The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) projects property prices to grow by 2% to 5% this year, driven by strong domestic housing demand and higher construction costs.

Hektar Real Estate Investment Trust (KL:HEKTAR) is acquiring a light industrial asset in the Bayan Lepas Free Industrial Zone, Penang, for RM30 million from Microlead Precision Technology Sdn Bhd (MPT), a wholly owned subsidiary of MQ Technology Bhd (KL:MQTECH).

The final cost of the Penang Light Rail Transit (LRT) project has yet to be determined, as it depends on the ongoing procurement process and tender results for civil works and turnkey systems, said Transport Minister Anthony Loke Siew Fook.

Noteworthy:

• Freehold
• Built-up size: 1,800 sq ft
• Land size: 1,650 sq ft
• Unfurnished
• 4 bedrooms, 3 bathrooms
• Nearby amenities: Megah Rise Mall, Paradigm Mall, Tropicana Golf & Country Resort, UNITAR International University, Thomson Hospital Kota Damansara, The Curve
• Accessibility: LDP, SPRINT Damansara Link, NKVE, Federal Highway

When: December 2024

As 2018 came to an end, Stephanie Chen, then a relationship manager in the banking industry, decided to make a total career change.

Bandar Malaysia Sdn Bhd, the state-owned developer of the eponymous project, has been accused of breaching its agreement after scrapping a deal to develop Escape theme park.

The government is reviewing the possibility of aligning electricity tariff adjustments at Kulim Hi-Tech Park (KHTP) in Kedah with the scheduled tariff hike across Peninsular Malaysia — which is set to take effect in July, said the Minister of Energy Transition and Water Transformation Datuk Seri Fadillah Yusof.

As there is no settlement in sight for the multibillion half-century dispute of 263.272 acres of prime land in Kuala Lumpur called the “Duta enclave”, appeals by Semantan Estate (1952) Sdn Bhd and the cross-appeal by the Federal Territory Land Registrar and the federal government will proceed for two days at the Court of Appeal on Thursday and Friday (Feb 20 and 21).

Shares of Cahya Mata Sarawak Bhd (KL:CMSB) rose to their highest in six weeks on Wednesday after the construction and building materials company reported a surge in quarterly profits.

Construction firm MGB Bhd’s (KL:MGB) net profit rose 21.76% to RM14.44 million in the fourth quarter ended Dec 31, 2024 (4QFY2024) from RM11.86 million a year earlier, lifted by other income, despite recording lower revenue.