News by theedgemalaysia.com

YLI Holdings Bhd’s subsidiary, Laksana Wibawa Sdn Bhd, has accepted and received RM97.84 million in compensation for its land in Hulu Serendah, Selangor that was compulsorily acquired for a rail project.

RHB Research is still upbeat on industrial real estate investment trusts (REITs), as the demand and supply dynamics in the sector remain in favour of landlords, despite acquisitions declining after a sharp rise in valuations during the Covid-19 pandemic, which had compressed yields.

Matrix Concepts Holdings Bhd has achieved 30% take-up rate for Levia Residences since its soft launch last August, said Matrix Concepts founder and group executive deputy chairman Datuk Seri Lee Tian Hock during the sale and purchase agreement (SPA) signing ceremony with the Malaysia Basketball Association (Maba) at Wisma Maba, Kuala Lumpur on Tuesday.

On Sept 27, Sunway Bhd, through a statement, announced that its 70% owned subsidiary, Umech Land Sdn Bhd, had entered into a joint development agreement with PDC to develop a 559-acre prime industrial land in Batu Kawan, Penang, in exchange for a land entitlement of RM646.02 million.

“We are hopeful that Budget 2024 will bring about significant change, and positively influence the sentiment in the property market through the introduction of stimulus packages."

Econpile said its wholly-owned subsidiary Econpile (M) Sdn Bhd has accepted the letter of award from Suriamega Development Sdn Bhd for the job.

Pursuant to the facilities, Sunsuria itself has provided financial assistance to BHPDSB in the form of a corporate guarantee.

Hektar Real Estate Investment Trust (Hektar REIT) will install 13 electric vehicle (EV) charging bays in six shopping malls under its portfolio starting Jan 1, 2024.

MRCB Land Sdn Bhd’s latest high-rise residential development, named Tujuh Residences in the ongoing 94-acre Kwasa Damansara City Centre (KDCC) project, is now open for preview, according to a press statement on last Friday (Sept 29).