Hong Leong Investment Bank Bhd (HLIB) has maintained its “overweight” stance on the construction sector as it bet that the construction contracts awarded in 2024 could exceed over RM40 billion, with the potential to surpass RM50 billion, marking the highest level since 2016.

IJM Land Bhd will launch the first phase of Batiq @ S2 Heights Aman in Seremban, Negeri Sembilan, with 82 two-storey linked homes in the first quarter of 2025.

Econpile Holdings Bhd (KL:ECONBHD) has secured two contracts from Sg Besi Construction Sdn Bhd, totalling RM33.3 million, to carry out piling and substructure works for residential and office buildings in Kuala Lumpur.

Noteworthy:

• Freehold
• Built-up size: 1,400 sq ft
• Floor level: mid
• 3 bedrooms, 2 bathrooms
• Fully furnished
• Nearby amenities: KLCC Park, Pavilion Bukit Bintang, Jalan Alor Food Street, Plaza Low Yat, Tung Shin Hospital, MRT Bukit Bintang, Central Market, schools
• Accessibility: Jalan Maharajalela, Jalan Tun Perak, Jalan Pudu, Jalan Raja Chulan, AKLEH, Jalan Sultan Ismail, Jalan Imbi, Jalan Tun Razak

When: August 2024

Sunway Bhd, through its wholly-owned subsidiary Sunway Melawati Sdn Bhd, has entered into a sales and purchase agreement with Viva Impian Sdn Bhd to acquire a parcel of 17.58-acre prime freehold land in Taman Taynton for a purchase consideration of RM320 million.

Google held a groundbreaking ceremony on Tuesday at The St Regis Kuala Lumpur to commence the construction of its first data centre in Malaysia at Sime Darby Property Bhd's (KL:SIMEPROP) Elmina Business Park in the City of Elmina township, Selangor.

KUALA LUMPUR (Oct 2): RHB Research said Malaysia is poised to become the largest data centre (DC) hub in the region, with Johor as the new DC capital, bringing online at least 1.4 Gigawatt (GW) over the next three years, while it shrugs off concerns about potential oversupply.

Plenitude Bhd (KL:PLENITU) has appointed chief financial officer (CFO) Ang Kooi Yong as its new chief executive officer, effective immediately.

Ho Hup Construction Company Bhd (KL:HOHUP) said its 52%-owned unit, Golden Wave Sdn Bhd (GWSB), has obtained an interim restraining order from the High Court in Kota Kinabalu, shielding it from legal actions by its creditors.

Telekom Malaysia Bhd (KL:TM) data centre joint venture (DC JV) with Singtel could potentially contribute RM80 million to RM85 million in earnings to the group, or 4% of group profit after tax and minority interests in FY2027, according to RHB Research in a note on Wednesday.