Apex Equity Holdings Bhd is disposing off the 11-storey Menara Apex in Kajang, together with the land, for RM55 million to Era Edu Sdn Bhd, which operates the New Era University College education arm.
Kumpulan Perangsang Selangor Bhd (KPS), which is being sued — together with Menteri Besar Selangor (Inc), or MBI, and the Kuala Langat land administrator — by three individuals for alleged fraud involving a land transaction in Kuala Langat, said the deal occurred 42 years ago.
Noteworthy:
When: August 2023
UEM Sunrise Bhd today announced its financial results for the nine months ended Sept 30, 2023 (YTD 3Q2023), with reported revenue of RM917 million driven mainly by its Central developments namely Residensi AVA in Kiara Bay, Residensi Allevia in Mont’Kiara, Serene Heights in Semenyih, and supported by its Southern developments such as Aspira ParkHomes, Senadi Hills and Aspira Gardens in Iskandar Puteri.
Property developer Crescendo Corp Bhd (CCB) is stepping up its land sales in Pulai, Johor.
The government and town planners are stepping up efforts to transition the nation’s towns and cities into liveable communities with opportunities for a high quality of life, affordable homes, cleaner environment and green transportation options.
The outlook for the property sector in Malaysia is expected to remain positive, according to MIDF Research, based on the current healthy loan applications, higher approved loans, and potential new infrastructure projects.
Property developer LBS Bina Group Bhd is planning to raise up to RM750 million via sukuk for capital expenditure, investments, working capital and refinancing.
Teo Seng Capital Bhd is selling a leasehold two-storey detached factory in Singapore for SG$8.5 million (about RM29.41 million), as the 19-year-old property remains under-utilised, since most of the group’s egg exports are directly delivered to wholesalers in the island nation.
A total of 26,286 completed houses, valued at RM18.3 billion, were reportedly unsold in the second quarter of 2023 (2Q2023).
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