News by theedgemalaysia.com

The real estate developer plans to launch projects worth RM2.4 billion in gross development value this year, including some delayed projects. 

PTSI is the owner and operator of the Encore Melaka theatre, which offers a 360-degree rotating platform and a seating capacity of approximately 2,000.

The new F&B tenants are Kenangan Coffee and Long John Silver’s that are expected to open in May and July, respectively.

The company said its unit Crest Builder Sdn Bhd has accepted a letter of award for the construction of the Sunway Velocity 3 commercial development in Kuala Lumpur.

Syed Mohamed, 65, is replacing Datuk Ikhwan Salim Sujak, 67, who retired at the end of his one-year term on Feb 28. 

The plan comprises the RM3.5 billion waterfront township Tebrau Bay, RM500 million mixed waterfront development Danga Rivera, and RM330 million mixed-use development project Danga Heights.  

The proposed disposal, at RM34 million, "would be a great stress relief to the group’s cash flow as compared to retaining the land for a potential loss-making development".

IJM Land Bhd has launched The Promenade, the latest commercial development of Bandar Rimbayu township, in Telok Panglima Garang, Selangor on March 1 and has since achieved a 60% take-up rate.

Mah Sing Group Bhd will launch a new service apartment development named M Sinar in its 428-acre Southville City township in Bangi, Selangor in 2Q2024.

S P Setia Bhd has achieved an 85% take-up rate for Irama Villa IV, since its official launch on March 3. Irama Villa IV is the final lineup of the Irama Villa series in the 1,904-acre Bandar Kinrara township in Puchong.