News by Priyatharisiny Vasu

The proposed mixed development along the Johor Bahru-Singapore Rapid Transit System (RTS) link by Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) and Hong Kong-based MTR Corp Ltd is expected to lift prices for other developments in the vicinity.

Tropicana Corp Bhd has surpassed its property sales target, hitting RM650 million in the six months ended June 30, 2023 (1HFY2023) as property bookings soared above RM1.3 billion.

JAKS Resources Bhd has teamed up with a Germany-based renewable energy company to participate in a solar photovoltaic project with an installed capacity of 63.3 MW in Tuscany, Italy.

Axis Real Estate Investment Trust’s (Axis REIT) net property income (NPI) fell 7.58% to RM58.43 million in the second quarter ended June 30, 2023, from RM63.23 million a year earlier, due to lower property income, higher expenses and lower gains on financial liabilities.

Tanco Holdings Bhd’s unit has secured a contract for the construction of a Rumah Selangorku project from Win Global Builder Sdn Bhd (WGBSB) for RM82.76 million.

Ekovest Bhd has signed a tripartite memorandum of understanding (MOU) with China-based parties to explore cross-border socio-economic strategic collaboration. 

Sentral REIT has signed a conditional sale and purchase agreement (SPA) with a unit of its major unitholder Malaysian Resources Corp Bhd (MRCB) to acquire the 27-storey office building known as Menara CelcomDigi in Petaling Jaya, Selangor for RM450 million.

The association said it was given the responsibility at a Malaysia Steel Council meeting last week, which had focused on the need for the local steel sector to strengthen its Decarbonisation and ESG disclosure and compliance of Scope 1, 2 and 3.

The investments will have to be in the targeted manufacturing sectors promoted by the government through its New Investment Policy and the upcoming New Industrial Master Plan 2030