News about properties

In a separate filing, Chin Hin stated the revocation and said the land would be sold to a new third-party buyer instead.

The company aims to capitalise on Senawang’s rapid growth while addressing the region’s rising demand for affordable housing.

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IOI Properties’ hospitality & leisure segment more than doubled its revenue, primarily driven by contributions from three new additions to the portfolio, namely Moxy Hotel, W Kuala Lumpur and Courtyard by Marriott Penang.

The owners of strata properties (landed or multiple-storey) already bear the financial burden of maintaining their shared infrastructure and facilities through contributions to their joint management bodies, management corporations (MCs), or subsidiary management corporations.

Additionally, SCIB is seeking a court order to compel Awana to discharge SCIB as the corporate guarantor for the loan facility within 30 days from the date of judgment.

HLIB also highlighted IOI Properties as an overlooked beneficiary of the Johor-Singapore Special Economic Zone (JS-SEZ), holding the largest landbank in Johor among developers, totalling 5,200 acres.

Home financing solutions will be offered by AFFIN BANK to homebuyers of TH Properties’ current developments, namely Bandar Enstek, Warisan Puteri 2, and Padang Residences.

MUI Properties Bhd (KL:MUIPROP) executive chairman Boo Yeow’s latest deal saw the sale of a sizeable parcel of land near Port Dickson to Gamuda Bhd (KL:GAMUDA) for the latter’s data centre venture.

Koong Wai Seng, 57, was redesignated as an executive chairman of Epicon, formerly known as Konsortium Transnasional Bhd, on Oct 1.