News about update

BATU KAWAN (April 11): PE Land Group will anchor Capstone Corporate Suites with a 35,000-sq ft regional office upon completion, marking a key milestone for the 36-storey Grade-A office tower in Bandar Cassia, and reinforcing Batu Kawan’s emergence as Penang mainland’s business hub.

PETALING JAYA (April 10): Nestcon Bhd is venturing into property development for the first time, proposing to acquire three parcels of freehold commercial land in Iskandar Puteri, Johor Bahru for a total of RM95 million through its indirect 70%-owned subsidiary, Nestcon Iskandar Puteri Sdn Bhd.

PETALING JAYA (April 10): Sunsuria Bhd has completed its acquisition of an additional 41% equity interest in KL City Gateway Sdn Bhd (KLCG), raising its total shareholding from 20% to 61%, and consolidating KLCG as a subsidiary of the group.

KUALA LUMPUR (April 10): Gagasan Nadi Cergas Bhd (KL:NADIBHD) has secured an en bloc sale of all 523 affordable housing units at its Idaman Casuarina 1 condominium project to the Selangor Housing and Property Board (LPHS) for RM134.

PETALING JAYA (April 10): EXAL Malaysia carried out a community outreach initiative in collaboration with Majlis Perbandaran Padawan (MPP), benefiting 31 underprivileged families across Kuching.

Silver Garden Precinct by Southern Gateway (M) Sdn Bhd is nestled within the 500-acre upmarket Adda Heights township, a well-established address along Johor Bahru’s vibrant Tebrau Corridor.

GEORGE TOWN (April 10): Mah Sing Group Bhd (KL:MAHSING) is revising its masterplan for Southbay City in Batu Maung with an increased plot ratio and new gross development value (GDV) of approximately RM1.

PETALING JAYA (April 10): Crescendo Corp Bhd's wholly-owned subsidiary Crescendo Development Sdn Bhd has entered into a conditional Sale and Purchase Agreement (SPA) to dispose of a 49.

KUALA LUMPUR (April 10): Property outfit Axteria Group Bhd (KL:AXTERIA) said it has proposed to acquire an 80% stake in Niaga Sari Sdn Bhd (NSSB) for RM35 million in cash, as part of efforts to strengthen its construction capabilities and support its property development activities.

KUALA LUMPUR (April 10): Property group Ideal Capital Bhd (KL:IDEAL) has proposed to undertake a bonus issue of one billion shares on the basis of two new shares for every one share held.