Power Root Bhd (KL:PWROOT) said it is purchasing 3.48 million square feet of agriculture land in Johor for RM19.99 million in cash.

PGF Capital Bhd (KL:PGF) is acquiring two parcels of freehold land, totalling approximately 9.608 acres in Kulim Hi-Tech Park, Kedah, for a mixed development project — that will include a condominium, hotel, serviced residences, and several commercial elements — with a gross development value (GDV) of RM600 million.

Shares of SkyWorld Development Bhd (KL:SKYWLD) gained after resuming trade on Wednesday morning, following the signing of an agreement on Tuesday to jointly develop the country's largest affordable housing project with the Penang state agencies.

Tropicana Corp Bhd and global hospitality company, Banyan Group Ltd has inked an agreement on Tuesday (Dec 10) to jointly develop Skypark Kepler, a new branded residence in Johor.

Noteworthy:

• Freehold
• Built-up size: 4,771 sq ft
• Floor level: mid
• 5 bedrooms, 6 bathrooms
• Semi-furnished
• Nearby amenities: MRT Pusat Bandar Damansara, Bangsar Shopping Centre, KLGCC, Pantai Hospital Kuala Lumpur, Bangsar Village I&II
• Accessibility: SPRINT Damansara and Kerinchi Link, Federal Highway, NPE, Jalan Maarof

When: July 2024

The RM13 billion project is said to be the largest affordable housing project in Penang and Malaysia's history.

The two nominees are Ng Cheng Shin and Ooi Hoot Kuang. 

Launched on Jan 23, ViO Banj’ran occupies 13-acre (5.26-hectare) freehold land, and features a total of 40 three- and two-storey bungalows.

The research house raised its target price for Gamuda by RM1.15 to RM11.67, the highest among 21 covering the stock, and maintained its “buy” call.

The latest contract win is split into three phases and includes the construction of a power substation and two units of show houses.