The purchase came less than two weeks after a Bayan Resources executive also joined as the company’s second-largest shareholder through the placement.

Residensi Oasis, developed by CTC Development Malaysia Sdn. Bhd., is a freehold serviced apartment project strategically located along Jalan Senyum, Kampung Wadihana, in the heart of Johor Bahru city. 

It made a net profit of RM54.44 million for its 2QFY2025, up 46.8% from RM37.08 million in 2QFY2024.

The project entails the construction of a four-lane dual carriageway measuring 14.7km in Limbang. 

Net profit for the quarter jumped more than fivefold to RM21.75 million from RM4.16 million a year earlier. 

Parkland by the River, officially registered as Residensi Parkland Permas (Phase 2), is developed by Parkland Southern Sdn. Bhd. in Permas Jaya, Johor Bahru.

Ivory Properties said Ivory Indah is not a major subsidiary, with its assets making up 15% of the group.

Sunway Maple Residence, developed by Sunway Iskandar Development Sdn. Bhd., is an exclusive landed residential project in Sunway City Iskandar, Iskandar Puteri, Johor. 

Ivory Properties Group Bhd (KL:IVORY), a Practice Note 17 (PN17) company, announced that its group chief executive officer and executive director Datuk Low Eng Hock has resigned from all positions in the Penang-based property developer, effective Aug 22, citing personal reasons.

The parliamentary Public Accounts Committee (PAC) found that an outdated formula to calculate land prices led to the government losing about RM136.8 million in revenue in the case of the Kampung Bohol flood retention pond project.