RHB Bank Bhd (KL:RHBBANK), the country's fourth-largest lender by assets, has been named as the third defendant in a RM313.08 million lawsuit filed by Prismaworld Embassyview Sdn Bhd in the High Court here.

In land-scarce and highly populated urban areas in the Klang Valley, transit-oriented developments (TODs) have become one of the solutions in mitigating commuting congestion and facilitating greater efficiency in mobility. Moreover, with the upcoming Circle Line MRT (Mass Rapid Transit) 3 to complete the Klang Valley Integrated Transit System slated for completion in less than 10 years, TODs are generally seen as future-proof investments..

Noteworthy:
● Leasehold
● Built-up size: 6,000 sq ft
● Land size: 7,535 sq ft
● Semi-furnished
● 5 bedrooms, 6 bathrooms
● Nearby amenities: Valencia Golf Resort, Sungai Buloh Hospital, IKEA Damansara, IGB International School (IGBIS)
● Accessibility: North-South Expressway, LDP, SPRINT - Damansara and Kerinchi Links, Jalan Kuala Selangor, Jalan Hospital

When: November 2024

The contracts were awarded by Exsim Kebun Teh Sdn Bhd and cover main building and external works for both developments. 

The contract was awarded by Persada Mentari Sdn Bhd, an indirect subsidiary of Eastern & Oriental Bhd (E&O).

Following the encouraging response, Mah Sing announced that it is preparing to launch phase 1B.

IJM Perennial Development Sdn Bhd, a joint venture between IJM Corp Bhd (KL:IJM) and Perennial Holdings Pte Ltd, has formalised a strategic partnership with Korea International Exhibition Center (KINTEX) through its Malaysian subsidiary, KinMalaysia Management Sdn Bhd (KINTEX Malaysia), to operate the upcoming Penang Waterfront Convention Centre (PWCC).

Paramount Corp Bhd (KL:PARAMON) said its 70%-owned unit, Tanah Bayumas Sdn Bhd (TBSB), and two others are being sued over its RM145 million purchase of a luxury condominium site in Taman U-Thant.

TA Global Bhd has launched a new Grade-A strata office tower, The Arden in Bandar Sri Damansara, Selangor. The commercial site, with a gross development value (GDV) of RM446 million, is slated for completion in 2Q2028.

Practice Note 17 (PN17) construction outfit TXCD Bhd (KL:TXCD), formerly known as Ageson Bhd, said on Friday that it has secured an RM85.5 million subcontract to undertake a construction project in Bandar Subang Jaya, Selangor.