News by theedgemalaysia.com

Gamuda Land Bhd, the property arm of Gamuda Bhd (KL:GAMUDA), has unveiled a new home typology called the Park Homes — a first of its kind in Malaysia.

Analysts have expressed mixed views on IOI Properties Group Bhd’s (KL:IOIPG) acquisition of Tropicana Gardens Mall and its impact on the group’s gearing level.

Hong Leong Investment Bank (HLIB) Research has maintained its 'buy' rating for Axis REIT (KL:AXREIT) at RM1.87, with a lower target price of RM2.03 (from RM2.04), saying the real estate investment trust's quarterly core net profit of RM39.6 million, which was 1.1% lower quarter-on-quarter but 17.2% higher year-on-year, brought the sum to RM79.6 million for the first half ended June 30, 2024 (1HFY2024).

YTL Cement Bhd, a unit of conglomerate YTL Corp Bhd (KL:YTL), is planning to buy an 81.34% stake in Singapore-listed NSL Ltd for S$227.61 million (RM792.32 million) in cash, to expand its industrialised building systems (IBS) business.

Axis Real Estate Investment Trust's (KL:AXREIT) (Axis REIT) second quarter net property income (NPI) increased 12.86% to RM65.95 million from RM58.44 million a year ago, on the back of higher revenue.

Under the subcontract, Varia will supply labour, plants, materials, equipment, tools, transport, temporary works and ancillary needed to build a sewage treatment plant in Penang.

The certification criteria include the thermal performance of the building envelope, natural and mechanical ventilation, application of renewable energy, and other energy-efficient practices and features. 

The group said its total net assets surpassed RM10.8 billion.

Forbes said Allgreen’s Valerian Residential placed the highest bid of S$730 million (US$544 million/RM2.537 billion) for the 99-year leasehold site on Zion Road, about three kilometres south of Orchard Road.

As of July 3, the issued share capital of Crescendo was 280.46 million including 1.04 million treasury shares.