News by M

The High Court here has set August 9 to hear Tunas Manja Development & Construction (KL) Sdn Bhd's (TMDC KL) winding-up petition against SPNB Aspirasi Sdn Bhd, a wholly-owned subsidiary of national housing development company Syarikat Perumahan Negara Bhd (SPNB).

An indirect unit of construction group Nestcon Bhd (KL:NESTCON), whose share price shot up over 20% just two weeks ago, has secured a RM3.6 million contract to develop and install a solar photovoltaic (PV) system.

Suria Capital Holdings Bhd (KL:SURIA), which operates eight major ports in Sabah, said it has entered into a deal to develop a mixed commercial project in the Kota Kinabalu Port area.

IJM Land Bhd will launch its latest landed residential development named Nova at Seremban 2 on June 29. In the meantime, the project is now open for registration.

Avaland Bhd (KL:AVALAND) has topped out Sanderling condominium, which has a 90% take-up rate, according to a press statement on Tuesday (June 4).

Noteworthy:

• Freehold
• Built-up size: 1,800 sq ft
• Land size: 1,650 sq ft
• 4 bedrooms, 3 bathrooms
• Unfurnished
• Nearby amenities: INTI International University, Nilai University, Universiti Sains Islam Malaysia, Nilai Springs Golf & Country Club, Kota Seriemas Golf & Country Club, MesaMall, AEON Mall Nilai, SJK (C) Putra Nilai
• Accessibility: Persiaran Negeri, Persiaran Pusat Bandar, North-South Expressway, ELITE, Labohan Dagang-Nilai Route (Federal Route 32)

When: March 2024

Shares in Inta Bina Group Bhd (KL:INTA) touched a new record high on Wednesday, after the construction company announced that it had secured a RM111.98 million contract.

Noteworthy:

• Freehold
• Built-up size: 2,416 sq ft
• 4 bedrooms, 4 bathrooms
• Fully furnished
• Nearby amenities: TERKL, KLCC Park, Perdana Botanical Gardens, Pavilion Bukit Bintang, Jalan Alor Food Street, Plaza Low Yat, Tung Shin Hospital, Raja Chulan monorail station, MRT Bukit Bintang, Dataran Merdeka, Central Market, schools
• Accessibility: Jalan Raja Chulan, Jalan Pudu, Jalan Imbi, Jalan Sultan Ismail, MEX, Sungai Besi Expressway, AKLEH

When: May 2024

In Malaysia, it is not uncommon to hear of protests against proposed developments, such as new high-rise, urban renewal or transportation infrastructure projects, when the affected community perceives them to be detrimental to the neighbourhood with over-population or negative impacts on life quality or the environment. 

Despite ongoing litigation with MBSB Bank over payment defaults, Country Heights Holdings Bhd (KL:CHHB) announced on Monday a tender process to attract investors for the Mines Waterfront Business Park (MWBP) and Mines International Exhibition and Convention Centre (MIECC) project development in Seri Kembangan.