The Federal Territory Land Registrar and the government told the Court of Appeal on Thursday that Semantan Estate (1952) Sdn Bhd is not entitled to the recovery of the 263.272 acres of prime Kuala Lumpur land known as the "Duta enclave", but it is entitled to receive compensation.

UEM Sunrise Bhd delivered a strong performance in the financial year ended Dec 31, 2024 (FY2024), surpassing full-year targets for both sales and launched GDV.

The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) projects property prices to grow by 2% to 5% this year, driven by strong domestic housing demand and higher construction costs.

Hektar Real Estate Investment Trust (KL:HEKTAR) is acquiring a light industrial asset in the Bayan Lepas Free Industrial Zone, Penang, for RM30 million from Microlead Precision Technology Sdn Bhd (MPT), a wholly owned subsidiary of MQ Technology Bhd (KL:MQTECH).

The final cost of the Penang Light Rail Transit (LRT) project has yet to be determined, as it depends on the ongoing procurement process and tender results for civil works and turnkey systems, said Transport Minister Anthony Loke Siew Fook.

Noteworthy:

• Freehold
• Built-up size: 1,800 sq ft
• Land size: 1,650 sq ft
• Unfurnished
• 4 bedrooms, 3 bathrooms
• Nearby amenities: Megah Rise Mall, Paradigm Mall, Tropicana Golf & Country Resort, UNITAR International University, Thomson Hospital Kota Damansara, The Curve
• Accessibility: LDP, SPRINT Damansara Link, NKVE, Federal Highway

When: December 2024

As 2018 came to an end, Stephanie Chen, then a relationship manager in the banking industry, decided to make a total career change.

Bandar Malaysia Sdn Bhd, the state-owned developer of the eponymous project, has been accused of breaching its agreement after scrapping a deal to develop Escape theme park.

The government is reviewing the possibility of aligning electricity tariff adjustments at Kulim Hi-Tech Park (KHTP) in Kedah with the scheduled tariff hike across Peninsular Malaysia — which is set to take effect in July, said the Minister of Energy Transition and Water Transformation Datuk Seri Fadillah Yusof.

As there is no settlement in sight for the multibillion half-century dispute of 263.272 acres of prime land in Kuala Lumpur called the “Duta enclave”, appeals by Semantan Estate (1952) Sdn Bhd and the cross-appeal by the Federal Territory Land Registrar and the federal government will proceed for two days at the Court of Appeal on Thursday and Friday (Feb 20 and 21).