Performance of property market in tandem with ramp-up of economic activities, says Knight Frank Malaysia
Recovery in the residential property sector continues, albeit at a slower pace amid rising borrowing costs and growing inflationary pressure.
Tex Cycle to sell two factories for RM19 mil
The group is selling the two-storey and one-and-half-storey factories, located on leasehold land in Taman Perindustrian Kinrara, to Sedaya Rasmi (M) Sdn Bhd.
Perak Corp gets new CEO after Zainal Iskandar left nearly four months ago
Rosmin joined Sime Darby Property Malaysia in June 2018 as the senior vice-president for Malaysia Vision Valley project.
Radium Development gets SC's nod to list on Main Market
Radium said it is currently developing projects with a cumulative GDV of RM1.
UEM Edgenta serves winding-up petition to AZRB’s unit
As at Nov 30, 2022, AZRB said discussions were still ongoing and as such, AZSB did not make payment that was due.
Analysts see possible minor reviews, delay in MRT3 awards and tenders to late 1H2023
Post election, it noted, there are uncertainties over the timing of mega infrastructure rerating catalysts.
Majuperak to dispose of 134.2ha land to Perak Agro Corporation for RM9.53m as debt settlement
The group said that the land, located in the Mukim Sungai Tinggi District of Larut & Matang, is currently charged to Perak Agro Corporation Sdn Bhd as security to the loan owed by Majuperak.
Paragon Union to sell Cheras industrial land to D’nonce Technology for RM17.5 mil
Paragon Union said the disposal provides an opportunity for the group to unlock and realise the value of the property, which it expects to record a net pro forma gain of RM11.
Purchasers go to court in bid to oppose Empire Remix corporate voluntary arrangement
Ranjan Chandran, the lawyer for the 36 buyers who are seeking to be interveners to oppose the CVA, submitted on Wednesday (Jan 4) that the CVA was usually intended for ailing companies and not for abandoned developments.
Promotions at Knight Frank Malaysia: Keith HY Ooi is group managing director; Sarkunan Subramaniam made group executive chairman
Move “is part of the company’s succession plan and is in line with its growth strategy, after commemorating its 20th anniversary last year”.
