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JHM said the acquisition is a critical investment for the company’s expansion.

"Earnings for retail REIT will continue to be supported by positive rental reversion as the retail industry remains buoyant with strong shopper footfalls at malls," said MIDF, which has six REITs under its coverage.

The project comprises 1,063 units, spread over two towers, with built-up size of 1,000 sq ft and 1,120 sq ft.

Phase 2 of Ridge View is part of the larger Ridge View landed hilltop residential development in Puchong, which will be developed in six phases.

BNM on Thursday announced that the overnight policy rate (OPR) will remain at 3% following the Monetary Policy Committee’s two-day meeting, which aligns with expectations from economists surveyed by Bloomberg.

According to the group's latest annual report, Joanne Lee Sor Phaik was appointed to the position on July 13, 2023.

Under the agreement, SysAIU is responsible for sourcing all necessary equipment and infrastructure for the project, including graphics processing units (GPUs), servers, storage systems and cooling equipment.

Recently, the builder and developer has been in the spotlight due to a dispute with its former chief executive officer Datuk Loh Yuen Tuck.

Its outstanding order book now amounts to RM2.

According to UN-Habitat, cities of the future can accommodate at least 15,000 people per km², that is 150 people/ha or 61 people/acre, and we need to assess if our city meets that ratio in sustainable urban growth.