News by M

Sunway Bhd’s (KL:SUNWAY) fully-owned subsidiary, Sunway Iskandar Development Sdn Bhd (SIDSB), has set up a perpetual medium-term note (MTN) programme of up to RM2 billion to fund its flagship Johor township project.

Maxim Global Bhd (KL:MAXIM) is buying a nine-storey office tower on Jalan Klang Lama here for RM29.5 million to serve as its new office.

Malaysia and China have agreed to strengthen cooperation in developing smart city pilot projects, with plans to establish smart city command centres in Malaysia’s second-tier cities such as Ipoh and Seberang Perai.

Malaysia’s open-door policy has boosted the economy, with foreign residents contributing more than RM84.2 billion a year, including from international property buyers, said Housing and Local Government Minister Nga Kor Ming.

The rental costs of temporary housing for Kampung Sungai Baru residents in Kuala Lumpur are being fully borne by the developer until the new housing project in the area is completed, said Minister in the Prime Minister’s Department (Federal Territories) Datuk Seri Dr Zaliha Mustafa.

The developer of the Kampung Sungai Baru redevelopment project in Kuala Lumpur has paid out RM62.57 million in compensation to the owners and stakeholders so far, said Dr Khairul Nizam Othman, chief executive officer of the Kampong Bharu Development Corporation.

A day after the fracas over eviction in Kampung Sungai Baru, the village’s residents are now turning to the court while keeping their doors open to talks with the government.

The government has given its assurance that the redevelopment of Kg Sungai Baru in Kuala Lumpur will include affordable housing units accessible to the Malay community.

This initiative offers homebuyers greater financial flexibility while reinforcing Ancubic’s ongoing commitment to sustainable, innovative, and community-focused living.

Kuala Lumpur Kepong Bhd’s (KLK) wholly owned subsidiary KLK Land has unveiled KLK TechPark, a 1,500-acre integrated industrial hub in Tanjong Malim, with a projected gross development value (GDV) of RM3.5 billion over the next 10 years.