News by TheEdgeMarkets.com

The land, belonging to Hartanah Idaman (M) Sdn Bhd, is located within walking distance of the IOI Puchong Jaya LRT station and IOI Shopping Mall, the property developer said in a filing with Bursa Malaysia.

Spanning over 85,000 sq ft and comprising a fresh food section, dry grocery area, wholesale section and a deli, NSK Grocer is the first-of-its-kind concept of modernising a traditional market setting furnished with a comfortable and pristine environment.

Quarterly revenue for the quarter stood at RM15.68 million, a 142.87% increase from RM6.45 million in its second quarter for FY2022 (2QFY22).

The first job is a sub-contract worth RM188.8 million for the Kota Bharu-Kuala Krai highway construction project. The second is a RM110.02 million sub-contract to upgrade the Bukit Selambau water treatment plant in Kedah; the third is a RM75.01 million job to upgrade the Sungai Limau water treatment plant, also in Kedah.

In anticipation of a better year, the group is targeting to launch RM2.4 billion worth of properties in 2022, 71% more than the RM1.4 billion in new properties launched in 2021.

Maju Holdings Sdn Bhd-owned highway concessionaire MEX I said the proposed Islamic bonds comprise RM2.21 billion subordinated sukuk and RM1.13 billion senior sukuk programmes.

The group on Thursday (Jan 6) entered into an agreement with Granprop Sdn Bhd and Premier Land Resources Sdn Bhd for the acquisition of the 80-acre (3.48 sq ft) land.

According to a statement on Thursday (Jan 6), Le Méridien Penang Airport is part of the Penang Gateway development, located by the Penang International Airport, on the main Jalan Sultan Azlan Shah road. It will be part of a mixed-use development that will also comprise an independent residential tower, medical centre, commercial and retail space. Construction is due to commence by mid-2022 and is expected to be completed by end-2026.

In a note on Thursday (Jan 6), its analyst Loong Kok Wen who maintained "neutral" on the sector said that despite an encouraging pickup in demand for property in 2021, she believes the sector is still facing negative headwinds that may hinder the continued recovery in property sales as well as earnings growth.

This move makes Zerin Properties the first real estate agency in Malaysia to do so. In a statement, Zerin Properties founder, managing director and chief executive officer Previndran Singhe said that the main reason the agency went with HaloCheck.xyz is due to the opportunity to use technology as an avenue to comply with what the central bank requires and to fulfil its clients’ requirements.