Lim Seong Hai Capital Bhd (KL:LSH) and Besteel Engtech Sdn Bhd (BESB) have delivered their maiden joint-venture high-rise residential project named Laman Seri Harmoni (LSH33) in Sentul, Kuala Lumpur. Vacant possession of the project was delivered 33 days ahead of schedule on Sept 12.

Aizo Group Bhd (KL:AIZO) has inked a memorandum of understanding (MOU) with NetRunner Sdn Bhd to jointly establish a Tier 4 data centre hub in Sarawak, to meet the increasing demand for secure and reliable data storage and processing facilities.

Construction outfit Fajarbaru Builder Group Bhd (KL:FAJAR), which in April clinched a deal to build apartments under the first phase of WCT Holdings Bhd's (KL:WCT) AdisonWest development in Johor Bahru, has now been awarded the contract for the second phase.

Electrical and mechanical engineering firm LFE Corp Bhd (KL:LFECORP) has secured a subcontract worth RM38.8 million at the hyperscale data centre being developed in Elmina Business Park in Sungai Buloh.

Econpile Holdings Bhd (KL:ECONBHD) said it has been awarded a RM35.11 million contract to undertake bored piling, earthworks, and retaining wall and sub-structure works for an apartment project in Kuala Lumpur.

Noteworthy:

• Leasehold
• Built-up size: 7,233 sq ft
• Unfurnished
• Nearby amenities: MRT 16 Sierra, MRT Cyberjaya City Centre, Taylor’s International School Puchong, residential communities, small businesses, and F&B outlets
• Accessibility: Putrajaya-Cyberjaya Expressway, ELITE (Putrajaya Link), LDP, Kesas, NPE, SKVE

When: June 2024

Crescendo Corporation Bhd (KL:CRESNDO) said on Wednesday that it is buying SGR Land Development Sdn Bhd and taking on its six land purchase obligations in Johor for RM168.85 million.

LBS Bina Group Bhd (KL:LBS) officially launched its latest 315-acre township development named Rimbawan in Genting Highlands, Pahang on Tuesday (Oct 15). The township has a gross development value (GDV) of RM9.5 billion.

Henry Butcher Malaysia (Mont Kiara) Sdn Bhd (HBMK) marked its growing success with an Annual Dinner 2024 at the Majestic Hotel Kuala Lumpur.

An inheritance tax will only be a burden to the family’s heirs, and particularly stifling to lower income or middle-class children of well-to-do parents who would have to bear the possibly excessive tax they are suddenly ladened with due to the property they inherited.