News by M

Prices of double-storey residential houses in the Klang Valley, especially in Kuala Lumpur (KL) and Petaling Jaya (PJ), are expected to increase by 3% to 4% this year.

Binastra Corporation Bhd (KL:BNASTRA) may be the preferred contractor for property projects worth RM10 billion in gross development value over the next three years, Mercury Securities said.

The manager of Keppel DC REIT has announced it is divesting the Basis Bay Data Centre in Cyberjaya, Selangor Darul Ehsan, Malaysia for RM55.6 million (S$16.9 million).

The study and design work for the Juru-Sungai Dua Elevated Highway project has commenced, with completion expected within a year.

Malaysia’s property developers may see their valuations rise further even after 2024’s strong rally, with stocks in the high-risk-high-return sector continuing to perform, said RHB Investment Bank.

Any development in Kampung Baru will take into account its history and land status to ensure that the area remains preserved as a Malay village, according to Minister in the Prime Minister's Department (Federal Territories) Dr Zaliha Mustafa.

Infrastructure works for the Penang Light Rail Transit (LRT) Mutiara Line project and the expansion of the Penang International Airport (PIA) may be carried out simultaneously to minimise inconvenience to the public, according to Chief Minister Chow Kon Yeow.

Senai Airport City Sdn Bhd and Lincotec Technology (Malaysia) Sdn Bhd, a wholly-owned subsidiary of Taiwan’s Linco Technology Co Ltd, have entered into a sale and purchase agreement for Lincotec to acquire 4.02 hectares (9.93 acres) of industrial land.

The developer of the water retention pond next to the Taman Seri Alam, Saujana Utama, residential area is considering offering ex-gratia (goodwill) compensation to residents affected by the collapse of the bund last Saturday.

The KLCC Light Rail Transit (LRT) Station, temporarily closed after a small fire, has reopened to passengers and resumed operations at 5.52pm on Thursday.