Sime Darby Property Bhd (KL:SIMEPROP) has announced that the first stage of its XME Business Park 2 at its Nilai Impian township in Negeri Sembilan has been fully taken up during a preview held on Aug 29, according to a press statement on Friday.

M&M Ventures Holdings Sdn Bhd, through its affiliated company M&M Construction Sdn Bhd, has announced the development of its maiden venture retail park project next to ICC Pudu in Kuala Lumpur.

The Gohtong Jaya Fire and Rescue Station, on a 0.8-hectare site here, will be the first fire and rescue station to be built through public-private strategic cooperation, said Housing and Local Government Minister Nga Kor Ming.

The total sum for the proposed disposal of Kuchai Development Bhd’s (KL:KUCHAI) assets and liabilities to Sungei Bagan Rubber Company (M) Bhd (KL:SBAGAN) has been revised lower following the exclusion of an agricultural land parcel in Semenyih, Selangor.

Atlan Holdings Bhd (KL:ATLAN) said its indirectly owned units, Cergasjaya Sdn Bhd and Cergasjaya Properties Sdn Bhd (CPPA), have received notices for the compulsory acquisition of their lands in Bukit Kayu Hitam, Kedah, for a road construction project.

Tropicana Gardens, an integrated and transit-oriented development (TOD) at Tropicana Indah, celebrated a 100% take-up and a topping event for Edelweiss Serviced Residences, SOFO and Shoppes today.

The state government has devised several strategies to address the rising cost of living, particularly regarding the anticipated increase in property values in Johor Bahru due to the implementation of the Johor-Singapore Special Economic Zone (JS-SEZ).

The Penang island and Seberang Perai local plans, which will guide future development on the island and in Seberang Perai until 2030, will be gazetted next year.

Maybank Investment Bank Bhd (Maybank IB) has upgraded its rating for the domestic real estate investment trust (REIT) sector to “positive”, as it is expected to see better earnings growth on the back of sustained occupancy and rental rates, coupled with new asset injections.

Analysts have deemed Sunway Bhd’s (KL:SUNWAY) acquisition of a 17.58-acre freehold land in Taman Taynton, Kuala Lumpur, for RM320 million as fair, citing attractive pricing and strong development potential.