Binastra Corp Bhd (KL:BNASTRA) said on Wednesday that it had secured an RM331.7 million contract to construct a residential apartment complex in Kota Kinabalu, Sabah.

Noteworthy:

• Built-up size: 3,325 sq ft
• Land size: 3,325 sq ft
• No of units rented: 3
• Unfurnished
• Nearby amenities: Hang Tuah Monorail, LaLaport @ BBCC, MRT Merdeka, The Exchange TRX, MRT Bukit Bintang, Pavilion Bukit Bintang, Tung Shin Hospital, Berjaya Times Square
• Accessibility: Jalan Hang Tuah, Jalan Pudu, Jalan Loke Yew, Jalan Kampung Pandan, Jalan Yew, MEX

When: April 2024

Seremban-based property developer Matrix Concepts Holdings Bhd (KL:MATRIX) has inked a second joint venture (JV) with NS Corp to develop new prime land in Malaysia Vision Valley 2.0 (MVV2.0) into a sustainable township in a deal worth RM435.6 million.

Iskandar Investment Bhd (IIB), the master developer of Iskandar Puteri, has partnered with TM-Nxera via River Retreat Sdn Bhd to develop a digital infrastructure with an approximate investment value of RM9 billion at Medini, Iskandar Puteri, Johor.

Sabah-based integrated property developer KTI Landmark Bhd (KL:KTI), which was listed on Wednesday, said it plans to launch two new residential projects in Sabah by 2028, with a combined gross development value (GDV) of RM599.6 million.

Malayan United Industries Bhd (MUI) (KL:MUIIND) has secured a term loan facility of up to £152.5 million (RM912.16 million) from CF Hyde Park LP to refinance its existing term loan facility of its Corus Hyde Park Hotel in London, UK. 

Noteworthy:

• Leasehold
• Built-up size: 1,580 sq ft
• Land size: 1,400 sq ft
• 4 bedrooms, 3 bathrooms
• Semi-furnished
• Nearby amenities: Taman Puncak Jalil Recreational Park, Kinrara Golf Club, Alice Smith School, Columbia Asia Hospital - Puchong, Universiti Putra Malaysia, IOI Mall Puchong, Wawasan Hill Trail (Entrance), Pavilion Bukit Jalil
• Accessibility: MEX, Lebuhraya Bukit Jalil, LDP, North-South Expressway

When: March 2024

Malaysia has emerged as the top three country in Asia for outbound cross-border property investment after Mainland China and Hong Kong, according to Juwai IQI Holdings’ Asia-Pacific Cross-Border Residential Property Buying Trends Report 1Q2024 that was issued on Tuesday.

UEM Sunrise Bhd (KL:UEMS) has disposed of its remaining 40% stake in a joint venture, Aura Muhibah Sdn Bhd (AMSB), to Kuala Lumpur Kepong Bhd (KL:KLK) as the latter exercised its call option.

Matrix Concepts Holdings Bhd (KL:MATRIX) announced that Datuk Hon Choon Kim has resigned as its independent and non-executive director, effective immediately.