News about S

The company will be working on Sydney Metro West stations in a contract valued at RM7.

The policy thrust is steering developers towards mass-market and mid-range products, supported by financing incentives including housing guarantees, stamp duty exemptions and tax reliefs for homes priced below RM750,000.

Developed by Magma Kiara Sdn Bhd, a subsidiary of Magma Property, Wolo Mont Kiara KL comprises a residential component under the WOLO brand and a hotel affiliated with Design Hotels, part of Marriott Bonvoy.

The scope of works includes road and drainage construction, sewerage works, water reticulation and other ancillary works.

The property comprises about 72,356 sq ft of land, with an additional 23,357 sq ft of extra land, and a gross floor area of about 33,350 sq ft.

In a bourse filing, the group said the acquisition will allow it to launch development swiftly, as approvals have already been secured.

Sime Darby Property said the initiative reflects its commitment to fostering inclusive, community-driven townships, while leveraging Elmina Lakeside Mall’s accessibility to encourage public participation.

Scientex, which also develops properties, said it is well-positioned to capture growth opportunities in the affordable housing segment and expects sustained growth backed by “a solid pipeline of developments and a stable outlook.

The group has set a target to launch over 10,000 units a year.

Bayu68 comprises single- and double-storey shops ranging from 1,650 to 6,203 sq ft.