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He said the initiative would also create opportunities for Penang to drive innovation in related industries and further strengthen the state’s economic growth.

The land has an audited net book value of RM4.36 million as at June 30, 2025, while its original acquisition cost in 1995 was RM497,902. 

Marriott International Inc and Iconic Group have signed an agreement to introduce the Courtyard by Marriott brand to Penang mainland through the rebranding of the existing Iconic Hotel Penang into Courtyard by Marriott Penang Icon City.

Sunway Bhd said its 30%-owned joint ventures have secured a parcel of land at Bayshore Drive, Singapore, for S$2.128 billion (approximately RM6.74 billion) under a 99-year lease, following a successful tender under Singapore’s Government Land Sales (GLS) programme.

Buyers of strata properties acquired through court-ordered auctions are not, in this case, automatically liable for maintenance charges and sinking fund arrears left by previous owners, the High Court ruled in a recent judgment, offering judicial guidance on the scope of liability under the Strata Management Act 2013.

Chinese companies’ global push is forcing a rethink of how they manage bricks and mortar.

Tropicana Corp Bhd has introduced SouthPlace 2 Shoppes, a retail component within its 88-acre Tropicana Metropark township in Subang Jaya.

Radium Development Bhd has marked the structural completion of Vista Adesa, its 1,218-unit Residensi Wilayah project in Sungai Besi, Kuala Lumpur, with a topping-out ceremony, as the development remains on track for completion in the second quarter of 2027.

The July 18 launch follows the commendable sales for Aurora I, which was introduced in February. 

Tropicana Corp Bhd held its second Employee Wellness at Work programme on July 3 in collaboration with healthcare partner AIA Bhd, attracting more than 350 employees to health screenings, wellness activities and educational sessions at its headquarters in Tropicana Gardens Office Tower, Tropicana Indah.