News about US

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.

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.

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.

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).

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.

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.

PETALING JAYA (May 20): PropNex Malaysia's May open house this weekend (May 23 and 24) will showcase 17 homes from the Klang Valley, Penang and across the South China Sea in Sarawak.

KUALA LUMPUR (May 20): Malaysia’s housing financing structure may require a more sustainable approach as longer mortgage tenures are increasingly placing financial pressure on middle-income households and affecting long-term economic well-being.

PETALING JAYA (May 19): Sunway Real Estate Investment Trust (Sunway REIT) has completed its first issuance of sustainability-linked commercial papers (SLCPs) amounting to RM70.

PETALING JAYA (May 19): Stronger resident participation, local leadership and community stewardship can create a liveable, resilient and sustainable public housing, according to a study by Think City Sdn Bhd.