The Johor wealth exchange: IOI Prop banks the land as AME Elite builds the future
PETALING JAYA (March 9): Johor’s role as Malaysia’s fastest-growing investment corridor is beginning to reshape how property developers deploy capital.
PETALING JAYA (March 9): Johor’s role as Malaysia’s fastest-growing investment corridor is beginning to reshape how property developers deploy capital.
KUALA LUMPUR (March 9): Construction and property player AME Elite Consortium Bhd (KL:AME) is acquiring two parcels of freehold land measuring a total of 31.
KUALA LUMPUR (Feb 4): AME Elite Consortium Bhd (KL:AME) has secured a RM214.
The sale “highlights the strong market demand for our high-specification facilities and the institutional-grade nature of our industrial parks”.
Quarterly revenue jumped 140.
AME Elite said revenue from the property development segment rose 63.
All other segments recorded revenue growth except for the engineering services segment, which declined due to progression in the completion stage of ongoing engineering projects.
AME Elite plans to allocate the majority of the proceeds towards further development of i-TechValley, as well as other industrial property projects and investments.
“Overall, the board of directors expects the group to achieve better financial performance for FY2025,” AME Elite said.
SD Guthrie said the park will be developed on 641 acres of land in its estate in Kulai as a hub for high-value industries such as logistics, advanced manufacturing and clean technologies.