Maybank Investment Banking Group (Maybank IBG) viewed UEM Sunrise Bhd's unsuccessful acquisition of a freehold parcel of land along Jalan Semarak in the Kuala Lumpur city centre as a positive, as the deal would have led to its involvement in the highly competitive and over-supplied retail, office and hotel segments of the property market.

Ingenieur Gudang Bhd is buying a firm that has acquired the interest in 164 units of retail lots in a commercial complex in Pandan Perdana.

Noteworthy:

• Freehold
• Land size: 69,471 sq ft
• Unfurnished
• Nearby amenities : convenience stores, schools, hospitals, Batang Benar KTM Station, KTM Nilai
• Accessibility : PLUS Highway, Kajang-Seremban Highway (LEKAS), ELITE highway

When: December 2022

Want to savour the taste and environment of Taiwan without having to take a flight all the way there? Then head over to Tropicana Metropark Property Gallery, Subang Jaya, this weekend (Feb 11 and 12) to check out a Taiwanese Street Market Event.

Hektar Real Estate Investment Trust (Hektar REIT) said it carried out a revaluation on six of its investment properties, resulting in a net fair value gain of RM41.6 million.

Crescendo Corp Bhd (CCB) is buying three plots of land measuring 109.855 acres in Kota Tinggi, Johor, to expand its landbank.

Retailers and hoteliers are urging the government to provide commercial users a moratorium till end-2023 on the newly implemented electricity surcharge — which has been upped to 20 sen per kWh since the start of this year from 3.7 sen per kWh throughout 2022 — so that their businesses can first recover from the pandemic's impact.

Malaysia’s overall residential overhang situation has improved in the third quarter of 2022 (3Q2022) to 29,534 units, from 34,092 units in the previous quarter, according National Property Information Centre (Napic) director Aina Edayu Ahmad.

UEM Sunrise Bhd’s plan to buy a freehold land situated near the Kuala Lumpur Convention Centre (KLCC) has fallen through after conditions precedent under the sale and purchase agreement (SPA) were not fulfilled within the conditional period, which expired on Tuesday (Feb 7). 

Putrajaya Holdings Sdn Bhd (PjH) kicked off the year with the launch of Residensi Sakura in Precinct 11, Putrajaya on Feb 4 and 5.