PN17 Ivory Properties faces suspension, de-listing after Bursa rejects extension request
As a result, trading in Ivory’s securities will be suspended effective Aug 29, and the company will be de-listed on Sept 3, unless an appeal is submitted.
S P Setia collaborates with Taiwan’s Ally Logistic Property to develop smart warehouse campus in Klang
The development will feature two smart warehouses equipped with AS/RS systems, one for advanced cold chain logistics and the other for high-efficiency ambient storage, providing approximately 1.
Star Media slips into losses in 2Q amid lower contribution from property development
The group attributed the weak performance to relatively lower contributions from its property development segment, due to higher progress billing from the Star Business Hub project a year ago.
Housing Development Act to be amended to cover sick commercial projects
The legislation, also known as Act 118, currently does not cover commercial projects such as shop lots and offices, while only regulating residential projects by requiring developers to obtain licences with strict conditions, said Housing and Local Government Minister Nga Kor Ming.
.jpg)
Zaini Yusoff to succeed Choong Kai Wai as S P Setia president and CEO
Datuk Zaini Yusoff, who joined S P Setia from I&P Group Sdn Bhd in 2017, has been serving as chief operating officer since 2023.
Mah Sing’s RM260m Corus Hotel land deal pricey but reasonable at RM4,019 psf—analysts
Mah Sing plans to redevelop the land into high-end serviced apartments with an estimated gross development value (GDV) of RM1.
MUI found a buyer for Corus Hotel KL, sources say
It is learnt that MUI is fetching a price in the range of RM250 million to RM280 million for the four-star hotel that is a stone’s throw from the Petronas Twin Towers.
Old bones, new buzz: Port Klang’s shoplots draw fresh interest
Rental transactions within a 1.
13MP: Govt plans to amend Act to mandate build-then-sell model to curb abandoned housing
The BTS model may be implemented through a risk-sharing partnership, such as the BTS 10:90 scheme, where buyers pay 10% upfront and the remaining 90% upon completion.
