Kimlun Corp Bhd has bagged two construction contracts worth RM94.5 million pertaining to main building works for 78 units of shop offices and a shopping mall with facilities in Johor Bahru.
Yong Tai Bhd saw the emergence of its new largest shareholder after Domain Capital Sdn Bhd acquired 90 million shares representing a 23.8% stake in the property developer.
Little-traded IGB Bhd's share price hit a record high of RM3.10 in March while the company has mopped up more shares under its share buyback scheme.
Noteworthy:
When: March 2023
In an effort to have Malaysian property players to learn and emulate Singapore’s industry practices, the training, research and education arm of the Real Estate and Housing Developers’ Association of Malaysia (Rehda), Rehda Institute organised the Asia Real Estate Leaders Masterclass & Tour in Singapore, last week.
Pahang Menteri Besar Datuk Seri Wan Rosdy Wan Ismail has assured that the state government does not plan to increase quit rent (land tax) over the next five years, despite targeting an increase in revenue collection every year.
Teow Wooi Huat appears to have returned to Malaysia’s corporate scene. Stock exchange disclosure reveals that the businessman’s 519.5 acres land in Melaka has piqued the interest of Sand Nisko Capital Bhd to participate in a RM1.75 billion mixed-used development.
Noteworthy:
When: February 2023
There was a further recovery of property demand, ESG and M&A activities observed in 1Q2023, which served as the key driver in the KL office market.
Rafizi said the government is also committed to introducing “more RE programmes based on a willing buyer, willing seller basis” to induce private-sector participation.
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