KUALA LUMPUR (Dec 25): Axis Real Estate Investment Trust (Axis REIT) is acquiring a piece of land siting two blocks of factory and a double-storey office building at the Bukit Raja Industrial Area, Selangor from Lion Steelworks Sdn Bhd for RM37 million – about 5% lower than its market value.
PETALING JAYA (Dec 23): Property consultancy Knight Frank Malaysia has listed development sites and industrial properties as the star performers in Malaysia's commercial property segment in 2019 based on their decent transaction value growth.
KUALA LUMPUR (Dec 9): The Second Construction Co Ltd of China Construction Third Engineering Bureau, a key enterprise of China State Construction Engineering Corp (CSCEC), is said to have shown interest in Malaysia and Asean's first Halal Gelatin Industrial Park to be developed by Sanichi Technology Bhd.
KUALA LUMPUR (Dec 6): It is no secret that the Malaysian construction market has slowed down markedly since the 14th general election in May last year, but the situation is so dire that certain contractors are putting in below cost bids just to keep their staff employed.
KUALA LUMPUR (Nov 27): Integrated industrial space solutions provider AME Elite Consortium Bhd's net profit for the second quarter ended Sept 30, 2019 doubled to RM20.
KUALA LUMPUR (Nov 26): Sime Darby Bhd’s net profit rose 9.
KUALA LUMPUR (Nov 23): China-based construction firm Jiangsu Provincial Construction Group Co Ltd (JPC) is working with a local company and a co-operative to construct up to a million affordable homes in Malaysia, The Star reported today.
KUALA LUMPUR (Nov 15): Amalgamated Industrial Steel Bhd (AISB) is acquiring five parcels of land near the under-construction Damansara Damai MRT station in Sungai Buloh for RM31 million.
KLANG (Nov 13): Bandar Bukit Raja Industrial Gateway (BBRIG), a joint-venture development by Sime Darby Property, Mitsui & Co Ltd and Mitsubishi Estate Co Ltd, has secured two major tenants, which will start operations there in 3Q2020.
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