Encorp inks initial pact for Felda staff housing project
KUALA LUMPUR (June 5): Encorp Bhd (KL:ENCORP) has signed an initial pact that may lead to a contract to build staff housing for the Federal Land Development Authority.
Sapura Industrial proposes RM10.48 mil disposal of Melaka industrial land to unlock capital gains
PETALING JAYA (June 4): Sapura Industrial Bhd (SIB) has proposed to dispose of a vacant leasehold industrial land in Ayer Keroh, Melaka, to Loongsen Plastics (M) Sdn Bhd for RM10,477,260 in cash.
YLI to dispose of Penang industrial land for RM28.5 mil, book RM6.8 mil gain
KUALA LUMPUR (June 4): Pipe manufacturer YLI Holdings Bhd (KL:YLI) is selling two industrial land parcels in Prai, Penang, for RM28.
Sarawak longhouses have unique advantage as community tourism products, says Tiong
KUALA LUMPUR (June 3): Sarawak longhouses have unique advantages that make them ideal community-based tourism products, said Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing.
Mulpha returns to the black in 1Q on higher Australian property sales
KUALA LUMPUR (May 29): Real estate developer Mulpha International Bhd (KL:MULPHA) swung back to profit in the first quarter, lifted by stronger property settlements in Australia and improved contributions from its hotel operations.
ETA Group to acquire Bandar Sri Damansara industrial property for RM16.5 mil
PETALING JAYA (May 28): Property and construction group ETA Group Bhd, formerly known as Rex Industry Bhd, is proceeding with the proposed acquisition of a freehold industrial property in Bandar Sri Damansara, Selangor, for RM16.
Hektar REIT to buy, lease back school campus for RM125 mil
KUALA LUMPUR (May 23): Hektar Real Estate Investment Trust (KL:HEKTAR) plans to acquire and lease back an international school campus near Setapak in Kuala Lumpur for RM125 million, marking its latest push into the education asset segment to diversify beyond retail properties.
Aspen clarifies RM818 mil bid for Batu Kawan Industrial Park 2
GEORGE TOWN (May 22): Aspen (Group) Holdings Ltd, a member of the consortium which submitted a bid for the Batu Kawan Industrial Park 2 (BKIP2) project, said the RM818 million bid is the full guaranteed cash return payable to Penang Development Corporation (PDC).
KL Metro launches RM1.6 bil Lexis Hibiscus 2 with 15-year leaseback scheme
Nearly a decade after Lexis Hibiscus 1 entered the Guinness World Records for having the world’s most overwater villas in a single resort, Malaysian developer Kuala Lumpur Metropolitan (KL Metro) Group is doubling down on Port Dickson with a RM1.
EXSIM Hospitality bags RM45m Summit Hotel USJ revamp job
KUALA LUMPUR (May 21): Hospitality operator EXSIM Hospitality Bhd (KL:EXSIMHB) has secured a RM45 million contract from AmFIRST Real Estate Investment Trust (AmFIRST REIT) (KL:AMFIRST) to redevelop Summit Hotel USJ in UEP Subang Jaya, Selangor, into a 17-storey hotel with three basement levels.
