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“The completion of this land sale allows us to reallocate resources towards significant projects, reduce debt, and align with our asset-light strategy to enhance competitiveness," said S P Setia president and CEO, Datuk Choong Kai Wai.

Lamanda Chuping is a key initiative under the Perumahan Warga Felda programme, which was initiated by the government to address the growing demand for affordable homes among Felda’s second-generation families.

Chief executive officer Tai Eefan: “I am incredibly proud of our agents and negotiators for their hard work and dedication, consistently surpassing sales targets, demonstrating outstanding teamwork, and continuously improving their skills through training and seminars, which have collectively driven our success and raised our company's standards.

SkyWorld contributed RM50,000 to the sinking fund of SkyMeridien Residences’ management corporation to support the ongoing upkeep and maintenance of the property.

Still, WCT has had a great rally so far in 2024, as its stock price more than doubled at the end of last year, tracking a rally in the construction sector, largely fuelled by optimism about the government’s rollout of major infrastructure projects and contract awards in the private sector KUALA LUMPUR (Aug 5): Shares of construction and property group WCT Holdings Bhd (KL:WCT) plunged to their lowest in one month, after the stock exchange suspended intraday short-selling activities of the stock on Monday morning.

Last month, WCT announced plans to establish and list a real estate investment trust on the Main Market of Bursa Malaysia which will allow the group to monetise its investment properties.

Ecobuilt was served a winding-up petition by S-Form System Formwork (M) Sdn Bhd on April 24, concerning a claim of RM670,596.

Paragon Globe said its wholly-owned Paragon Business Hub Sdn Bhd (PBHSB) has inked a conditional sale and purchase agreement with Bridge Data Centres Malaysia, which is primarily involved in the provision of infrastructure for hosting, data processing services and related activities.

The construction firm said the contract, secured via its wholly owned Binastra Builders Sdn Bhd, covers demolition and construction of main building works comprising four floors of offices (560 units), as well as two basement levels.

Mitrajaya, which is involved in construction and property development, had been loss-making for three consecutive quarters, before turning around in the first quarter ended March 31, 2024 (1QFY2024) with a net profit of RM262,000.