News about S

PUTRAJAYA (April 13): A three-member Federal Court bench on Wednesday (April 13) dismissed a motion for leave to appeal by Johor developer Country Danga Bay Sdn Bhd against damages awarded to seven buyers over late delivery of their service apartments.

PETALING JAYA (April 13): Sunway Property has collaborated with Persatuan Fotografi Selangor dan KL (PFSKL) to host a wellness-themed photography contest at Sunway Serene, Petaling Jaya.

KUALA LUMPUR (April 12): The Malaysia Retailers Association (MRA) said on Tuesday it is appealing to the government to review and stagger the minimum wage hike of 25% come May 1, 2022 for the retail industry.

KUALA LUMPUR (April 12): Petroliam Nasional Bhd (Petronas)-controlled real estate entity KLCCP Stapled Group hopes 2022 will be a better year for the property group, although business is unlikely to return to pre-Covid-19 levels during the year as business recovery from movement restrictions will take time, according to chief executive officer Md Shah Mahmood.

PUTRAJAYA (April 12): Property developer S P Setia Bhd has inked a memorandum of understanding (MoU) with Tenaga Nasional Bhd (TNB) to install solar panels across S P Setia’s upcoming residential projects.

PETALING JAYA (April 12): Knight Frank Malaysia expects to see an increase in hotel transactions over the next 24 months, supported by improved appetite of hotel owners and operators as shown in its latest market survey report.

KUALA LUMPUR (April 12): Axis Real Investment Trust (REIT) is acquiring a logistics warehouse facility in Pelabuhan Tanjung Pelepas (PTP) in Johor for RM390 million cash, its largest acquisition to date.

PETALING JAYA (April 11): The Sime Darby Property Bhd and LOGOS SE Asia Pte Ltd announced that their joint venture (JV) company — SDPLOG — has successfully secured preliminary commitments of 50% for the first close of its inaugural Industrial Development Fund at US$250 million (RM1 billion).

KUALA LUMPUR (April 11): RHB Investment Bank Bhd said the property sector should generally benefit from the re-opening of the economy and international borders.

KUALA LUMPUR (April 11): Sunway Real Estate Investment Trust (Sunway REIT) has appointed Tan Sri Amirsham Aziz, a former Minister as well as former Maybank president and chief executive officer, as its new chairman effective Friday (April 8).