Engineering firm West River Bhd (KL:WESTRVR) has secured a RM16.66 million subcontract to undertake electrical low-voltage and lighting services for an apartment project.

IOI Properties Group Bhd (KL:IOIPG) confirmed that it is planning a real estate investment trust, to be listed on Bursa Malaysia's Main Market, as it announced on Tuesday the incorporation of a subsidiary to be the REIT's manager.

Three professional bodies representing property valuers, managers and consultants have called for the second reading of the Urban Renewal Bill to be deferred pending comprehensive stakeholder engagement.

TA Global Bhd on Tuesday signed a memorandum of understanding (MOU) with Alliance Bank Malaysia Bhd (KL:ABMB) to offer green financing for purchasers of its Grade-A strata office tower development called The Arden in Bandar Sri Damansara, Selangor.

Noteworthy:

• Built-up size: 3,220 sq ft
• Land size: 3,485 sq ft
• 5 bedrooms, 6 bathrooms
• Unfurnished
• Nearby amenities: Cyberjaya Lake Gardens, D’Pulze Shopping Centre, Gem In Mall, Hospital Putrajaya and Limkokwing University of Creative Technology
• Accessibility: MEX, ELITE, LDP, SKVE, Putrajaya Link

When: March 2025

The call comes after the PAC urged the government to overhaul Kuala Lumpur’s land development system, citing serious issues including unchecked approvals, ignored public objections, and the sale of public land below market value.

Parcel C comprises 49 shoplots with built-up sizes ranging from 2,908 to 3,706 sq ft and priced between RM2.09 million and RM3.87 million.

Net profit for the three months ended June 30, 2025 (2QFY2025) was RM91.71 million, or 3.5 sen per share. 

The property developer made a net profit of RM45.4 million for 1QFY2026, compared with RM37.5 million for the quarter a year ago.

Such a move would dampen the capital city’s gross domestic product heavily dependent on the construction and property-related services sectors, she said.