The land reclamation for the Silicon Island project here is progressing smoothly, with 28 hectares of the total 931 hectares planned for the island reclaimed so far.
The country's residential property market in the third quarter of 2024 (3Q2024) recorded 70,520 transactions, the highest in 10 years, with a value of almost RM29 billion, an increase of 2.9% in terms of number and 1.3% in transaction value compared to the same period in 2023.
S P Setia Bhd has unveiled its latest phase of freehold, single-storey terraced homes Setia Suria at its 1,961-acre township of Setia Fontaines in Kepala Batas, Penang.
Gamuda Bhd (KL:GAMUDA) is acquiring a 20% stake in Cloud Space Sdn Bhd, a Google Cloud premier partner, for RM18 million.
The Malaysian Anti-Corruption Commission (MACC) has remanded another individual with the title of Datuk linked to a corruption case involving kickbacks from construction projects in Sarawak worth around RM250 million.
Power Root Bhd (KL:PWROOT) said it is purchasing 3.48 million square feet of agriculture land in Johor for RM19.99 million in cash.
PGF Capital Bhd (KL:PGF) is acquiring two parcels of freehold land, totalling approximately 9.608 acres in Kulim Hi-Tech Park, Kedah, for a mixed development project — that will include a condominium, hotel, serviced residences, and several commercial elements — with a gross development value (GDV) of RM600 million.
Shares of SkyWorld Development Bhd (KL:SKYWLD) gained after resuming trade on Wednesday morning, following the signing of an agreement on Tuesday to jointly develop the country's largest affordable housing project with the Penang state agencies.
Tropicana Corp Bhd and global hospitality company, Banyan Group Ltd has inked an agreement on Tuesday (Dec 10) to jointly develop Skypark Kepler, a new branded residence in Johor.
Noteworthy:
When: July 2024
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