Ingenieur Gudang to acquire interest in 164 units of retail lots at commercial complex
Ingenieur Gudang Bhd is buying a firm that has acquired the interest in 164 units of retail lots in a commercial complex in Pandan Perdana.
Hektar REIT sees gain of RM41.6 mil from revaluation of six assets
Hektar Real Estate Investment Trust (Hektar REIT) said it carried out a revaluation on six of its investment properties, resulting in a net fair value gain of RM41.6 million.
Crescendo buys three plots of land in Johor for RM67.5 mil
Crescendo Corp Bhd (CCB) is buying three plots of land measuring 109.855 acres in Kota Tinggi, Johor, to expand its landbank.
Retailers, hoteliers urge govt for moratorium on new electricity tariff after surge in energy bills
Retailers and hoteliers are urging the government to provide commercial users a moratorium till end-2023 on the newly implemented electricity surcharge — which has been upped to 20 sen per kWh since the start of this year from 3.7 sen per kWh throughout 2022 — so that their businesses can first recover from the pandemic's impact.
Malaysia’s residential overhang improves in 3Q2022
Malaysia’s overall residential overhang situation has improved in the third quarter of 2022 (3Q2022) to 29,534 units, from 34,092 units in the previous quarter, according National Property Information Centre (Napic) director Aina Edayu Ahmad.
UEM Sunrise's KLCC land buy falls through as conditions precedent not met
UEM Sunrise Bhd’s plan to buy a freehold land situated near the Kuala Lumpur Convention Centre (KLCC) has fallen through after conditions precedent under the sale and purchase agreement (SPA) were not fulfilled within the conditional period, which expired on Tuesday (Feb 7).
Putrajaya Holdings launches Residensi Sakura in Putrajaya with apartments from RM350,000
Putrajaya Holdings Sdn Bhd (PjH) kicked off the year with the launch of Residensi Sakura in Precinct 11, Putrajaya on Feb 4 and 5.
Kerjaya Prospek clinches another Seri Tanjung Pinang construction project worth RM398m
Kerjaya Prospek Group Bhd has accepted another contract for the Seri Tanjung Pinang (STP) development in Penang, this time worth RM398 million, for the construction of coastal protection structure.
Tanco buys 50.1% stake in real estate sales processing platform operator for RM20m
Loss-making property developer Tanco Holdings Bhd is buying a 50.1% stake in a real estate online sales submission and processing platform operator for RM20 million cash.Loss-making property developer Tanco Holdings Bhd is buying a 50.1% stake in a real estate online sales submission and processing platform operator for RM20 million cash.
Recalibration fee of RM1,500 per foreign worker 'exorbitant', says Rehda
Rehda said that the fee is exorbitant for businesses, as a high number of workers is utilised in a single project that adds up to a hefty sum that may not be financially viable.
