AME Elite Consortium Bhd's (KL:AME) net profit for its first quarter ended June 30, 2024 (1QFY2025) dropped 36.7% to RM14.72 million from RM23.27 million a year earlier, due to lower contributions from property development and construction services, as well as share of loss from joint ventures.

Bina Darulaman Bhd (KL:BDB), Kedah state government’s investment holding company, said it is facing a lawsuit over alleged trespassing of stray golf balls into a private property in the state.

Axis Real Estate Investment Trust (Axis REIT) (KL: AXREIT), which mainly focuses on industrial assets, has proposed to acquire two adjoining pieces of land together with buildings near Port Klang for RM158.64 million.

Minister in the Prime Minister's Department (Federal Territories) Dr Zaliha Mustafa on Wednesday confirmed that the government has temporarily halted new construction approvals in Kuala Lumpur following recent sinkhole incidents in the capital city.

Noteworthy:

• Freehold
• Built-up size: 3,800 sq ft
• Land size: 2,380 sq ft
• 5 bedrooms, 4 bathrooms
• Semi-furnished
• Nearby amenities: elc International School, IGB International School, MRT Sungai Buloh, Valencia Golf Club, Hospital Sungai Buloh, Kepong Botanic Gardens-FRIM, Ativo Plaza
• Accessibility: North-South Expressway, Sungai Buloh Highway (Jalan Kuala Selangor), Subang-Kelana Jaya Link (Jalan Sungai Buloh), MRR2, DUKE, DASH, NKVE

When: June 2024

Police are investigating the cause of an incident in which two policemen were seriously injured by a landslide while conducting bomb disposal work in Taman Sri Lambak, Kluang on Tuesday.

Property developer Avaland Bhd (KL:AVALAND) reported a near doubling of its net profit for its second quarter ended June 30, 2024 (2QFY2024), thanks to better work progress and higher take-up rates.

Kuala Lumpur City Hall (DBKL) and Indah Water Konsortium (IWK) have been asked to inspect the sewage pipe at the location of another sinkhole that occurred near the police beat base on Jalan Masjid India early on Wednesday.

K.T.I. Sdn Bhd, a wholly owned subsidiary of KTI Landmark Bhd (KL:KTI), has appointed Knight Frank Property Management Sdn Bhd (KFPM) as the property management firm for its mixed-development project called The Logg in Kota Kinabalu, Sabah.

Citaglobal Bhd (KL:CITAGLB), which is involved in the civil engineering and construction, telecommunications, oil and gas, power generation and manufacturing sectors, plans to team up with Tree Technologies Sdn Bhd, a privately held home-grown electric vehicle maker, to jointly develop a parcel of leasehold industrial land in Gebeng Industrial Estate, Pahang, into an industrial park with green elements.