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The contract was awarded to its wholly owned unit Kitacon Sdn Bhd by Sime Darby Property (BBR3 Asset 1) Sdn Bhd, a wholly owned subsidiary of Sime Darby Property Bhd (KL:SIMEPROP).

The decision to cancel the land deal was due to vendor Megan Mastika Sdn Bhd’s failure to fulfil conditions precedent despite extensions granted by Teladan's wholly owned unit Asal Harta Sdn Bhd, according to the property developer.

The expansion plans include the construction of a large new factory to accommodate growing production needs, Notion VTec said in a filing with Bursa Malaysia on Thursday.

When the three properties are fully leased, CLMT is expected to generate an annual gross rent of RM5.

The company previously said the land “presents a strategic opportunity” for long-term value growth.

Established in 2006, Pelaburan Hartanah is the property investment arm of Yayasan Pelaburan Bumiputera, aimed at facilitating Bumiputera investments in commercial properties.

It is acquiring the stake through its wholly owned subsidiary, Ann Joo Management Services Sdn Bhd (AJMS), from KESB director Datuk Ong Tee Thong, according to a Bursa Malaysia filing on Tuesday.

“This isn't just about celebrating, but it is about inspiring the next generation to pursue careers in our field, and highlighting the vital role we play in shaping a future that blends art, technology and sustainability.

The development features 1,000 units spread across three 26-storey blocks and one 27-storey block, with built-ups ranging from 900 sq ft to 1,959 sq ft.

Batu district, well known for affluent neighbourhoods such as Mont’Kiara and Desa Park City, emerged as a top performer, particularly within the serviced apartment segment.