EMKAY to soft launch The Ayu Residences on Oct 12
The Ayu Residences comprises 11-storey low-rise blocks, beginning with Block 1, which is now available.
Ivory Properties to be delisted on Oct 14 after Bursa rejects regularisation plan extension
Ivory Properties will continue to operate as an unlisted entity following its delisting.
Kampung Sg Baru redevelopment had no consent threshold at approval, says FT minister
As a result, the project went ahead under the Land Acquisition Act 1970, with 67% of landowners agreeing and the remaining 33% facing compulsory acquisition.
Govt says residents, not authorities, chose Kampung Sg Baru developer
Minister in the Prime Minister’s Department (Federal Territories) Datuk Seri Dr Zaliha Mustafa said residents themselves agreed to redevelop the area, selected the developer, and signed a deal without government interference.
Partnering Mitsui Fudosan in RM1.3b Semenyih project will reduce financial stress on S P Setia, analysts say
The joint venture will allow S P Setia to reduce its capital outlay for the project and comes at a time when the company is targeting to lower its financial leverage, according to MIDF Amanah Investment Bank and Kenanga Investment Bank.
GreenRE and SHAREDA ink agreement to boost sustainable development in Sabah
Both organisations aim to facilitate capacity-building and training programmes for developers in Sabah, support the certification of residential and commercial projects under the GreenRE framework, and enhance industry awareness of the economic and environmental advantages of sustainable development.
Malaysian city leaders say funding gaps hinder urban resilience—global survey
As cities absorb burgeoning populations, they are increasingly vulnerable to social and climate-related pressures ranging from inadequate infrastructure to public health crises.
Sunway Property launches Sunway Majestic, JB’s first SoHo development
The freehold project is located about 3km from the upcoming Johor Bahru–Singapore Rapid Transit System (RTS) Link and next to Sunway Commercial Square.
HLIB cuts Pavilion REIT to ‘hold’ as price surpasses target amid lower yield outlook
While Pavilion REIT continues to benefit from a rebound in tourism with expected drive spending and traffic at key assets such as Pavilion Kuala Lumpur and Pavilion Elite, the research house said the recent share price rally had already priced in much of this optimism and “tilted its risk-reward to be less compelling”.
Tropicana continues debt reduction efforts with RM139m sukuk redemption
In a statement, Tropicana said redemption under the sukuk programme, launched in 2020 to fund development plans, reflects efforts to manage its debt.
