The government is in the process of finalising sustainable development guidelines for data centres, which will become one of the conditions for applying for government incentives.

Even if it is against the state's interest, the land title for the Duta enclave — the 263.27-acre (106.54-hectare) land in Mukim Batu that currently hoses various government complexes and facilities — has to be transferred back to Semantan Estate (1952) Sdn Bhd as it is the right thing to do, according to the High Court judge who directed that the deed be done.

I agree with this concern, and would like to draw further attention to a deeper underlying mess (poverty of elegance) between several Acts, ministries and government agencies in Malaysia, which participate in, or act as counterparts to the business of “property management”. Here I draft out three key issues, and for prettiness, some charts.

SkyWorld Development Bhd won multiple awards at the QUEST 2024 event organized by the Construction Industry Development Board (CIDB) Malaysia, today.

Noteworthy:

• Freehold
• Built-up size: 9,000 sq ft
• 2 bathrooms
• Unfurnished
• Nearby amenities: Johor Bahru Senai International Airport, Johor Premium Outlets, KPJ Bandar Dato’ Onn Specialist Hospital, and schools
• Accessibility: North-South Expressway, SDE, Senai Highway, Jalan Lapangan Terbang, J8 Jalan Seelong, Persiaran SAC

When: July 2024

"With a significant 75% share within the JV, Gamuda’s share of the contract value is RM3.2 billion."

Currently, the Strata Management Act 2013 requires full consent from all strata owners before redevelopment can proceed, a requirement Nga described as "unreasonable and against public interest", especially for areas that are no longer safe to live in.

While acknowledging the rationale behind safeguarding the retirement savings of foreign workers, the association said the proposal will have significant cost implications, especially for the construction sector.

The build and lease agreement was signed between the company’s wholly owned subsidiary, Projek Tetap Teguh Sdn Bhd and a multinational corporation semiconductor maker based in Penang.

For 1QFY2025, the REIT declared a distribution of 1.52 sen per unit, slightly lower than the 1.55 sen per unit declared a year ago.