News by M

Gamuda Bhd is acquiring 389.7 acres of land in the Springhill Industrial Park, Port Dickson for RM424.4 million, cash, from a joint venture (JV) between MUI Properties Bhd (MUIPROP) and Chin Teck Plantations Bhd.

Earlier, I have responded to Dr Foo Chee Hung’s article dated Sept 20, titled "Property manager vs building manager — Are they the same?", which claimed that a building manager is solely responsible for coordinating the maintenance and upkeep of common areas, while a property manager merely acts as an intermediary between tenants and landlords. In my article “Stricter regulation in property management needed”, I explained the professional roles, bodies, education and training required of a registered property manager.

A team of volunteers from the Sungai Buloh Parliamentary Service Centre extended assistance to residents of Taman Seri Alam, Saujana Utama, who were impacted by flash floods following the collapse of a water retention pond bund yesterday.

Apex Equity Holdings Bhd (KL:APEX), which is involved in stockbroking, property development and money lending services, said on Monday it is buying a boutique office building in Bangsar South, Kuala Lumpur for RM50 million.

Trading in MUI Properties Bhd (KL:MUIPROP) has been suspended on Monday, following a request for a material announcement.

Rapid KL’s rail services will operate until 3am, while selected bus routes will run until 3.30am on Jan 1 to ease congestion during New Year’s Eve celebrations for 2025.

No decision has been made regarding electricity tariff hikes in Peninsular Malaysia as of now, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

Crescendo Corporation Bhd (KL:CRESNDO) reported a more than fivefold increase in net profit for its third quarter, driven by data centre land sales in Nusa Cemerlang Industrial Park (NCIP) in Iskandar Puteri, Johor.

Paragon Globe Bhd’s (KL:PGLOBE) shareholders have approved the Johor-based property developer’s various land deals as well as its joint development with a unit of Tropicana Corp Bhd (KL:TROP).

AmInvestment Bank expects UOA Real Estate Investment Trust (KL:UOAREIT) to post a 14.3% quarter-on-quarter increase in its distributional income, on slightly higher gross rental income and lower property operating expenses.