News by EDGEPROP.MY

Net zero has become the baseline, not the finish line. As cities, developers and policymakers push to decarbonise the built environment, the conversation is now shifting towards a harder question: What does it take to move beyond net zero into cities that genuinely give back more than they take?

Penang expects to gazette its first-ever Seberang Perai Local Plan 2030 (Rancangan Tempatan Seberang Perai 2030) by October this year, a move that is expected to formalise planning parameters and provide a statutory reference framework for future land-use and development decisions on the mainland.

UDA Holdings Bhd is advancing the redevelopment of wakaf (Islamic endowment) land with the launch of Amaanee Residences @ Wakaf Seetee Aisah in Seberang Jaya, Penang, a 410‑unit apartment project developed in collaboration with the Penang State Islamic Religious Council (MAINPP).

Tropicana Corp Bhd held an internal anti-greenwashing workshop last Friday (July 10) aimed at equipping employees to identify and prevent misleading sustainability claims, as the developer seeks to strengthen the credibility of its ESG communications amid evolving disclosure expectations.

YNH Property Bhd (YNHP) has provided additional disclosures on its RM455 million disposal of a freehold commercial development parcel along Jalan Sultan Ismail in Kuala Lumpur, including details on the property’s valuation, audited net book value, estimated gain on disposal and key terms of the redeemable preference shares (RPS) forming part of the consideration.

Lim Seong Hai Capital Bhd (LSH Capital) has entered into a conditional sale and development agreement (SDA) with Railway Assets Corporation (RAC) to acquire two parcels of freehold land measuring approximately 17.4 acres in Pekan Country Height, Daerah Petaling, Selangor for RM197.9 million in cash.

Citaglobal Bhd has extended by one month the deadline to fulfil the conditions precedent for its proposed acquisitions of 70% stakes in Zeqna Corp Sdn Bhd and Koridor Mentari Sdn Bhd.

Berjaya Property Bhd (BProperty) has provided further details on its proposed joint venture (JV) to undertake the automotive tyre manufacturing business in Malaysia, including the breakdown of the estimated RM1.30 billion funding requirement for establishing the manufacturing plant.

Talam Transform Bhd’s shareholders have rejected all 14 ordinary resolutions tabled at an extraordinary general meeting (EGM) held at Kuala Lumpur Golf & Country Club yesterday, blocking all proposed board changes.

Sime Darby Property Bhd and ESR have expanded E-Metro Logistics Park in Bandar Bukit Raja, Klang, with the completion of Metrohub 4 and the commencement of construction on Metrohub 3, adding more than 2.2 million sq ft of Grade-A warehouse space in Selangor.