News about IT

For the 9MFY2024, the REIT’s NPI rose 24% to RM191.

Quarterly revenue grew 4% to RM207.

This is LFE Corp’s third contract from Puncakcity Development this year.

At end-September, the retail segment contributed about 94% to the REIT’s total revenue while occupancy rates of the seven KIPMalls stood at 90.

Exsim Hospitality also said the contract will begin from Oct 18, subject to further confirmation by the main contractor.

The independent adviser noted the RM119.

LSH33 is a mixed development comprising one block each for the Malaysian Civil Servants Housing Programme (PPAM) with 300 units, Residensi Wilayah (300 units), and open market condominium (300 units).

“The new owners inheriting these properties may end up having to sell their ancestral home as they cannot afford to pay the imposed tax, thus losing their home and an investment kickstarted by their deceased family, and discourage long-term ownership of properties,” said REHDA president, Datuk Ir Ho Hon Sang.

Cypark said the partners plan to integrate renewable energy sources and modern energy management systems, including battery storage solutions, to ensure firm and cost-efficient power supply to the industrial park.

The Penang-based mechanical, electrical and process utilities design and engineering services provider did not name the multinational company.