Avaland breaks ground of Avenue25 pedestrian link to LRT station
Avaland Bhd (KL:AVALAND) has commenced construction of a 300m covered pedestrian walkway and link bridge from its Avenue25 mixed-use development to the USJ21 LRT Station.
GDB chairman Zaini Omar resigns due to health issues, Chia Lui Meng takes over
GDB Holdings Bhd (KL:GDB) said its non-executive chairman Tan Sri Zaini Omar has resigned from the position due to health issues.
UEM Edgenta forms JV to expand presence in Dubai's property management sector
UEM Edgenta Bhd (KL:EDGENTA) has formed a joint venture (JV) company in Dubai, United Arab Emirates, to manage large-scale real estate projects there, marking a strategic expansion into the region.
Country Heights to sell South Africa-based unit for RM600,000
Cash-strapped property developer Country Heights Holdings Bhd (KL:CHHB) plans to dispose of a firm that owns a property in South Africa for RM600,000 in cash.
Shopping mall operators urge deferment, staggered SST expansion amid rising cost concerns
The Malaysia Shopping Malls Association (PPK Malaysia), which represents shopping mall operators across the country, is calling for a deferment of the government's decision to expand the sales and service tax (SST) to include rental and leasing services, construction and beauty services, until after Visit Malaysia Year 2026, and to take a staggered approach to it thereafter.
Berjaya Land sells 80% stake in Vietnamese property developer for RM202m
Berjaya Land Bhd (KL:BJLAND) said the group is divesting its entire 80% stake in a company undertaking a mixed-use development in Hanoi, Vietnam for 1.239 trillion dong (RM201.96 million) in cash.
Binastra’s latest construction win signals clientele diversification efforts, say analysts
Binastra Corporation Bhd’s (KL:BNASTRA) RM268 million apartment construction job win from new client TNJ Development Sdn Bhd adds to ongoing efforts to diversify beyond its three core recurring customers, said analysts.
Tower REIT CEO Martin Kung steps down after six months at the helm
Tower Real Estate Investment Trust (KL:TWRREIT), the REIT arm of the Hong Leong Group, announced that Martin Kung Boon Keat, the CEO of its REIT manager GLM REIT Management Sdn Bhd, will step down from his post on June 12, 2025.
Vizione, Permaju Industries mutually terminate RM490m Sabah housing construction contract
Vizione Holdings Bhd (KL:VIZIONE) said a RM490 million contract for the construction of apartments in Sabah awarded to the group by Permaju Industries Bhd (KL:PERMAJU) has been terminated.
Kim Teck Cheong acquires land in Kota Kinabalu to develop distribution and warehouse hub
East Malaysia-based consumer goods distributor Kim Teck Cheong Consolidated Bhd (KL:KTC) said it is acquiring 15.15 acres of land in Kota Kinabalu to develop a regional distribution and warehouse hub.
