Businessman Tan Sri Robert Tan Hua Choon has ceased to be a substantial shareholder of Paragon Globe Bhd after disposing of half his stake in the Johor-based developer.

Tesla Inc has scrapped plans to set up factories in Malaysia, Thailand, and Indonesia, and the US electric car maker will focus solely on charging stations, Thai online news portal The Nation reported on Wednesday.

The Attorney General's Chambers (AGC) said it will appeal the High Court decision ordering the government to transfer 263.27 acres of land known as the "Duta enclave" to Semantan Estate (1952) Sdn Bhd.

Noteworthy:

• Freehold
• Built-up size: 7,797 sq ft
• Land size: 7,136 sq ft
• 7 bedrooms, 7 bathrooms
• Semi-furnished
• Nearby amenities: LRT Dato’ Keramat, LRT Damai, LRT Jelatek, MRT Ampang Park, Universiti Teknologi Malaysia, UniKL Business School, Jelatek Public City Park, Petronas Twin Towers KLCC, Suria KLCC, Pavilion KL, Bukit Bintang City Centre, The Exchange TRX, Royal Selangor Golf Club, Gleneagles Hospital KL, Prince Court Medical Centre
• Accessibility: AKLEH, MRR2, Jalan Tun Razak, Jalan Ampang, Jalan Jelatek

June 2024

Greater Kuala Lumpur’s residential market experienced an upward trend in 2Q2024, recording higher average transacted prices than the pre-pandemic year in 2019.

Sentral Real Estate Investment Trust (KL:SENTRAL), or Sentral REIT, posted a 30% increase in its net property income for the first six months (1HFY2024) to RM76.06 million, from RM58.49 million a year ago, underpinned by stronger contribution from its newly added property Menara CelcomDigi, as well as existing key properties, namely Building 4 and Platinum Sentral.

In a decision that is expected to affect the land industry in the city and the government, the High Court on Tuesday has allowed the application by the liquidator of Semantan Estate (1952) Sdn Bhd for the 263.27-acre land in Mukim Batu — known as the “Duta enclave” that currently houses various government complexes and facilities — to be transferred back to the company.

Chin Hin Group Bhd (KL:CHINHIN) is acquiring a 65% stake each in two companies — an engineering and construction firm and a facilities and project management outfit — for RM51.51 million in a cash and share deal.

S P Setia Bhd has launched the Ferrous 3 double-storey terrace homes at Setia AlamImpian on Aug 3.

The Ministry of Housing and Local Government (KPKT) launched on Tuesday the Circular Economy Blueprint for Solid Waste in Malaysia (2025-2035), which includes establishing legislation related to the Extended Producer Responsibility (EPR) scheme and a zero-waste-to-landfill certification for manufacturers.