OCR Group tops out The Mate at Damansara Jaya with 80% take-up
OCR Group Bhd has topped out its mixed-development The Mate located in Damansara Jaya, Petaling Jaya with a take-up rate of 80%, according to a press release on Wednesday.
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EXAL Group launches SÓL Estate show village
EXAL Group officially unveiled its new show village for the SÓL Estate residential development. The event dubbed A Blossoming SÓL took place on Feb 17 at SÓL Estate itself on Jalan Batu Kawa in Kuching.
Glomac surges to three-year high as investors bet on better days ahead after below-view 3Q
Shares of Glomac Bhd surged to its highest in three years, as investors and analysts bet on better sales and margins ahead, even after the property developer reported weaker-than-expected results.
S P Setia to continue cutting debt, preparing for potential REIT
Malaysian property developer S P Setia Bhd plans to continue cutting its debt as well as sell more unimportant assets and improve its investment properties for a potential real estate investment trust (REIT).
Holiday Inn Express Hotel KL up for sale — Colliers
The Holiday Inn Express hotel in the Kuala Lumpur city centre has been put up for sale by its privately owned owner Winbond Group, according to real estate firm Colliers.
Ewein buying land in Butterworth to develop workers’ dormitory
Ewein Bhd is acquiring a vacant piece of industrial land in Butterworth for RM25.84 million to develop a workers’ dormitory in a related party transaction.
DONE DEAL: Boutique office, Old Klang Road, Kuala Lumpur
Noteworthy:
- Freehold
- Built-up size: 34,057 sq ft
- 9 storey office block
- Private lift
- Naming rights
- Unfurnished
- Nearby amenities: Mid Valley Megamall, Nexus Bangsar South, IWK Eco Park @ Pantai Dalam, KL1281 Southbank Residence bus stop, schools, residential developments, various small businesses and F&B outlets
- Accessibility: NPE, Federal Highway, Old Klang Road
When: December 2023
Glomac’s 3Q net profit surges on higher property development revenue
Glomac Bhd’s net profit jumped by over 800% to RM3.81 million for its third quarter ended Jan 31, 2024 (3QFY2024), from RM419,000 a year earlier, driven by higher revenue from its property development and property investment business.
Avaland tops out Aetas Damansara at Persiaran Tropicana
The development is targeted for vacant possession (VP) in 1Q2025, which is about six months ahead of schedule from its initial expected completion date in 2Q2025.
Cambodia’s investment climate surges with 5.5% growth rate in 2023 – Juwai IQI
The summit also saw senior business leaders from China, Malaysia and Cambodia welcoming the newly launched Cambodia Malaysia China (CMC) High-Tech Park.
