Chin Hin Group Bhd (KL:CHINHIN) is disposing of its subsidiary Metex Steel Sdn Bhd, which specialises in steel welded mesh and wire products, for RM70 million. The all-cash transaction is expected to yield a gain of RM6.1 million for the group.
Construction of schools will be made a condition for planning permission in new large-scale housing projects under the 13th Malaysia Plan (13MP).
Noteworthy:
When: March 2025
Avillion Bhd (KL:AVI) on Thursday said it external auditor has flagged uncertainty over the hotel operator's ability to continue as a going concern in the group’s audited financial statements for the year ended March 31, 2025 (FY2025).
Tycoon Tan Sri Quek Leng Chan is no longer a substantial unitholder of AME Real Estate Investment Trust (KL:AMEREIT) following the disposal of 5.5 million units, equivalent to a 1.04% stake, by his investment vehicle Hong Leong Assurance Bhd (HLA).
Paramount Corp Bhd (KL:PARAMON) is acquiring a piece of freehold land in Penang from Penang Development Corp for RM57.84 million and planning a new mixed development with an estimated gross development value (GDV) of RM744 million on the plot.
Ireka Corp Bhd (KL:IREKA) is in early talks with a party about a possible corporate plan to fix its Practice Note 17 (PN17) status.
A new rent-to-own (RTO) scheme model will be introduced to offer a more flexible and affordable rental system, aimed at enhancing homeownership opportunities for the rakyat.
The motivations driving homebuyers in Malaysia have undergone a significant transformation. There is a stark contrast between past and present generations, particularly a diminished focus on speculative gains among today’s young homebuyers.
CIMB Securities has raised Gamuda Bhd’s (KL:GAMUDA) forecasted job wins for the financial year ending July 31, 2026 (FY2026) to RM22 billion and to RM25 billion for FY2027, after the group was shortlisted for two developments in Sydney, Australia.
The only property app you need. More than 200,000 sale/rent listings and daily property news.
