Aeon buys 8.7ha land in Kota Bharu for RM165 mil
Aeon Co (M) Bhd is acquiring a piece of land measuring 8.691 hectares in Kota Bharu, Kelantan for RM165 million.
Tower REIT’s earnings further weighed down by higher electricity tariff, wages
Office-focused Tower Real Estate Investment Trust (REIT) reported an 87% year-on-year drop in net trust income or net profit in its third quarter ended March 31, 2023 (3QFY2023), as earnings were weighed down further by higher electricity tariff, minimum wage hike, as well as interest, housekeeping and security expenses.
OCR says ex-contractor’s RM31m claim against group is ‘baseless and frivolous’
Property developer OCR Group Bhd has maintained that there is no operational impact on the group arising from the lawsuit filed by a former contractor over alleged payment default of RM30.93 million in relation to projects in Kuantan and Petaling Jaya.
Advancecon secures RM86 mil construction job for PKNS's Sierra Alam project
Earthworks and civil engineering service provider Advancecon Holdings Bhd has bagged an RM86 million construction contract from Perbadanan Kemajuan Negeri Selangor (PKNS) for Phase 1 of its Sierra Alam development in Section U10, Shah Alam, Selangor.
AME REIT declares 1.82 sen distribution per unit for 4Q23
Industrial properties real estate investment trust (REIT) AME REIT has declared its second income distribution per unit since listing, of 1.82 sen per unit, for the fourth quarter ended March 31, 2023 (4Q23).
Crowne Estate partners with Accor to open Swissôtel Genting Highlands in 2028
Crowne Estate Malaysia has partnered with French hospitality group Accor to open Swissôtel Genting Highlands, set to launch in the third quarter of 2028.
UOA REIT stays focused on offices as it sees room for growth
UOA Real Estate Investment Trust (REIT) will remain focused on the office property market as it sees growing potential in the segment, according to Kong Sze Choon, chief executive officer of its manager UOA Asset Management Sdn Bhd.
MM2H consultants' association lauds govt's move to create one-stop centre for programme
The Malaysia My Second Home Consultants Association (MM2HCA) has lauded the government’s move to create a one-stop centre under the Ministry of Tourism, Arts and Culture for the programme.
KSK Land terminates main contractor GDB from 8 Conlay project
KSK Land Sdn Bhd has terminated its contract with Grand Dynamic Builders Sdn Bhd (GDBSB), a wholly owned subsidiary of GDB Holdings Bhd, as the main contractor of mixed development 8 Conlay at Jalan Conlay, Kuala Lumpur.
GIIB to sell land in Tuaran for RM14 mil to fund capex
Rubber compound manufacturer GIIB Holdings Bhd, which has been locked in a dispute with one of its directors over allegations of fraud and misconduct, is selling a 1.689ha parcel of industrial land in Tuaran, Kota Kinabalu, Sabah to metal and steel product wholesaler Kozai Realties Sdn Bhd for RM14 million cash.
