Gamuda Bhd’s net profit increased 19.89% to RM255.24 million for the fourth quarter ended July 31, 2022 (4QFY22), from RM212.88 million a year earlier, on the back of improved earnings in the construction and property divisions.

Loss-making Nexgram Holdings Bhd is acquiring Wings By Croske Resort Langkawi for RM90 million, to be paid via issuance of preference shares by its subsidiary Medic Asset Group Sdn Bhd (MAG).

Aiming to provide greater professional security for the public, the Malaysian Institute of Property and Facility Managers (MIPFM) has entered into a memorandum of understanding (MOU) with Etiqa General Insurance Bhd to offer Professional Indemnity (PI) Insurance as well as the Fire and Miscellaneous Classes for members of MIPFM and property management firms.

Scientex Bhd's net profit slipped 12.4% to RM124.98 million in the fourth quarter ended July 31, 2022 (4QFY22) from RM142.65 million, hit by higher tax and interest expenses amid margin compression in its property segment.

Plywood products maker Annum Bhd (formerly Cymao Holdings Bhd), has inked a preliminary agreement to appoint Koperasi Belia Nasional (Kobena) as an agent to get its members to purchase all 130 single-storey terrace homes of a residential project which it is developing in Perak.

Noteworthy:

• Freehold
• Built up: 5,900 sq ft
• Land size: 2,637 sq ft
• 3 bathrooms
• Shop 
• Unfurnished
• Nearby amenities: Convenience stores, banks, F&B outlets, IOI Mall, LRT IOI Puchong, LRT Pusat Bandar Puchong
• Accessibility: Damansara-Puchong Expressway (LDP), Kesas Highway\

When: April 2022

SRC International Sdn Bhd and two of its subsidiaries have settled their RM1.43 million suit against Putrade Property Management Sdn Bhd, which manages the World Trade Centre Kuala Lumpur, amicably.

Ageson Bhd is selling 9.33 acres of freehold land in Gombak, Selangor to Koperasi Belia Nasional Bhd for RM35 million cash.

Award-winning property developer S P Setia Bhd and one of the region's leading hotel management companies ONYX Hospitality Group, recently introduced the new Amari Kuala Lumpur in Setia KL Eco City, Kuala Lumpur. 

Strata titles of properties must be handed over together with the delivery of vacant possession, stated the Special Task Force to Facilitate Business (PEMUDAH) in its meeting on Sept 26.