News by EdgeProp.my

Boustead Heavy Industries Corp Bhd (BHIC) is disposing of three adjoining parcels of mixed industrial and building land in Penang for a total cash consideration of RM28 million.

NCT Alliance Bhd is expanding its flagship NCT Smart Industrial Park (NSIP) in Kuala Langat through a RM53 million subscription that will secure control of 176.71 acres of adjoining industrial land.

Ikano Centres, part of Ikano Retail, plans to introduce two new dining concepts — IPC Gourmet Hall at IPC Shopping Centre and Toppen Foodland at Toppen Shopping Centre — with both scheduled to open later in December this year.

Magna Prima Bhd is moving to regain control of a 4.58-acre portion of its 20-acre Shah Alam landbank, committing RM45 million to a sale and purchase agreement (SPA) that realigns a joint venture (JV) originally expected to deliver RM160 million in total deleveraging proceeds.

Aspen (Group) Holdings Ltd has unveiled its latest residential component, Mezon @ Park Enclave, marking a new development milestone within its flagship Aspen Vision City township in Batu Kawan.

Media Chinese International Ltd (MCIL) is drawing a definitive line under its North American print legacy, disposing of its Toronto industrial property for CAD$9.9 million (RM28.65 million) following the cessation of its Canadian media operations on Feb 1, 2026.

Paragon Globe Bhd is advancing its industrial pivot through a strategic partnership with GSP Automotive Group to develop a 47-acre automotive-focused industrial hub (“AutoPark”) in Iskandar Puteri, Johor, with an estimated gross development value (GDV) of RM1.5 billion.

Malaysia’s Ministry of Housing and Local Government (KPKT) is proposing the establishment of a Malaysia–Cambridge Urban Platform, signalling a push to formalise international collaboration in urban planning and housing policy as the government aligns development priorities with the MADANI economic framework and Sustainable Development Goals (SDGs).

Tan Chong Motor Holdings Bhd (Tan Chong Motor) has officially completed the RM148.8 million disposal of nine plots of prime freehold land along Jalan Putra, strengthening its liquidity position following the monetisation of a non-core asset, according to a filing with Bursa Malaysia..

REHDA Institute has embarked on its Asia Real Estate Leaders (AREL) Study Tour to the United Kingdom, with stops across London, Bristol, Bath and Cambridge, as part of its efforts to strengthen global knowledge exchange and leadership development within Malaysia’s real estate sector.