News by Justin Lim

News that property developer Country Heights Holdings Bhd's founder and largest shareholder Tan Sri Lee Kim Yew had been declared bankrupt by the Shah Alam High Court went viral yesterday.

Country Heights Holdings Bhd founder and largest shareholder Tan Sri Lee Kim Yew has been declared a bankrupt by the Shah Alam High Court.

Hektar Real Estate Investment Trust (Hektar REIT) has renewed 25% of its leases which are expiring this year, or 234,000 sq ft out of 962,565 sq ft of retail space involving 213 tenancies expiring in 2023.

Domestic electricity users with high volume usage may be the next target for higher tariffs, following upward adjustments for large corporations in January, according to CGS-CIMB Research.

Tanco Holdings Bhd has aborted a plan to raise RM100 million through an allotment of 100 million redeemable preference shares (RPS) of RM1 each to the Social Security Organisation (Socso).

Malaysian real estate investment trusts (REITs) remain as safe-haven investments for investors amid market uncertainty, owning to growing contagion fears with the collapse of Silicon Valley Bank and the fallout of Credit Suisse Group AG.

MGB Bhd has bagged a RM46.8 million contract to build 155 double-storey terrace houses at the D’Island Residence township in Puchong.

Notably, the total residential overhang units in 2022 are led by those priced between RM500,000 and RM1 million at 33.6%, followed by RM300,000 to RM500,000 (at 29.3%) and below RM300,000 (at 23.5%) categories.

Malaysia's total property transaction value hit RM179.07 billion in 2022, the highest-ever value recorded by the National Property Information Centre (Napic) since 2001.

Nexgram Holding Bhd said it is aborting its plan to acquire a resort in Langkawi for RM90 million to be used as a healthcare service facility.