Hektar REIT to buy, lease back school campus for RM125 mil

KUALA LUMPUR (May 23): Hektar Real Estate Investment Trust (KL:HEKTAR) plans to acquire and lease back an international school campus near Setapak in Kuala Lumpur for RM125 million, marking its latest push into the education asset segment to diversify beyond retail properties.

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13MP: All new large-scale housing developments must build schools

Prime Minister Datuk Seri Anwar Ibrahim said the initiative aims to address overcrowding and the lack of suitable land for education facilities, particularly in urban areas KUALA LUMPUR (July 31): Construction of schools will be made a condition for planning permission in new large-scale housing projects under the 13th Malaysia Plan (13MP).

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