Astino to buy 21-acre land in Penang for RM30.41m
The purchase is “purely for investment purposes”, the metal building material maker said.
The purchase is “purely for investment purposes”, the metal building material maker said.
Approval for advance works under Section 20A of Town and Country Planning Act 1976 was received on April 15, 2025, MRT Corp said in a Sunday statement.
The contract involves the construction of residential units across two phases.
PWCC is a flagship component of The Light City, a major waterfront development along Penang’s eastern coastline.
This marks the fourth contract Kerjaya Prospek has secured since the beginning of the year, bringing its outstanding order book to over RM4.
Sales in its property segment rose 56% year-on-year to RM1.
Kerjaya Prospek (M) Sdn Bhd, had accepted a letter of award from TPDSB for the execution and completion of a Gurney pedestrian ramp, access to Gurney and all associated works at Bandar Tanjung Pinang, Pulau Andaman.
Northeast said the move aims to mitigate delays in its factory expansion caused by regulatory requirements.
Construction started in October 2023, and the hotel is scheduled to open in the first quarter of 2026.
The acquisition brings Hektar REIT’s portfolio to eight properties, which currently include shopping malls and an educational facility.