News by M

Developer WM Senibong Bhd has completed the acquisition of Kews Senibong Sdn Bhd and the landholdings of the Senibong Golf Club from Walker Corporation Pty Ltd. 

MN Holdings Bhd (KL:MNHLDG) said it has secured four contracts worth a combined RM122.7 million to supply and install substation equipment for data centre projects in central and southern Peninsular Malaysia.

Binastra Corporation Bhd (KL:BNASTRA) has secured its largest contract to date, following the acceptance of two letters of award worth a combined RM1.2 billion for main building and infrastructure works at Causewayz Square, a landmark high-rise development by Exsim group in Johor Bahru.

Vestland Bhd (KL:VLB), which recently terminated three Selangor affordable housing contracts worth about RM551 million, on Friday said it has secured two new construction contracts totalling RM602 million.

The proposal to use a 30-year building age as a redevelopment trigger under the Urban Renewal Act (URA) Bill (now in Parliament) remains fundamentally unsound, even with the Housing and Local Government  (KPKT) Minister Nga Kor Ming’s latest suggestion of “reviewing” it.

AFFIN Bank Bhd has launched AFFIN Home Reno/-i, a comprehensive home renovation financing solution, offering all-in-one financing for both interior and exterior works.

A local industry leader notes that Malaysian firms are reassessing their strategies to position real estate as an institutional-grade asset class capable of delivering stable, long-term returns.

Wellness and healthcare-focused property developments require careful planning to ensure financial viability and strong returns.

Vestland Bhd (KL:VLB) said it will not proceed with three Selangor affordable housing projects worth a total of up to RM550.69 million secured in 2022 from Splendid Forte Development Sdn Bhd.

SkyGate Solutions Bhd (KL:SKYGATE) is buying a Penang-based property investment company linked to its major shareholder for RM75.9 million in cash and shares.