News by Edgeprop.my

Sunway Property and Majestic Gen recently broke ground on a new RM4 billion mixed-use development in Yahya Awal, Johor Bahru.

Supreme Consolidated Resources Bhd (SCRB), through its wholly-owned subsidiary Supreme Cold Storage Sdn Bhd, has proposed to acquire a parcel of land with a factory and office building in Kuching, Sarawak for RM5.6 million.

Noteworthy:

• Freehold
• Built-up size: 4,025 sq ft
• Floor level: High
• 4 bedrooms, 5 bathrooms
• Semi-furnished
• Nearby amenities: Bangsar Shopping Centre, Universiti Malaya, Sime Darby Convention Centre, Kuala Lumpur Golf and Country Club, Pantai Hospital
• Accessibility: SPRINT-Damansara and Penchala links, Federal Highway, Jalan Ara, Jalan Profesor Diraja Ungku Aziz

When: December 2024

A sense of belonging is important for youths, especially in urban areas where many are seeking to define themselves. However, are we doing enough to promote the well-being of youths in our cities?

I-Bhd posted a net profit of RM9.96 million for the quarter ended March 31, 2025 (1QFY25), more than double the RM4.07 million recorded a year ago, driven by stronger earnings from its property development and investment segments.

Practice Note 17 (PN17) company Ivory Properties Group Bhd has signed a deal to sell a heritage commercial building known as The Birch House in George Town, Penang, for RM18 million with ENS Timah Sdn Bhd.

Noteworthy:

• Freehold
• Built-up size: 4,000 sq ft
• 5 bedrooms, 4 bathrooms
• Unfurnished
• Nearby amenities: Pavilion Damansara Heights, HELP University, Universiti Malaya Medical Centre, Kuala Lumpur Golf Country and Club
• Accessibility: SPRINT-Damansara and Penchala Links, North-South Expressway, Jalan Duta

When: January 2025

The Real Estate and Housing Developers' Association Malaysia (Rehda) Institute has called on the government to introduce a “Tiered Developer Classification System” as part of the licensing process to help curb abandoned housing problems.

PLB Engineering Bhd’s wholly-owned subsidiary, PLB Land Sdn Bhd, is selling several land parcels in Tasik Gelugor, Penang for RM48 million, which is RM12.8 million below its valuation price.

Exsim Hospitality’s wholly-owned subsidiary, Exsim Concepto Sdn Bhd, has secured a RM17.2-million contract for interior fit-out works in apartment units.