The Housing and Local Government Ministry may introduce a new architectural design competition for future people’s housing projects (PPR).

UEM Sunrise Bhd, which was one of the top 10 most actively traded stocks on Bursa Malaysia on Thursday, jumped as much as eight sen or 8.08% to hit RM1.07 — its highest in about six years since February 2018.

Amidst a Cabinet reshuffle and the unpredictable embers beneath the political landscape of 2023, the Local Government Development Ministry, now renamed Housing and Local Government Ministry (KPKT), managed to have a productive year.

Penang Chief Minister Chow Kon Yeow is suing business tycoon Tan Sri Tan Kok Ping over the latter's remarks, made in October last year, about a state land sale.

Thai-based hotel management company ONYX Hospitality Group will be introducing three new properties in Malaysia this year. Located in Johor, these properties are OZO Medini, Shama Medini and Shama Suasana Johor Bahru.

Hong Leong Investment Bank (HLIB) Bhd has maintained its "neutral" stance on the property sector on the expectation of a normalised pace of billings and moderate growth in new property launches and sales throughout the year of 2024.

Shares in Kerjaya Prospek Group Bhd rose to a fresh record high of RM1.63 in early trade on Thursday as analysts viewed the group will continue to benefit from strong growth in Andaman Island.

At the close of Chin Hin Group Bhd's mandatory takeover offer (MGO) for the remaining 65.9% stake in Ajiya Bhd, Chin Hin received acceptances for 12.31 million shares, or the equivalent of a 4.17% stake.

RHB Retail Research said Avaland Bhd (formerly known as MCT Bhd) is eyeing for a technical breakout as it rebounded above the 21-day simple moving average (SMA) line, touching 26 sen on stronger trading volume.

Noteworthy:

• Freehold
• Land size: 74,000 sq ft
• Nearby amenities : Convenience stores, Genting Premium Outlets, Awana Sky Central
• Accessibility: Karak highway, MRR2, The Genting Sempah–Genting Highlands highway

When: September 2023