SkyGate Solutions to dispose of Bayan Lepas factory for RM39.8m
The asset, originally purchased in April 2017 for RM15.
The asset, originally purchased in April 2017 for RM15.
Described as the “highest peak of Equine park”, KAIA Heights Phase 2 offers residents unobstructed views, with one side overlooking Merdeka 118 and the other facing the Putrajaya Mosque.
As at June 30, 2025, S P Setia’s total borrowings stood at RM8.
The township’s first residential phase, Soren, was launched in March 2025, and has reached an 80% take-up rate.
LBS Bina said the JV offers a strategic opportunity to expand its commercial portfolio, leverage state-endorsed infrastructure investments, and tap into the long-term demand for industrial space.
The sale was completed on Oct 24, Mulpha noted.
The contract award marks the main construction phase for the hyperscale data centre, which Sime Darby Property previously secured through a long-term build-and-lease agreement announced in December 2024 with Pearl Computing Malaysia Sdn Bhd.
Under the acquisition, Sunway will assume ownership of MCL Land and its subsidiaries, including ongoing development projects in Singapore and a portfolio of income-generating and development assets in Malaysia.
Under the partnership, Aman Setia will construct the asset and lease it to GCH Retail, the operator of one of Malaysia’s longest-established supermarket brands.
Net profit for the quarter rose to RM23.