GEORGE TOWN (May 13): The Penang Development Corp (PDC) will open a third round of bidding for the Batu Kawan Industrial Park 2 project (BKIP2) in Byram as its second request for proposal (RFP) failed to proceed.
PETALING JAYA (May 13): A Penang state assemblyman has proposed a 3% property transfer premium on buyers who are not from the state, in a bid to cool speculative demand and channel funds into affordable housing schemes for locals.
KUALA LUMPUR (May 13): Bursa Malaysia Securities Bhd has publicly reprimanded Ireka Corporation Bhd and fined seven of its directors a total of RM425,000 for breaching Main Market Listing Requirements.
PETALING JAYA (May 13): The Real Estate and Housing Developers' Association (Rehda) Malaysia has expressed support for the proposed introduction of an “Option to Purchase” (OTP) clause under the new Real Property Development Act, which is expected to replace the current Housing Development (Control and Licensing) Act 1966 (Act 118).
Anggerik Mokara, Selangor factory sold for RM18.
KUALA LUMPUR (May 12): Paradigm Real Estate Investment Trust (KL:PARADIGM) reported a net property income (NPI) of RM39.
PETALING JAYA (May 12): Metronic Global Bhd is disposing of a freehold industrial property in Shah Alam for RM9.
PETALING JAYA (May 12): UOA Development Bhd has confirmed the formal rescission of three sale and purchase agreements (SPAs) involving the proposed RM200 million sale of commercial properties to UOA Real Estate Investment Trust (UOA REIT), after unitholders voted down the deal.
PETALING JAYA (May 12): Nasdaq-listed Equinix, Inc has announced plans to develop KL2, a new purpose-built International Business Exchange data centre in Cyberjaya, Selangor, representing a total investment of over US$190 million (about RM747 million) — bringing the company's cumulative investment in Malaysia to over US$530 million across its four sites, based on previously reported figures.
PETALING JAYA (May 12): Despite a challenging global environment, Malaysia stands on comparatively firm footing.
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