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Strategic priorities include divesting non-core assets, refinancing borrowings and generating more cash flow to service debt, S P Setia said in its annual report released on Wednesday.

The property developer and precision sheet metal fabrication manufacturer said the move is in line with the group's intention to diversify into the provision of workers’ dormitory accommodation and manpower management related services.

DONE DEAL: Semidee house, Taman Taming Indah, Selangor DONE DEAL: Semidee factory, Semenyih, Selangor Commercial real estate remains the sector with the highest average transaction prices at RM1.

“We are launching the CMC High-Tech Park because Cambodia is already home to some of the world’s biggest brands, and many of them are producing their goods near Phnom Penh and in close proximity to our new Park.

“The four packages have been awarded on March 22, with physical works poised to start on April 1.

Binastra said that as of end-January 2024, the group had 15 ongoing construction projects with an outstanding orde book of about RM1.

"The group is positive about the outlook of the construction industry, backed by strategic infrastructure, utilities projects, and the acceleration of projects under the 12th Malaysia Plan, 2021-2025.

A memorandum of understanding (MoU) was also signed between EcoWorld and GoldenHome Living Co Ltd to establish a strategic partnership in providing furniture such as kitchen cabinets, wardrobes and innovative product packages for EcoWorld’s residential, commercial and industrial developments.

Spanning about 10 acres, the freehold Bamboo Hills Residences will have three residential blocks on top of a retail podium, which will serve as a hub to provide convenient access to daily necessities and services.

MGB said the contract is for the development of two blocks of D’Island Residence service apartments, along with related facilities.