Construction firm Mitrajaya Holdings Bhd (KL:MITRA) said on Friday it has won a job worth RM151.99 million from the Northern Corridor Implementation Authority.

Buildings that are not upgraded to meet sustainability requirements are at risk of losing tenants, which is a major concern for building owners.

The government's proposal to introduce regulations aimed at enforcing sustainability-linked standards for the domestic data centre market will see some of the data centres becoming non-compliant with the requirement, carrying implications for domestic competitive dynamics, according to Fitch Solutions company BMI.

German semiconductor giant Infineon Technologies AG will invest an additional €5 billion (RM30.1 billion) in constructing the world’s largest 200-millimetre silicon carbide power fabrication plant in Kedah.

The suggested requirement, whereby a full block or two need to be made into Madani housing instead of a set percentage, will naturally cause a further increase in the free market prices for those who are not eligible for affordable housing, stated the Real Estate and Housing Developers' Association Malaysia (REHDA).

Greater Kuala Lumpur’s residential market experienced an upward trend in 2Q2024, recording higher average transacted prices than the pre-pandemic year in 2019.

Chin Hin Group Bhd (KL:CHINHIN) is acquiring a 65% stake each in two companies — an engineering and construction firm and a facilities and project management outfit — for RM51.51 million in a cash and share deal.

Property stocks, which rallied over past few months, were among the hardest hit counters on Bursa Malaysia in the recent global equity rout as investors rushed to take profits as market sentiment was shaken by external headwinds.

Jati Tinggi said the sub-contract was awarded to its unit Jati Tinggi Holding Sdn Bhd (JTHSB), to provide horizontal directional drilling work in Gombak, Selangor.

On top of that, the court also ordered Ireka to pay incidental cost of RM7,500 and an allocator fee of RM300.