securities.
Anchored by an international port serving as Malaysia’s main gateway for cargo freight, Port Klang town has been lined by a historic commercial core as old as the harbour. With some having weathered more than a century’s rain and shine, the shops here retain among the lowest rent rates in the Klang Valley.
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