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In a filing with Bursa Malaysia on Tuesday, the group said the three parcels, with a total land area of 18.

DONE DEAL: Bungalow, Taman Pantai, Bangsar, Kuala Lumpur DONE DEAL: Terrace house, Sierramas West, Selangor Desa ParkCity remains highly exclusive and desirable, with 68% of households falling into the T-20 income range, and average transacted prices for landed residential properties never dipping once in the past five years.

"This initiative also aligns with our ongoing ESG (environmental, social, and governance) commitment to encourage property buyers to adopt greener living, reduce carbon footprint, and embrace a cleaner and greener future.

"The acquisition marks a significant milestone in Maming Group of Companies' strategic plan to expand its footprint in the Malaysian property development industry.

The loss-making company added that it expects the contract to contribute positively to its revenue and earnings from the financial year ending June 30, 2025 onwards.

This timeline is contingent on the successful completion of all necessary commissioning and testing, according to Transport Minister Anthony Loke Siew Fook.

The latest contract win boosts Binastra's year-to-date new contract total to RM1.

Once an abandoned project called Selayang Star City, the development is revived as 168 Park Selayang by the white knight Infra Segi.

The GBI rating tool was introduced by PAM and ACEM in 2009.

The co-working space will provide features such as 24-hour access, administrative support, parcel collection services, a quiet breakout zone, private phone booths and a snooze lounge to enhance productivity.