DXN Holdings Bhd (KL:DXN) said its proposed acquisition of an apartment unit at the Burj Khalifa skyscraper in Dubai is part of the multi-level marketing company's sales motivation scheme aimed at rewarding top-performing distributors.
Citaglobal Bhd (KL:CITAGLB) will develop an industrial park project in Pahang on its own after exercising an option to acquire the land for RM90 million in cash and irredeemable convertible preference shares from its joint venture (JV) partner.
Noteworthy:
When: April 2025
NexG bought a 32.61% stake in Classita for RM76.78 million, targeting its loss-making property and construction business, which includes a CIDB G7-certified unit able to handle large, complex construction projects.
The PGB Hostel Pekan Nanas, developed and managed by its wholly owned subsidiary Paragon Bizhub Sdn Bhd, is also the first purpose-built hostel in Pekan Nanas.
Hanil, which manufactures water pumps and household appliances such as humidifiers and blenders, may invest RM220 million to develop a manufacturing plant in Sarawak as part of its expansion into Southeast Asia.
BJSP was set up to develop the 76.14-acre Bukit Jalil Sentral project, valued at RM21 billion. MRCB said the buyout comes as it reviews the approved mixed development plan from November 2020.
The development will have two phases and include two-storey semi-detached, semi-detached and two-storey terrace houses.
Econpile will undertake bored piling construction and associated works for the Komtar-East Jelutong stretch of the LRT line.
Fiabci Malaysia, the local chapter of the international body, Federation Internationale des Administrateurs de Bien-Conselis Immobiliers (International Real Estate Federation), has urged policymakers and developers to shift from broad-based housing initiatives towards targeted, data-driven planning to address persistent imbalances in the Malaysian property market.
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