Its unit has inked a deal to gain the rights to carry on and complete a concept masterplan for a development spanning 216,427 sq m in Melaka that is spread across seven plots of land.

Mesiniaga said the building, which is being sold to Sparkle Gateway Sdn Bhd, was under utilised and an excess to the group, while no longer situated at a strategic location as it is far from the major customers in Penang.

It is buying Pavilion Elite Mall from Urusharta (KL) Sdn Bhd, whose ultimate shareholders are Tan Sri Lim Siew Choon and Qatar Holdings LLC — both major stakeholders in PavREIT.

Sold for: RM880,000 (RM805 psf); Concluded by: Justin Tau (REN 18860) of Hartamas Real Estate (OUG) (017-674 3763); When: April 2017

The next CO3 Social Office will be at Jalan Semangat, Petaling Jaya, next to Sin Chew Media Corp

The eight-storey mall with 250 shops across a net lettable area of 620,000 sq ft is jointly developed by Sime Darby Property and CapitaLand Mall Asia.

The four-star hotel located in Kuching, Sarawak, is believed to have been bought at a price significantly higher than its actual market price.

The online property auction platform e-Lelong for court auctions of immovable properties will be able to strengthen the integrity of the public auction process, said the Chief Justice of Malaysia.

With shopping and dining being two of the most popular pastimes among Singapore residents, owning an apartment that’s within walking distance of a retail mall — or, better yet, located above the mall — has become very desirable.

Looking ahead, Gadang said its construction division has an order book of RM1.5 billion, with RM136.2 million in unbilled sales for its property division.