News about myedgeprop

The legislation, also known as Act 118, currently does not cover commercial projects such as shop lots and offices, while only regulating residential projects by requiring developers to obtain licences with strict conditions, said Housing and Local Government Minister Nga Kor Ming.

MIP Youth Wing chairman TPr Zuliana Mat Zawawi said YPLab, introduced about 15 years ago, is a multidisciplinary competition programme aimed at nurturing young professionals.

LSH Capital said it respects the former operator's right to appeal, and that the company is confident in the judicial process and the legitimacy of its position as a concessionaire.

The company disclosed that its wholly owned subsidiary, ECML Hotels Sdn Bhd, executed a conditional sale and purchase agreement with Wealthpro Holdings Sdn Bhd for the disposal of the 258-room hotel.

Axis REIT said proceeds from the sukuk issuance will be used to finance capital and development expenditure, working capital, general corporate purposes and to refinance existing or future Islamic financing.

This marks IJM Construction’s fourth data centre project in Johor.

Turiya, in a filing with Bursa Malaysia, said it is buying the 31-year-old office building from Sentral Real Estate Investment Trust (REIT) (KL:SENTRAL) to boost revenue, quickly attract tenants, and diversify income away from its semiconductor business.

Condominium prices also charted steady growth, with average transacted values rising 3.

Genting Malaysia said the deal will see Empire Resorts sell key non-casino properties—including the 332-room Resorts World Catskills (RWC) and the 99-room Alder Hotel, a 18-hole Monster golf course, the 2,500-seat RWC Epicenter, and restaurants—to a local development body, Sullivan County Resort Facilities Local Development Corporation (SCRFLDC), which will run them as public assets.

Datuk Zaini Yusoff, who joined S P Setia from I&P Group Sdn Bhd in 2017, has been serving as chief operating officer since 2023.