The Penang Court Mediation Centre has fixed July 2 for a further mediation session between Chief Minister Chow Kon Yeow and former deputy chief minister II Dr P Ramasamy in relation to defamation proceedings stemming from the disputed Batu Kawan land deal.

Noteworthy:

• Built-up size: 2,960 sq ft
• Floor level: High
• 5 bedrooms, 6 bathrooms
• Fully furnished
• Nearby amenities: ParkCity Medical Centre, The Central Park, The Waterfront @ ParkCity, Plaza Arkadia, The International School @ ParkCity
• Accessibility: SPRINT-Damansara and Penchala Links, LDP, DUKE Highway, Jalan Desa Kiara, Jalan Segambut

When: January 2025

Trinity Group Sdn Bhd is set to launch Phase 2 of its Trinity Sensoria residential development in Ampang North soon, following the complete take-up of the RM172 million Phase 1 within six months of its soft launch.

Sime Darby Property Bhd’s SJCC East One phase one recorded an 80% take-up within hours of its release.

IGB Real Estate Investment Trust (KL:IGBREIT) rose on Wednesday following its plan to buy the Mid Valley Southkey Mall in Johor Bahru for RM2.65 billion in a cash-and-units deal.

CIMB Securities sees significant potential in SD Guthrie Bhd’s (KL:SDG) proposed joint ventures (JVs) to develop industrial parks in Port Dickson and Carey Island, but notes that the financial impact will hinge on the speed of land sales and income generation from the developments.

Physical progress on Package 20 of the Pan Borneo Highway project in Sabah remains low at just 1.6%, despite the Letter of Acceptance (SST) having been issued nearly eight months ago, Deputy Chief Minister III Datuk Shahelmey Yahya said.

China Communications Construction (ECRL) Sdn Bhd (CCC-ECRL) said it has "wholly disputed" an alleged outstanding payment claim of RM15.22 million made by a subsidiary of Advancecon Holdings Bhd (KL:ADVCON) in relation to the latter's works on the East Coast Rail Link (ECRL) project.

Aveo Group, an Australian retirement-living operator in which Mulpha International Bhd (KL:MULPHA) has an indirect 15% stake, will be sold to another firm Down Under, according to news reports.

Bonia Corp Bhd (KL:BONIA) is acquiring the remaining 10% stake in its property investment subsidiary, Casa Bologna Sdn Bhd (CBN), from One Seafood F&B Sdn Bhd for RM2.1 million.