This follows the High Court’s October ruling that the Duta Enclave should be returned to Semantan Estate, effectively declaring the government’s 1956 acquisition of the land invalid.

The contract was secured via its wholly owned Kitacon Sdn Bhd on Monday, which had accepted a letter of award from Tropicana Alam.

"We project its consolidated capital spending will rise to RM6 billion to RM7 billion per annum in 2024 and 2025 from RM2.8 billion in 2023.”

New tenancies from its logistics warehouse Axis Mega Distribution Centre (Phase 2) and positive rental reversion from its existing portfolio also boosted its NPI for the three months ended Sept 30, 2024.

Revenue increased 3.73% to RM155.27 million, compared to RM149.68 million in 3QFY2023. 

The property, which is an oil palm plantation, is currently categorised as agricultural land but is zoned for residential development. 

KLCCP Stapled Group (KL:KLCC) has appointed Datuk Mohd Salem Kailany as the chief executive officer of KLCC Property Holdings Bhd and KLCC REIT Management Sdn Bhd, effective from Nov 1, succeeding Datuk Md Shah Mahmood.

The current debate on the property management-building management issue can be examined from the public policy perspective.

Suling Hill Development Sdn Bhd, a joint-venture between AME Elite Consortium Bhd (KL:AME) and Majestic Gen Sdn Bhd, officially launched Northern TechValley @ BKE in Seberang Jaya, Penang on Monday.

The reinstatement of five stations on the LRT3 line in Shah Alam, Selangor is expected to cost RM5.3 billion, higher than initially estimated, says Deputy Transport Minister Hasbi Habibollah.