KUALA LUMPUR (June 3): IOI Corporation Bhd said its joint venture in Sarawak, IOI Pelita Plantation, has signed a landmark final settlement agreement with eight local communities, ending a decades-long land dispute.

Noteworthy:

• Freehold
• Built-up: 5,123 sq ft
• Land size: 1,707 sq ft
• Semi-furnished
• Amenities: SS2 commercial district – banks, restaurants, cafes, etc, and malls – Paradigm Mall Petaling Jaya, Starling Mall, Atria Shopping Gallery and Giant Kelana Jaya
• Accessibility: Lebuhraya Damansara-Puchong (LDP), Sprint Highway, New Klang Valley Expressway (NKVE)

When: December 2021

Upon completion, the 320m elevated pedestrian link bridge will be an integral part of Damansara Avenue's mobility architecture. It is poised to connect the development directly to the Sri Damansara Sentral MRT Station, bringing Damansara Avenue and Bandar Sri Damansara all within walking distance of transit.

In a press statement on Wednesday (June 1), Sime Darby Property group managing director Datuk Azmir Merican said East 57 attracted strong demands even before the launch, due to the limited supply of well-designed landed units in the KL East and Melawati area.

Noteworthy:

• Leasehold
• Built-up: 1,885 sq ft
• Land size: 1,300 sq ft
• 4 bedrooms, 2 bathrooms
• Semi-furnished
• Amenities: Gated and guarded, clubhouse, AEON Rawang, Tasik Puteri Golf and Country Club, Bandar Country Homes commercial hub and schools
• Accessibility: North-Sourth Highway (PLUS), New Klang Valley Expressway (NKVE) and KL-Kuala Selangor Expressway (LATAR)

When: January 2022

Sime Darby Property Bhd achieved a total of RM11 million in sales bookings during the Hari Raya open house weekend of May 21 and 22.

Malaysian Resources Corp Bhd (MRCB) said its first quarter (1Q) net profit soared 170% to RM14.03 million from RM5.2 million a year ago, helped by the full consolidation of the Light Rail Transit 3 (LRT3) project.

Country Heights Holdings Bhd (CHHB) posted a net profit of RM2.03 million for the first quarter ended March 31, 2022, versus a net loss of RM5.17 million in the previous year’s corresponding quarter, helped by better performance of its business segments.

Mah Sing Group Bhd's first quarter (1Q) net profit rose 7.19% to RM43.18 million from RM40.28 million a year earlier, on higher revenue from its property development business.