AmanahRaya REIT, Urban Collection ink 15-year lease for former Holiday Villa Alor Setar
The 21-storey property has remained vacant since 2018, marking the revival of a key hospitality asset in Kedah.
The 21-storey property has remained vacant since 2018, marking the revival of a key hospitality asset in Kedah.
The programme is meant to “spark early interest in science, technology, engineering, and mathematics (STEM) among B40 students”.
Situated along Jalan Besar in Simpang Renggam, the land is strategically located near the North-South Expressway and surrounded by established residential, commercial and industrial zones.
Commercial activity has become a focal point of Sri Petaling’s transformation—prime stretches are now commanding some of the highest commercial values in the area, while tenants unable to keep up with rising rental rates have sought second-tier premises as alternatives.
The Cold Storage store will anchor the first phase of The Tenz.
GameOn was recognised by the Malaysia Book of Records as Malaysia’s fastest-growing entertainment centre, earning the award for “Most Edutainment Centres Launched in a Year” with the opening of eight outlets in 18 months.
D’Marina Bayu will be part of the larger township of Residensi D’Marina that promotes promote sustainable and connected living.
The sale helps Magma unlock value from a non-core asset, reduce debt, and focus on higher-growth areas.
One noted the lack of incentives for the property market and expected it to move steadily on its own steam again into 2026.
REHDA however expressed “trepidation pertaining the announcement to increase the stamp duty for foreign residential ownership, from the current 4% to 8%.