SkyWorld Development Bhd took home the Gold Award yesterday in the Property Development category at the Putra Aria Brand Awards 2023 in its inaugural participation.

The proposed Residential Tenancy Act is deemed unnecessary as the current system is operating well, according to PEPS president Subramaniam Arumugam, in his opening address at the 16th Malaysian Property Summit 2024 organised by the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) in Johor on Thursday (Jan 18).

While Tanco Holdings Bhd’s share price has been on a downward spiral, a total of 6.07 million warrants were converted at the exercise price of 31 sen per share, the company’s filing to Bursa Malaysia showed. 

Sentoria Group Bhd plans to raise up to RM150 million — more than three times its market capitalisation of RM40 million — from a redeemable convertible bonds issue to repay loans and finance property developments.

Tanco Holdings Bhd, whose share price suddenly tumbled as much as 26.72% on Thursday and prompted Bursa Securities to suspend the counter's intraday short selling, said it is not aware of any corporate development, rumour or report that may have triggered the sharp fall.

FM Global Logistics Holdings Bhd is buying two pieces of land totalling 5.68 acres in the Setia Alaman Industrial Park, Klang, from property developer Petaling Garden Sdn Bhd for RM37.86 million, cash, or RM153 per sq ft. 

Property developer Magna Prima Bhd is teaming up with Golden Rainbow View Sdn Bhd to jointly develop a mixed development with an estimated gross development value (GDV) of RM1.2 billion, on a 113,963 sq ft site previously occupied by the Lai Meng school here, which fronts the north-western side of Jalan Ampang.

RHB Research said IJM Corp Bhd has secured RM2.9 billion worth of jobs year-to-date for the financial year ended March 31, 2024 (FY2024), compared with its job replenishment assumption of RM4 billion for the period, after its joint venture (JV) company secured a RM176 million job for the automated people mover (APM), or aerotrain, project at the Kuala Lumpur International Airport (KLIA).

Eco World Development Group Bhd unit Eco Botanic 3 Sdn Bhd (EB3SB) is acquiring land in Pulai, Johor from River Retreat Sdn Bhd (RRSB) for RM450.13 million, and will subsequently develop the land for affordable housing.

MARC Ratings has downgraded its rating on YNH Property Bhd's Islamic Medium-Term Notes Programme (Sukuk Wakalah) to BBBIS from AIS and concurrently placed the rating on MARCWatch Negative.