A wholly-owned company of flat steel products manufacturer Astino Bhd is buying a 884,703 sq ft piece of land in Selangor for RM60.16 million to undertake its expansion programme.

Sunway Real Estate Investment Trust's (Sunway REIT) net property income (NPI) for the first quarter ended March 31, 2023 (1QFY23) rose 16.3% year-on-year (y-o-y) to RM138.31 million from RM118.92 million driven by its retail segment.

Noteworthy:

• Leasehold
• Built-up size: 6,500 sq ft
• Land size: 4,080 sq ft
• 6 bedrooms, 6 bathrooms
• Unfurnished
• Nearby amenities : PLaza Low Yat, Ampang Point Shopping Mall, hospitals, international schools, convenience stores, F&B outlets
• Accessibility:  EKVE highway, SPE highway, Federal highway

When: January 2023

): Indonesia’s planned city Nusantara is poised to become the next economic hub in the country, as highlighted by FIABCI Asia Pacific region president and special envoy for foreign affairs Rusmin Lawin at the International Real Estate Federation (FIABCI) Malaysia Morning Talk at Dewan Berjaya, Bukit Kiara earlier on Wednesday (May 3).

Bank Negara Malaysia (BNM) has raised the overnight policy rate (OPR) by 25 basis points (bps) to 3%, as the central bank believes the global economy continues to be driven by resilient domestic demand.

Mutiara Spaces by Boustead Properties Bhd recently announced the winning entry of the Mutiara Hills Sculpture Design Challenge 2023 to become the “iconic landmark in the heart of the developer’s latest integrated smart township project in Semenyih, Selangor”.

Roads closed due to construction work will be reopened soon to reduce traffic congestion in the Klang Valley, according to Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi.

Brem Holdings Bhd has ceased to be a substantial shareholder in Titijaya Land Bhd, after its 48.33%-owned unit Titi Kaya Sdn Bhd disposed of 7.7 million shares in the property developer.

Mulpha International Bhd has secured a A$160 million (RM478 million) green syndicated construction facility in Australia.

Noteworthy:

• Leasehold
• Built-up size: 3,800 sq ft
• Land size: 3,800 sq ft
• 5 bedrooms, 5 bathrooms
• Semi-furnished
• Nearby amenities: Wangsa Walk Mall, Melawati Mall, Ampang Point Shopping Centre, AEON Big, hospitals, international schools, convenience stores, F&B outlets, LRT Sri Rampai
• Accessibility:  DUKE highway, AKLEH highway, MRR2 and Jalan Ampang

When: March 2023