News about aw

Developed by Eco Horizon Sdn Bhd, CERIA is an upcoming serviced apartment project within the established Eco Horizon township in Batu Kawan, Penang.

In a filing with Bursa Malaysia on Thursday, Rimbunan Sawit said it had entered into a rescission agreement with LHSB to mutually terminate the JV agreement signed in April 2001.

Of note is that SkyWorld is the first Malaysian developer to offer Maybank MyDeco Financing for a newly launched project during its construction phase.

A single-storey industrial building equipped with an automated storage and retrieval system (ASRS) will be developed on the land, according to the group in a filing with Bursa Malaysia on Friday.

All units are designed for multigenerational living, with layouts that include family areas, private terraces, powder rooms and rooftop openings in selected penthouses.

The land, valued at RM113 million, is being bought below market price.

The contract is for a duration of 24 months from the site possession date, which is expected to be at the end of June.

Its property development business turned to loss in absence of a land sale profit last year, while its investment segment profit also shrank.

BPMB said the financing was evaluated using its Measuring Impact on National Development framework, which checks alignment with the 12th Malaysia Plan and ESG goals.

The clarification came after the group announced via a bourse filing on Tuesday that it had filed a notice of discontinuance for the suit, which has been consolidated under a main suit.