News about Johor

The sale “highlights the strong market demand for our high-specification facilities and the institutional-grade nature of our industrial parks”.

The agreement provides a framework for further negotiations towards a definitive agreement, SD Guthrie and Permodalan Darul Ta’zim said in a joint statement.

The letter of appointment was received from “one of the leading multinational technology corporations headquartered in the US”, with the client’s identity undisclosed.

The contract covers the execution and completion of a 50-storey building.

Allgreen's multi-phase redevelopment of Johor Bahru City Square aims to transform the mall into a modern lifestyle hub and add new hotel apartments to capture demand from the upcoming Johor Bahru-Singapore RTS Link.

The 15-month contract period commences on Dec 15, and is scheduled for completion on March 14, 2027.

PGB plans to allocate the proceeds toward disposal-related expenses, partial repayment of bank borrowings and working capital.

YTL Hotels had announced the acquisition of the Thistle Johor Bahru hotel from GuocoLand Ltd for RM150 million in September this year.

In a statement, SD Guthrie group managing director Datuk Mohamad Helmy Othman Basha said industrial development is set to become an important pillar of the group’s future growth.

The freeport is envisioned to offer tax exemptions on energy and maritime businesses, import-duty exemptions on most raw materials and equipment for manufacturing, unrestricted capital and profit repatriation, and allows 100% foreign ownership subject to conditions.