Sime Darby Property Bhd (KL:SIMEPROP) on Thursday said that the company is seeking more assets that would generate recurring income for the real estate developer.

Avaland Bhd has more than doubled its net profit to RM68.2 million in the nine months period ended Sept 30, 2024 (9M2024) from RM28.5 million in the previous corresponding period.

Johor Corporation (JCorp) is investing in a bearing manufacturing facility together with Tianma Precision Sdn Bhd, a subsidiary of Zhejiang Tianma Bearing Group Co Ltd, in Tanjung Langsat Industrial Complex in Johor in a deal worth RM440 million.

Zelan Bhd’s (KL:ZELAN) chief executive officer Mohd Ariff Abd Samat has departed from the post three months after his appointment.

PropNex Malaysia is hosting another open house this weekend (Nov 23 and 24) to allow home hunters to feast their eyes on a number of landed properties (mainly bungalows, semidee units and town houses) located in Kuala Lumpur and Selangor.

Sime Darby Property Bhd (KL:SIMEPROP) said it has already hit 91% of its full-year sales target of RM3.5 billion for 2024 by September. Its unbilled sales stood at RM3.7 billion.

Noteworthy:

• Leasehold
• Built-up size: 4,950 sq ft
• Land size: 1,650 sq ft
• 1 room, 1 bathroom
• Unfurnished
• Nearby amenities: LRT Bandar Puteri, IOI Mall Puchong, Columbia Asia Hospital - Puchong, Taman Wawasan Recreational Park, various residential areas
• Accessibility: LDP, NPE, KESAS, Federal Highway, ELITE

When: June 2024

The Selangor government is set to introduce comprehensive guidelines for constructing homestays, particularly on agricultural land, to regulate development and ensure compliance with existing laws.

Part of Jalan Masjid India here, closed due to a sinkhole incident, has been reopened to the public, effective Nov 10.

IFCA MSC Bhd (KL:IFCAMSC) said it is targeting RM440 million in new sales over the next three years mainly through new customers arising from its property management system solutions, optimising pricing and growing its distributors programme.