YNH says ALX Asset can’t raise enough fund to buy 163 Retail Park

Feb 06

“There are no liquidated damages or penalties that the company needs to compensate [concerning the SPA with ALX Asset].

Kimlun bags RM134m contract from Sunway unit to build houses in JB

Feb 01

The project, which is expected to be completed in the third quarter of 2026, is expected to contribute positively to Kimlun Group’s earnings and net assets for the financial years during the contract period.

Sunway REIT 4Q net property income falls 7%, declares 4.68 sen DPU

Jan 31

The contraction in Sunway REIT’s NPI was attributed to higher reversal of doubtful debt provision recorded in 4QFY2022 and the impact of increased Imbalance Cost Pass-Through (ICPT) electricity charges across all segments.

YNH Property now plans to sell 163 Retail Park to Sunway REIT for RM215m cash

Jan 30

YNH had previously inked an agreement in November 2022 to sell the mall for RM270.

Sunway REIT’s NPI rises 7% to RM137 mil

Nov 17

Looking ahead, the new offerings at Sunway Resort Hotel are expected to widen the REIT’s customer base and increase its market share.

Putrajaya urged to review ‘outdated and arbitrary’ housing affordability rule based on 30% of income

Nov 15

The current rule is also not based on the needs of Malaysian households, Ipsos Malaysia said in a statement.

Sunway says unit has not yet received termination letter from PDC on Batu Kawan Industrial Park 2 project

Oct 17

The termination of the agreement comes with a three months’ notice, PDC said.

Cancel state-owned land sale to Sunway’s Umech Land amid controversy, former Penang deputy chief minister Ramasamy tells PDC

Oct 16

“Once cancellation is done, action should be taken against those individuals whether in PDC or in the state government or outside responsible for this shoddy mess,” said Ramasamy, who is a former board member of PDC.