MOT wants KLIA’s aerotrain project completed by end-2024
“The project is ongoing right now, the contract has been renegotiated and it has been settled."
Rehda defends urban development law, says it is not for developers to seize land for profit
The Real Estate and Housing Developers’ Association (Rehda) Malaysia has defended the proposed Urban Redevelopment Act, which is currently being drafted by the Ministry of Housing and Local Government (KPKT), saying it is not to enable property developers to seize land for profit.
Khazanah posts threefold jump in profits, to focus on home market
For 2024, Khazanah plans to focus on assets at home amid volatile and uncertain global markets.
Kumpulan Jetson sues 10 shareholders who sought to remove board of directors
Kumpulan Jetson Bhd has initiated a legal action against requisionists of a failed attempt to call for an extraordinary general meeting (EGM) to remove the entire board of directors of the construction group.
Pekat Group sells vacant industrial plot in Shah Alam for RM21 mil cash
Renewable energy player Pekat Group Bhd is selling an industrial freehold land, measuring 12,813.89 sq m, for RM21 million cash, to realise the value of the unused property, with proceeds from the sale to be used for working capital.
KPS to dispose of Plaza Perangsang for RM46 mil, proceeds to be used for repayment of borrowings
Selangor state-controlled Kumpulan Perangsang Selangor Bhd (KPS) is disposing of Plaza Perangsang in Shah Alam, a 36-year old building which the group occupies as its main office, for RM46 million to Perbadanan Kemajuan Negeri Selangor (PKNS).
Tropicana buys RM224 mil Kota Damansara land from PKNS for RM2.8 bil project
Property developer Tropicana Corp Bhd is acquiring a piece of leasehold land in Kota Damansara for RM224 million to be developed into a residential area comprising four to five tower blocks of serviced apartments, with an estimated gross development value of about RM2.8 billion.
Southern Score wins RM618m contract to build two apartment blocks
Southern Score Builders Bhd, formerly known as G Neptune Bhd, has won a contract amounting to RM618.24 million to construct two blocks of apartment suites in Setapak, Kuala Lumpur.
MBSB's 4Q net profit up 50% on one-off gain from completed acquisition of MIDF
Malaysia Building Society Bhd (MBSB) posted a 50% jump in fourth quarter net profit to RM301.15 million from RM200.73 million a year earlier, after recording a one-off gain of RM354 million from the acquisition of MIDF Group.
UOA Development's 4Q profit more than doubles on recognition of ongoing projects
UOA Development Bhd's fourth quarter net profit more than doubled to RM118.72 million from RM53.06 million a year ago, helped by a progressive recognition of its ongoing development projects.
