Loss-making Thriven Global to raise RM22 mil via land sale
Loss-making property developer Thriven Global Bhd is selling four plots of freehold land collectively measuring 50,454 sq m or 12.47 acres in Kulim, Kedah, to raise some RM22 million.
Latest
DONE DEAL: Terrace house, Putra Heights, Selangor
Noteworthy:
- Built-up size: 3,000 sq ft
- Land size: 3,800 sq ft
- Fully furnished
- 5 bedrooms, 5 bathrooms
- Nearby amenities: Putra Heights and Subang Alam LRT stations, Kawasan Industri Kota Kemuning, Emerald Nursing Care Home, schools, the Glades Plaza, Giant Hypermarket, Main Place Mall, Da Men Mall, One City
- Accessibility: ELITE, Persiaran Klang, via ELITE: LDP, KESAS, NKVE, SKVE
When: September 2023
AI, big data and social media are leading sources of innovation for real estate
As global and national change spur shifts in internal and external industry dynamics, protecting the longevity of real estate via innovation and sustainability is key. The Malaysian Annual Real Estate Convention (MAREC) 2024 explored this with its ‘Real Estate Evolution: Winning through Innovation & Sustainability’ theme.
Shopping complex occupancy rises slightly y-o-y in 2023, office space remains flat
The occupancy rates of shopping complex retail space in Malaysia improved by two percentage points year-on-year (y-o-y) in 2023, while the occupancy rate of purpose-built office space remained unchanged, according to the National Property Information Centre (Napic).
Worldtree Properties sets record with RM39 mil transaction in a single deal for 2023
A record-breaking transaction of RM39 million under the Fertile Tree award was revealed at the recently held Worldtree Properties Annual Dinner and Award Ceremony. It was the highest recorded single deal for the company in 2023.
Overhang residential units down 7% in 2023, affordable housing the largest category
The number of completed residential properties that remained unsold for nine months continued to decline in 2023, extending the improvement seen a year before.
Cagamas sells RM960 million worth of bonds, sukuk
Malaysia’s national mortgage corporation Cagamas Bhd said on Wednesday it has raised RM960 million from the issuance of bonds and sukuk.
Property sales hit fresh record RM196.8 bil in 2023; Johor sees highest price rise, says Napic
Malaysia’s property transaction value hit RM196.83 billion in 2023 — the highest ever recorded by the National Property Information Centre (Napic).
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Auditor general flags going concern issues at Felda, PR1MA
Malaysia’s auditor general on Wednesday flagged going concerns issues at two federal government agencies Federal Land Development Authority (Felda) and PR1MA Corp Malaysia.
Fajarbaru bags RM121m job to build clubhouse, driving range complex in Johor Bahru
Fajarbaru Builder Group Bhd has won a RM120.82 million contract to build a clubhouse and a driving range complex in Johor Bahru.
