Hong Leong Investment Bank (HLIB) Research has maintained its “buy” rating for IOI Properties Group Bhd (IOIPG) at RM1.67, with a higher target price (TP) of RM2.48 (from RM2.10).

Noteworthy:

• Freehold
• Built-up size: 1,710 sq ft
• 4 bedrooms, 4 bathrooms
• Semi-furnished
• Nearby amenities : convenience stores, schools,Mid Valley Megamall, The Gardens Mall, LRT Sri Petaling, LRT Bukit Jalil
• Accessibility: Kesas highway, NPE highway

When: April 2023

YLI Holdings Bhd’s subsidiary, Laksana Wibawa Sdn Bhd, has accepted and received RM97.84 million in compensation for its land in Hulu Serendah, Selangor that was compulsorily acquired for a rail project.

RHB Research is still upbeat on industrial real estate investment trusts (REITs), as the demand and supply dynamics in the sector remain in favour of landlords, despite acquisitions declining after a sharp rise in valuations during the Covid-19 pandemic, which had compressed yields.

S P Setia Foundation, the charitable arm of S P Setia Bhd yesterday contributed 30 wheelchairs to six selected nursing homes, NGOs, and hospitals here, “marking its inaugural contribution outside of the Klang Valley”.

The Deputy Minister of Local Government Development (KPKT) Akmal Nasrullah Mohd Nasir officially launched the Housing Integrated Management System (HIMS) at Gamuda Cove Experience Gallery yesterday, and introduced the new feature -- integration with the private housing developers with Gamuda Land Sdn Bhd being the first.

Matrix Concepts Holdings Bhd has achieved 30% take-up rate for Levia Residences since its soft launch last August, said Matrix Concepts founder and group executive deputy chairman Datuk Seri Lee Tian Hock during the sale and purchase agreement (SPA) signing ceremony with the Malaysia Basketball Association (Maba) at Wisma Maba, Kuala Lumpur on Tuesday.

Noteworthy:

• Freehold
• Built-up size: 1,991 sq ft
• Land size: 1,760 sq ft
• 4 bedrooms , 4 bathrooms
• Unfurnished
• Nearby amenities:  Supermarkets, Setia City Mall, bus stations, cafes.
• Accessibility: New Klang Valley Expressway, Damansara-Shah Alam Elevated Expressway (DASH), Mutiara Damansara Interchange and DASH Penchala Interchange.

When: March 2023

“What we are talking about is how much our urban environment inherently facilitates or hinders walking for our day-to-day activities and life.”

On Sept 27, Sunway Bhd, through a statement, announced that its 70% owned subsidiary, Umech Land Sdn Bhd, had entered into a joint development agreement with PDC to develop a 559-acre prime industrial land in Batu Kawan, Penang, in exchange for a land entitlement of RM646.02 million.