Jasa Kita Bhd is disposing of a parcel of land for cash consideration of RM43.08 million in a related party transaction.

Sunway Bhd has clarified that there was no valuation made by independent registered valuer on the 559-acre prime industrial land in Batu Kawan, Penang which it acquired from Penang Development Corp (PDC).

Unitholders of KIP Real Estate Investment Trust (KIP REIT) on Wednesday voted in favour of the REIT’s proposal to acquire KIPMall Kota Warisan in Sepang for RM80 million.

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.