Lim, 66, succeeds Datuk Abdul Majit Ahmad Khan, 78, who has resigned as the group’s independent and non-executive chairman. He was appointed to the position in August 2014.

This follows the issuance of 37 RFI documents, as part of the July 2023 exercise. 

Maybank Investment Bank has forecast the earning growth of Malaysia real estate investment trusts (REITs) to remain decent at 9.1% in 2024, compared with an estimated 6.9% in 2023, on the back of sustained occupancy, rental rates and new asset injection.

Magna Prima Bhd extended its losses for a second consecutive trading day on Monday, after it was slapped with an unusual market activity (UMA) query by Bursa Securities last week.

The Urban Renewal Implementation Guidelines (GPP PSB) introduced by KPKT last September stand as a pivotal reference for developers and stakeholders who are interested in urban renewal projects. 

Analysts have kept "buy" calls on IJM Corp Bhd following the latest acquisition for its second property project in the UK, which entails a redevelopment for 811 homes and 150,000 sq ft of mixed-use space in Hertfordshire.

SkyWorld Development Bhd has achieved another significant milestone with SkyBlox @ SkySanctuary project in Setapak by attaining a “record-high” QLASSIC rating of 86%.

The Kuala Lumpur-Singapore high-speed rail (HSR), which is estimated to cost RM100 billion, will be challenging to undertake without involvement from the government, said Maybank Investment Bank (Maybank IB) head of equity research Wong Chew Hann.

YNH Property Bhd has revealed that it is exploring proposals to sell certain landed properties of the company and its subsidiaries in response to an unusual market activity (UMA) query from Bursa Malaysia.

Tuju Setia Bhd has bagged a RM209 million contract from Avaland Bhd (previously known as MCT Bhd) for the construction of two blocks of service apartments in USJ 25, Subang Jaya.