News by M

AFFIN BANK Bhd (AFFIN) has launched its Mbassador programme, a new initiative to distribute its mortgage products and services, including both conventional and Islamic.

Iconic Penang Sdn Bhd (Iconic Group) has soft launched Iconic Marjorie Hotel, a Marriott International Tribute Portfolio Hotel brand, in Sungai Nibong, Bayan Lepas on Dec 28, 2024. It was developed at a cost of RM180 million and is the first hotel in Penang with the Green Building Index (GBI) rating.

Construction outfit Kerjaya Prospek Group Bhd (KL:KERJAYA) has bagged a RM256.4 million contract from Eastern & Oriental Express Sdn Bhd (E&OE) to undertake construction works in Elmina West, Shah Alam, Selangor.

A landslide occurred at Jalan Besar Kampung Raja, Cameron Highlands early Monday morning, blocking the road in both directions.

Glomac Bhd has clarified that the recent flash floods caused by a barrier breach in Taman Seri Alam was not within its township Bandar Saujana Utama.

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.