News by Veishnawi Nehru

Noteworthy:

• Built-up size: 1,500 sq ft
• Fully-furnished
• Nearby amenities: Mid Valley Megamall, Bangsar Village, KL Eco City, Pantai Hospital Kuala Lumpur, Universiti Malaya, Kuala Lumpur Golf & Country Club
• Accessibility: Federal Highway, New Pantai Expressway, Jalan Telawi, PJ Bangsar Bypass, Jalan Ara

When: March 2025

EXAL Malaysia has appointed Knight Frank Property Management as the official property management firm for SÓL Estate in Sarawak.

The Malaysia-based real estate agency Wereg Properties, founded in 2019, reported a 40% revenue increase in 2024, driven by strong growth, strategic expansion and deeper tech integration.

Real estate agency Polygon Properties held its annual dinner on April 25 at HGH Galaxy Banquet Hall in Sentul, in conjunction with its eighth anniversary celebration.

Kerjaya Prospek Group Bhd has won a RM162-million contract to carry out building works for a high-rise serviced apartment project in Johor.

Infraharta Holdings Bhd’s wholly-owned subsidiary, Infraharta Sdn Bhd (ISB), has secured a RM17.42 million sub-contract to carry out piling and earthwork for a hospital project in Kuantan, Pahang.

Supreme Consolidated Resources Bhd (SCRB), through its wholly-owned subsidiary Supreme Cold Storage Sdn Bhd, has proposed to acquire a parcel of land with a factory and office building in Kuching, Sarawak for RM5.6 million.

Noteworthy:

• Freehold
• Built-up size: 4,025 sq ft
• Floor level: High
• 4 bedrooms, 5 bathrooms
• Semi-furnished
• Nearby amenities: Bangsar Shopping Centre, Universiti Malaya, Sime Darby Convention Centre, Kuala Lumpur Golf and Country Club, Pantai Hospital
• Accessibility: SPRINT-Damansara and Penchala links, Federal Highway, Jalan Ara, Jalan Profesor Diraja Ungku Aziz

When: December 2024

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.

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.