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Based on its Bursa filing on Wednesday, both parties have also entered into a subscription and shareholders agreement (SHA) for the incorporation of a special purpose vehicle (SPV) to implement the joint venture.

DONE DEAL: Terrace house, Emerald Hills, Kuala Lumpur DONE DEAL: Factory, Klang, Selangor The commercial land is situated nearby Taman Tasik Titiwangsa, Kuala Lumpur and it comes with an array of conveniences and facilities around the area.

"The fibre connectivity which is projected to be ready by the fourth quarter of 2023 will extend from Johor to the northern and southern borders of Peninsular Malaysia.

It noted that as Mass Rapid Transit 3 (MRT3) contract rollout could likely take a longer time — sometime in late 4Q2023 or early 1Q2024 — contractors may fill in the temporary void of local infrastructure jobs by focusing on industrial ones.

Excluded from the ban are six types of commercial properties: serviced apartments, small office home offices (SoHo), small office flexible offices (SoFo), small office virtual offices (SoVo), office suites and duplex offices.

The international event which took place yesterday in Miami, US, saw S P Setia’s Setia Eco Templer in Rawang, bagging the top accolade in the Master Plan category while Setia V Residences, Penang also took the top spot under the Residential High Rise category.

Sentral REIT said its management company, Sentral REIT Management Sdn Bhd, has accepted a letter of intent issued by MRCB to commence negotiations for the proposed acquisition.

RHB Investment in a note on Friday (June 9) said that about 88% of Gamuda’s outstanding order book is from overseas, thus warranting its upgrade, implying a 20% upside and circa 3% FY2024 (Jul) yield.

The implication of the MCO also meant that the group was unable to progress projects, but it continued to incur certain fixed costs such as rental costs, staffing, and borrowing costs that reflected into a weak financial performance the last couple of years, said the group.

“Our villas and bungalows are priced very attractively to younger market segments who aspire to luxury homes at affordable prices.