Econpile bags contract for RM30m substructure works in Shah Alam
Econpile Holdings Bhd has secured a RM30 million contract to undertake substructure works for a 15-storey office building in Shah Alam.
Suria Capital inches up after inking deal for RM4.2b mixed commercial project in Kota Kinabalu
Shares of Suria Capital Holdings Bhd inched higher to RM2.15 in the afternoon trading session on Wednesday after the Sabah ports operator signed two shareholders' agreements with BEDI Development Sdn Bhd to establish two joint venture (JV) companies for the development of prime land within the Kota Kinabalu Port area.
AZRB subsidiary faces winding-up petition over unsettled outstanding amount
However, AZRB clarified that AZSB is not a major subsidiary of the company, and it does not anticipate any financial or operational impact due to the petition.
Guocoland's 2Q net profit falls 37% despite increased revenue
The decline in net profit was attributed to the better gross margin previously amid the finalisation of development costs of Garden Terrace and South Tower in the group's Emerald Hills project in Cheras, and increased construction costs due to material price hikes.
CapitaLand Malaysia Trust pays 2.24 sen DPU as 4Q net property income jumps 54.4%
CapitaLand Malaysia Trust (CLMT) reported a 54.4% jump in its net property income (NPI) for the fourth quarter of its 2023 financial year (4QFY2023) to RM63.02 million from RM40.8 million in the corresponding quarter in FY2022, as it reported stronger revenue.
Land acquisition for MRT3 expected to be completed in two years
MRT Corp is currently focusing on the land acquisition process, which involves over 1,000 lots of land, the majority of which are private lots.
KLCC Property to buy rest of Suria KLCC stake for RM1.95b
KLCC Property Holdings Bhd (KLCCP) is buying the remaining 40% equity interest in Suria KLCC Sdn Bhd, which owns and manages Suria KLCC Mall here, for RM1.95 billion.
Berjaya Land, MRCB shares surge following reported partnership on KL-Singapore HSR bid
Berjaya Land Bhd's (BLand) and Malaysian Resources Corp Bhd's (MRCB) shares reached a record high during Friday's morning trading session, following a report by The Edge that the two construction outfits are teaming up, alongside IJM Corp Bhd and Keretapi Tanah Melayu Bhd (KTMB), to bid for the Kuala Lumpur-Singapore high-speed rail (HSR) project.
RHB IB maintains 'overweight' call on real estate sector, identifying UEM as top proxy in Johor
RHB Investment Bank Research (RHB IB) has maintained its "overweight" rating on the real estate sector, identifying UEM Sunrise Bhd as the top proxy for the segment, with potential benefits extending to Sunway Bhd, IOI Properties and Eco World Development Group Bhd if significant railway infrastructure projects materialise in Johor.
SimeProp's affordable housing venture with Lagenda opens doors to future developments, says HLIB
Sime Darby Property Bhd's (SimeProp) deal with Lagenda Properties to venture into the affordable homes sector could allow the group to explore the viability of the segment, potentially leading to future developments in other states, said Hong Leong Investment Bank (HLIB).
