AmBank to buy Menara AmBank for RM331m from AmFIRST REIT in related-party deal
PETALING JAYA (June 9): AmBank (M) Bhd, a wholly-owned subsidiary of AMMB Holdings Bhd, has signed a conditional sale and purchase agreement (SPA) to acquire Menara AmBank from AmFIRST Real Estate Investment Trust (AmFIRST REIT) for RM331 million cash.
Malton unit to acquire 3.72-acre Johor Bahru development site for RM97.2 mil as part of landbank replenish strategy
PETALING JAYA (June 3): Malton Bhd's wholly owned subsidiary, Bukit Rimau Development Sdn Bhd (BRDSB), has entered into a conditional sale and purchase agreement (SPA) to acquire a 3.
Bank of America opens new office at Merdeka 118, reinforcing commitment to Malaysia
KUALA LUMPUR (May 13): Bank of America has opened its new office at Merdeka 118 here, underlining the bank’s long-term commitment to Malaysia.
Tropicana makes RM195.88m two-pronged landbank push into Langkawi, targeting tourism-driven development
PETALING JAYA (April 29): Tropicana Corp Bhd is deepening its bet on Langkawi's tourism-driven property market, with its wholly-owned subsidiary Tropicana Scenic Development Sdn Bhd (TSDSB) acquiring two separate parcels of land on the island for a combined consideration of RM195.
Paramount posts RM1b property sales for fourth straight year, acquires 363 acres of new landbank in 2025
PETALING JAYA (April 24): Paramount Corp Bhd has recorded property sales exceeding RM1 billion for the fourth consecutive year in its financial year ended Dec 31, 2025 (FY2025), as the developer pressed ahead with an aggressive landbank replenishment strategy, securing 363.
Maybank sets May 6 for Merdeka 118 move, anchoring world’s second-tallest building
PETALING JAYA (April 21): After years of delays, false starts and construction hold-ups, Malayan Banking Bhd (Maybank) has put a firm date on one of the most consequential office relocations in Malaysian corporate history.
What’s happening to KL’s older buildings?
This article appeared in the April 9, 2026 issue of the monthly print edition.
I-Bhd enters SPA with Al Rajhi Bank for commercial asset at i-City Finance Avenue
PETALING JAYA (April 8): I-Bhd has entered into a sale and purchase agreement (SPA) with Alrajhi Bank Malaysia for a commercial property within its i-City development, marking the entry of an international Islamic financial institution into the township’s growing commercial ecosystem.
S P Setia, Maybank roll out Raya campaign with MyDeco financing offering
PETALING JAYA (April 3): S P Setia Bhd (S P Setia) has introduced a Hari Raya Aidilfitri campaign featuring a range of purchase incentives, referral rewards and community-focused activities, aimed at new homebuyers, existing purchasers under its Citizen Setia programme, and the broader public.
