S P Setia to continue cutting debt, preparing for potential REIT
Strategic priorities include divesting non-core assets, refinancing borrowings and generating more cash flow to service debt, S P Setia said in its annual report released on Wednesday.
Holiday Inn Express Hotel KL up for sale — Colliers
The proposed sale of the 384-room hotel includes office and retail space within the 21-floor main building and four-floor annex building with parts leased to specialty restaurant operators, Colliers said in a statement.
Ewein buying land in Butterworth to develop workers’ dormitory
The property developer and precision sheet metal fabrication manufacturer said the move is in line with the group's intention to diversify into the provision of workers’ dormitory accommodation and manpower management related services.
DONE DEAL: Boutique office, Old Klang Road, Kuala Lumpur
DONE DEAL: Semidee house, Taman Taming Indah, Selangor DONE DEAL: Semidee factory, Semenyih, Selangor Commercial real estate remains the sector with the highest average transaction prices at RM1.
Glomac’s 3Q net profit surges on higher property development revenue
The group will remain focused on the affordable and mid-market residential segments, where it has successfully built a strong brand with quality, innovative and digital lifestyle concepts products.
At least RM350m in property sales expected at Mapex Selangor 2024 — Rehda
Rehda Selangor chairman Datuk Zaini Yusoff said that Mapex Selangor 2024 will bring the latest offerings of real estate opportunities in Selangor and Kuala Lumpur.
WORQ launches eighth co-working outlet at Sunway Putra Mall with 100% occupancy
The outlet’s tenants include companies from industries such as technology, financial technology (fintech) and travel agencies, as well as digital nomads via Malaysia Digital Economy Corporation (MDEC)’s DE Rantau programme.
EcoFirst alleges conspiracy in award of now-terminated contract to Kerjaya Prospek
After the termination, Kerjaya Prospek filed a lawsuit against EcoFirst’s wholly-owned unit, BCM Holdings Sdn Bhd, claiming RM20 million in termination damages.
Maxim’s 51%-owned unit to buy land near Bukit Chagar from S P Setia for RM167m cash
Bukit Chagar — the location of the Johor-Singapore Rapid Transit System (RTS) station that is currently under construction — is in the immediate vicinity of the land purchased by MPSB, according to a bourse filing.
Nestcon bags RM80m construction job in JB
The contract involves earthworks and main infrastructure works at the proposed township development located in the Pulai district, Nestcon said in an exchange filing.
