Johan Holdings’ unit to sell Lumut hotel and adjoining land for RM47.4m
KUALA LUMPUR (Feb 18): Johan Holdings Bhd (KL:JOHAN) said its 80%-owned unit is selling a hotel in Lumut, Perak, and three adjoining parcels of land for RM47.
GDB says no authorised investment scheme promising 20% return
KUALA LUMPUR (Feb 16): Construction services outfit GDB Holdings Bhd (KL:GDB) clarified on Monday that it has not issued, authorised or circulated any share investment scheme promising investors a 20% annual return.
GDB enters Sarawak property market with RM32.72m land purchase
KUALA LUMPUR (Feb 16): GDB Holdings Bhd (KL:GDB) is acquiring three parcels of leasehold land in Kuching, Sarawak for RM32.
Paramount’s FY2025 profit attributable up 16% to RM118.82 mil
PETALING JAYA: (Feb 16): Paramount Corp Bhd saw its profit attributable to ordinary shareholders rise 16% to RM118.
KIP REIT to fund RM160 mil Kinta City Mall expansion, securing 25-year lease with AEON
KUALA LUMPUR (Feb 13): KIP Real Estate Investment Trust (KL:KIPREIT) will fund a RM160 million expansion of AEON Mall Kinta City in Perak to secure a 25-year lease from AEON Co (M) Bhd (KL:AEON).
MRMA urges continuation of REIT tax framework to sustain sector growth
KUALA LUMPUR (Feb 12): The Malaysian REIT Managers Association (MRMA) has appealed for the continuation of the withholding tax framework for real estate investment trusts (REITs), calling it a critical support mechanism as the sector enters a new growth phase.
PN17 TXCD gets RM119.1 mil in construction subcontracts from Vestland
KUALA LUMPUR (Feb 12): TXCD Bhd (KL:TXCD), a construction and property development player formerly known as Ageson Bhd and a Practice Note 17 (PN17) company, announced it has secured subcontracts valued at RM119.
Appellate court rules single JMB should manage mixed developments, residential and commercial properties allowed to have different rates
PUTRAJAYA (Feb 12): In a landmark judgement last week involving a property development project in Penang, the Court of Appeal (COA) ruled that for mixed developments, a single joint management body (JMB) should operate, and there should not be different managements for commercial and residential properties in the running of maintenance and management of the development.
Damansara Heights, Kuala Lumpur bungalow sold for RM7.15m | DONE DEAL
Marque @ Jalil, Selangor terrace house sold for RM1.
High Court orders Suria Lake Town developer to facilitate issuance of strata titles to purchasers
KUALA LUMPUR (Feb 11): The High Court has ordered developer Segi Objektif (M) Sdn Bhd to facilitate the issuance of strata titles within 12 months to purchasers and the joint management body (JMB) of Suria Lake Town A and B at Bukit Merah Laketown Resort.
