Engineering and construction company Gamuda Bhd (KL:GAMUDA) announced on Friday that it has secured contracts worth a combined value of RM1.74 billion to build a hyperscale data centre for Sime Darby Property Bhd (KL:SIMEPROP) at the latter’s Elmina Business Park.

Property developer Scientex Bhd (KL:SCIENTX) said on Friday it is acquiring land in Seberang Perai, Penang for RM462.50 million to expand its land bank for future development.

Taiwan-based Siliconware Precision Industries Co Ltd broke ground on Friday for its semiconductor packaging and testing facility worth RM6 billion at Bandar Cassia Technology Park in Penang.

The end of the diesel fuel subsidy would not impact UEM Sunrise’s performance and service delivery, the developer assured stakeholders in a media release yesterday.

According to a report by URBANET, “property values tend to increase in proximity to green spaces”, making buying a home close to parks in the neighbourhood a smart investment.

Shares of utilities-to-hotels conglomerate YTL Corporation Bhd (KL:YTL) and its related stocks on Friday snapped consecutive days of rally despite notching earnings growth in their third quarter (3QFY2024) financial results.

YTL Corp Bhd (KL:YTL) posted a 19.8% increase in net profit for its third financial quarter ended March 31, 2023 (3QFY2024), as all of its business segments — construction, cement and building materials, property investment and development, management services and others, hotels, and utilities — reported higher earnings.

Avaland Bhd's (KL:AVALAND) net profit for the first quarter ended March 31, 2024 (1QFY2024) soared to RM21.17 million, from RM136,000 a year earlier, on the back of advanced construction progress in the group’s ongoing projects, namely Aetas Damansara, Alira Subang Jaya, Casa Embun and Sanderling.

Shares of Sime Darby Property Bhd (KL:SIMEPROP) surged to a fresh six-year high on news of the developer’s entry into the data centre space while analysts scrambled to raise their target prices.

Axis Real Estate Investment Trust (KL:AXREIT), which mainly manages offices and warehouses, said on Thursday it is acquiring two automotive service centres worth RM125 million.