News by M

A sense of belonging is important for youths, especially in urban areas where many are seeking to define themselves. However, are we doing enough to promote the well-being of youths in our cities?

Residential property prices have been rising steadily in Melaka over the past years, recording an average transacted price of RM340,000 in 2024 compared to RM214,000 in 2015, according to Rahim & Co International Property Consultants Sdn Bhd director of research Sulaiman Saheh at the Rahim & Co Property Market Review 2024/2025 presentation on Wednesday.

I-Bhd posted a net profit of RM9.96 million for the quarter ended March 31, 2025 (1QFY25), more than double the RM4.07 million recorded a year ago, driven by stronger earnings from its property development and investment segments.

Hektar Real Estate Investment Trust (Hektar REIT) (KL:HEKTAR) has inked a solar energy partnership with Samaiden Group Bhd (KL:SAMAIDEN), for Samaiden to install and operate solar photovoltaic (PV) systems across five of Hektar REIT’s shopping centres through a zero-capex model, requiring no upfront capital outlay from the REIT.

IHG Hotels & Resorts will introduce its luxury lifestyle brand Kimpton in Malaysia with the opening of Kimpton Naluria Kuala Lumpur in the fourth quarter of 2025.

Practice Note 17 (PN17) company Ivory Properties Group Bhd has signed a deal to sell a heritage commercial building known as The Birch House in George Town, Penang, for RM18 million with ENS Timah Sdn Bhd.

Kumpulan Jetson Bhd (KL:JETSON) has received a writ of summons from three minority shareholders who are seeking a court order to void a requisition notice dated April 23, 2025, and to halt any corporate action based on it.

Noteworthy:

• Freehold
• Built-up size: 4,000 sq ft
• 5 bedrooms, 4 bathrooms
• Unfurnished
• Nearby amenities: Pavilion Damansara Heights, HELP University, Universiti Malaya Medical Centre, Kuala Lumpur Golf Country and Club
• Accessibility: SPRINT-Damansara and Penchala Links, North-South Expressway, Jalan Duta

When: January 2025

Net rental income declined to RM17.81 million for the first quarter ended March 31, 2025 (1QFY2025), from RM18.48 million in the same period a year earlier. 

The partnerships will bring a new wildlife experience, two eco-resorts, and an indoor children’s play centre to locations including the 1,111-acre Paya Indah Discovery Wetlands, the 90-acre Wetlands Arboretum and The Hive at Gamuda Cove.