Rapid bus and rail service users in Klang Valley will soon have the option to pay fares using methods other than Touch 'n Go (TNG), as the government aims to expand cashless payment options.

Construction company Lim Seong Hai Capital Bhd (LSH) said on Wednesday it is proposing a public offering which could potentially raise RM168.08 million as part of its listing transfer to the ACE Market from the LEAP Market.

Ekovest Bhd managing director Tan Sri Lim Keng Cheng has been redesignated as non-executive director with immediate effect, while his alternate director Lim Ding Shyong also stepped down, citing “other commitment” as reason.

Bank Pembangunan Malaysia Bhd said on Wednesday it is providing financing totalling RM253.5 million for construction of a data centre in Cyberjaya, Selangor.

Loss-making property developer Thriven Global Bhd is selling four plots of freehold land collectively measuring 50,454 sq m or 12.47 acres in Kulim, Kedah, to raise some RM22 million.

Noteworthy:

• Built-up size: 3,000 sq ft
• Land size: 3,800 sq ft
• Fully furnished
• 5 bedrooms, 5 bathrooms
• Nearby amenities: Putra Heights and Subang Alam LRT stations, Kawasan Industri Kota Kemuning, Emerald Nursing Care Home, schools, the Glades Plaza, Giant Hypermarket, Main Place Mall, Da Men Mall, One City
• Accessibility: ELITE, Persiaran Klang, via ELITE: LDP, KESAS, NKVE, SKVE

When: September 2023

As global and national change spur shifts in internal and external industry dynamics, protecting the longevity of real estate via innovation and sustainability is key. The Malaysian Annual Real Estate Convention (MAREC) 2024 explored this with its ‘Real Estate Evolution: Winning through Innovation & Sustainability’ theme.

The occupancy rates of shopping complex retail space in Malaysia improved by two percentage points year-on-year (y-o-y) in 2023, while the occupancy rate of purpose-built office space remained unchanged, according to the National Property Information Centre (Napic).

A record-breaking transaction of RM39 million under the Fertile Tree award was revealed at the recently held Worldtree Properties Annual Dinner and Award Ceremony. It was the highest recorded single deal for the company in 2023.

The number of completed residential properties that remained unsold for nine months continued to decline in 2023, extending the improvement seen a year before.