Kenanga Research has downgraded its sector call on real estate investment trusts (REITs) to “neutral” from “overweight”.

Tenaga Nasional Bhd (TNB) (KL:TENAGA), Malaysia's largest utility company, views data centres as highly attractive customers for its infrastructure projects, offering excellent returns on investment (ROI).

Former Federal Land Development Authority (Felda) chairman Tan Sri Shahrir Samad has filed an application to disqualify the law firm of Messrs Lee Hishammuddin Allen & Gledhill (LHAG) from representing Felda and its subsidiary Felda Investment Corporation Sdn Bhd (FIC) in its RM2 billion suit against him and 28 others, in relation to the KL Vertical City (KLVC) project.

Malaysia's property sector will be mainly driven by the completion of mega infrastructure projects and the transition to new technologies this year, according to CBRE | WTW group managing director Tan Ka Leong at the media launch of the real estate consultancy's 2025 Market Outlook Report earlier on Thursday.

Dr. Foo Chee Hung’s article on Dec 18 titled “Separate board of property managers needed to address current weaknesses” raises concerns about the adequacy of the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP) in managing the growing demands of strata property management in Malaysia

Practice Note 17 (PN17) company Annum Bhd (KL:ANNUM) has appointed Messrs LTTH PLT as its auditor, effective Wednesday.

Aeon Co (M) Bhd (KL:AEON) announced on Wednesday that the High Court has granted the company a conditional stay of the judgment issued on Dec 16, 2024, which found Aeon in breach of a tenancy agreement with Betanaz Properties Sdn Bhd, a 51%-owned subsidiary of Ahmad Zaki Resources Bhd (KL:AZRB).

Noteworthy:

• Freehold
• Built-up size: 1,050 sq ft
• Floor level: mid
• 3 bedrooms, 2 bathrooms
• Unfurnished
• Nearby amenities: Cyberjaya Lake Gardens, Multimedia University-MMU, Hospital Cyberjaya, University of Cyberjaya, DPULZE Shopping Centre, MRT Cyberjaya Utara
• Accessibility: MEX, Putrajaya Ring Road, Putrajaya-Cyberjaya Expressway, LDP, ELITE

When: August 2024

Iskandar Investment Bhd (IIB) reaffirmed its commitment to collaborating with stakeholders, including government agencies and international partners, to ensure the success of the Johor-Singapore Special Economic Zone (JS-SEZ).

Competitive pressures within the data centre sector may pose a threat to smaller players with limited resources from gaining a foothold, especially in more saturated key markets such as Johor, said BMI.