Property developer UEM Sunrise Bhd has appointed Shaharul Farez Hassan as its new managing director and CEO, effective Nov 17.

Construction group Kumpulan Kitacon Bhd has been awarded a contract worth RM86.58 million by Earth Pavilion Sdn Bhd to undertake the construction of residential units at The Mines Resort City in Selangor.

Sunway Real Estate Investment Trust (REIT), through its trustee RHB Trustees Bhd, has entered into a conditional sale and purchase agreement (SPA) with Sunway Medical Centre Penang Sdn Bhd for the disposal of the Sunway Hotel Seberang Jaya property in Penang for a total cash consideration of RM60 million.

Malaysia may be on the fast track towards artificial intelligence (AI) adoption, but real transformation is not just about technology. Instead, city planning should still focus on people.

Khazanah Nasional Bhd has invested over RM6 billion in the development of Medini Iskandar and Desaru Coast in Johor to date, according to the Ministry of Finance (MOF).

SkyGate Solutions Bhd, formerly known as Ewein Bhd, announced that its subsidiary, SkyGate Integration Sdn Bhd has entered into a conditional sale and purchase agreement (SPA) with Ambu Sdn Bhd for the disposal of its factory building in Bayan Lepas, Penang, for RM39.8 million.

UEM Sunrise Bhd has marked the topping-out of Phase 2 of its KAIA Heights development, a low-density residential project located in Taman Equine, Seri Kembangan, Selangor.

Noteworthy:

• Freehold
• Built-up size: 558 sq ft 
• 1 bedrooms, 1 bathroom
• Semi-furnished
• Nearby amenities: D’Pulze Shopping Centre, Tamarind Square, Hong Leong Bank, CIMB ATM, Maybank ATM, ELC International School (Cyberjaya), SMK Cyberjaya
• Accessibility: Lingkaran Cyber Point Timur, MEX Highway, LDP Highway, SKVE Highway, Putrajaya Sentral MRT Station, Cyberjaya City Centre MRT Station

When: June 2025

The sukuk wakalah will have a perpetual tenure, unless cancelled, while the ICP programme will have a seven-year tenure.

Shaiful succeeds Syahrunizam Samsudin, who resigned at the end of August to take the helm of independent power producer Malakoff Corp Bhd.