News by theedgemalaysia.com

Property developer Magna Prima Bhd is selling its entire equity interest in loss-making 33 Sentral Park Sdn Bhd, which owns two pieces of adjoining residential land measuring a total of 6.9 acres and fronting Jalan Gasing in Petaling Jaya, Selangor, to Glomics Holding Sdn Bhd (GHSB) for RM65 million.

Fitters Diversified Bhd has terminated its initial 18.97-hectare land disposal to Aikbee Development (Kepong) Sdn Bhd for RM36 million, owing to the buyer’s failure of payment.

Malaysia Property Exposition (Mapex) Selangor Barat 2023 by the Real Estate and Housing Developers' Association (Rehda) Selangor was inaugurated at Central I-City Shah Alam, Selangor, on Friday (Aug 4).

Analysts are upbeat on Sunway Bhd’s purchase of a 245-acre (99.15-hectare) freehold industrial land in Kuang, Rawang for RM115 million.

The termination of the controversial Petaling Jaya Dispersal (PJD) Link project by the Selangor state government, with less than two weeks before the state polls on Aug 12, is perhaps an indication of just how much is at stake for the Pakatan Harapan-led (PH) government that is trying to keep the state under its administration.

A unit of AWC Bhd has been awarded sub-contract works for a multi-block mixed development in Klang, Selangor, from a unit of Crest Builder Holdings Bhd worth RM10.01 million.

Malaysian Resources Corp Bhd's (MRCB) net gearing levels could surpass 0.49 times if it undertakes the redevelopment of transport hub KL Sentral simultaneously with that of the Shah Alam Sports Complex, said Hong Leong Investment Bank (HLIB) Research.

Parti Pribumi Bersatu Malaysia has questioned the right of Datuk Seri Amirudin Shari to reject the application for the proposed Petaling Jaya Dispersal Link (PJD Link) project, since he is currently only the caretaker Selangor menteri besar.

Four Petaling Jaya residents who filed a legal action against the Petaling Jaya Dispersal link (PJD link) wants the Selangor government to give a firm commitment to reject any future highway development in the PJ area.

Construction and integrated facilities management group Widad Group Bhd has appointed Saloma Mohd Jonid as its new executive director, effective Tuesday (Aug 1).