News by M

The Housing and Local Government Ministry (KPKT) will expand its collaboration with public institutions of higher learning and related agencies in efforts to strengthen the housing and local government sectors in the country.

The Light Rail Transit (LRT) Mutiara Line project will feature 21 strategically located stations, including a provisional station on Penang South Reclamation Island-A (PSR-A), covering a total distance of 29.5km.

The federal government is paying serious attention to the concerns of Penang residents regarding part of the Sungai Nibong pesta site being taken over to build a depot for the Mutiara Line Light Rail Transit (LRT) project.

Al-Salam Real Estate Investment Trust (KL:ALSREIT) will see “significant” rental growth from this year onwards thanks to higher occupancy at its most valuable property, BIMB Securities said.

AmanahRaya Real Estate Investment Trust (REIT) (KL:ARREIT) on Thursday announced the resignation of Tunku Rozita Tunku Abdul Malek as its executive director and the managing director of its manager AmanahRaya-Kenedix REIT Manager Sdn Bhd, due to personal reasons.

AME Real Estate Investment Trust (KL:AMEREIT), a 49.62%-owned unit of AME Elite Consortium Bhd (KL:AME), is planning to establish a sukuk wakalah programme with a value of up to RM1 billion.

OSK Property Holdings Bhd, the property arm of OSK Holdings Bhd (KL:OSK), is expanding its land bank with the acquisition of four parcels of freehold land measuring 26.33 hectares in Sungai Petani, Kedah, for RM14.17 million.

Ho Hup Construction Company Bhd (KL:HOHUP), which has just resolved a winding-up petition in November filed by a diesel fuel supplier, has been served with yet another winding-up petition from a cement supplier due to an alleged unpaid sum of RM2.5 million.

Sime Darby Property conducted the launch of the Elmina Lakeside Mall and Elmina Outdoor Sculpture Museum on Saturday.

Paramount Property unveiled its luxury Bangkok condominium project, Na Reva, at an exclusive Malaysian premiere here on Saturday.