Matang buys property assets from Star Media for RM33 mil
Matang Bhd is buying property assets from Star Media Group Bhd for RM33 million as part of its plan to diversify its business into property investment.
Bina Darulaman secures RM34 mil contract from agriculture ministry
Bina Darulaman Bhd, through its unit BDB Infra Sdn Bhd, has been awarded a RM34.08 million contract by the Ministry of Agriculture and Food Security to develop a tertiary irrigation system in Kedah and Perlis.
UHY appointed as Ivory Properties' auditor following KPMG's resignation
Penang-based property developer Ivory Properties Group Bhd has appointed Messrs UHY as the company’s new auditor following the resignation of Messrs KPMG PLT.
Rahim & Co indicates residential, industrial subsectors show positive growth; others follow suit at slower pace
Rahim & Co International Sdn Bhd states that as a continuation of 2022 having had more progress, residential and industrial property sub-sectors have shown signs of positive growth while others are poised to follow suit but at a slower pace. This was revealed at the launch of Rahim & Co’s Property Market Review 2022/2023 report on Thursday (Feb 9).
DBKL, Think City sign third MOU in bid to accelerate renewal of Downtown KL
The MOU aims to escalate efforts in pooling together ideas, resources and ecosystem partners to do more in making the city liveable, sustainable and prosperous, together.
Maybank IBG upbeat on UEM Sunrise's aborted KL city centre land deal
Maybank Investment Banking Group (Maybank IBG) viewed UEM Sunrise Bhd's unsuccessful acquisition of a freehold parcel of land along Jalan Semarak in the Kuala Lumpur city centre as a positive, as the deal would have led to its involvement in the highly competitive and over-supplied retail, office and hotel segments of the property market.
Ingenieur Gudang to acquire interest in 164 units of retail lots at commercial complex
Ingenieur Gudang Bhd is buying a firm that has acquired the interest in 164 units of retail lots in a commercial complex in Pandan Perdana.
Hektar REIT sees gain of RM41.6 mil from revaluation of six assets
Hektar Real Estate Investment Trust (Hektar REIT) said it carried out a revaluation on six of its investment properties, resulting in a net fair value gain of RM41.6 million.
Crescendo buys three plots of land in Johor for RM67.5 mil
Crescendo Corp Bhd (CCB) is buying three plots of land measuring 109.855 acres in Kota Tinggi, Johor, to expand its landbank.
Retailers, hoteliers urge govt for moratorium on new electricity tariff after surge in energy bills
Retailers and hoteliers are urging the government to provide commercial users a moratorium till end-2023 on the newly implemented electricity surcharge — which has been upped to 20 sen per kWh since the start of this year from 3.7 sen per kWh throughout 2022 — so that their businesses can first recover from the pandemic's impact.
