KUALA LUMPUR (Dec 11): Sentral Real Estate Investment Trust (Sentral REIT) said on Monday that it has completed the acquisition of Menara CelcomDigi (pictured) in Petaling Jaya from Malaysian Resources Corp Bhd (MRCB) for RM450 million. MRCB is the single largest unitholder of Main Market-listed Sentral REIT, with a 27.94% equity interest. Sentral REIT had…
Read MoreSenada at KLGCC Resort was the Sime Darby Brunsfield Holding Sdn Bhd joint venture’s final property project. (Sime Darby web pic) PETALING JAYA: Sime Darby Property Bhd and Brunsfield Metropolitan Sdn Bhd have mutually terminated the Sime Darby Brunsfield Holding Sdn Bhd (SDBH) joint venture (JV). This decision dissolves the 60:40 JV at book value…
Read MoreProponents of the ‘build-then-sell’ property development model say it will protect housebuyers. PETALING JAYA: Mandating a build-then-sell (BTS) requirement on all property development projects will protect buyers, but it will come at a cost. Proponents of the idea argue that it will address the problem of abandoned housing projects. “With BTS, the buyer will purchase…
Read MoreKUALA LUMPUR (Dec 8): RHB Retail Research said LBS Bina Group Bhd is set to propel towards the year-to-date (YTD) high, as it surpassed the 57.5 sen breakout level on Thursday, on the back of surging trading volume. In a trading stocks note on Friday, the research house said the latest “higher high” bullish pattern…
Read MoreKUALA LUMPUR (Dec 7): Chin Hin Group Bhd has filed its establishment of a perpetual medium-term note (MTN), in a bid to raise up to RM500 million, with the Securities Commission Malaysia (SC). In a bourse filing on Thursday, the group said proceeds raised from the issuance of the perpetual MTN shall be utilised for…
Read MoreKUALA LUMPUR (Dec 8): Sime Darby Property Bhd and Brunsfield Metropolitan Sdn Bhd have mutually terminated their 60:40 joint venture (JV). The JV, Sime Darby Brunsfield Holding Sdn Bhd, is dissolved at book value effective Friday, said Sime Darby Property in a statement. The JV will now be Sime Darby Property’s wholly owned subsidiary, and…
Read MoreKUALA LUMPUR (Dec 8): The government is committed to increasing the acceptance level of Malaysians to shift to electric vehicles (EVs), including electric motorcycles, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz (pictured). He said this is due to the benefits of EV mobility, which is not only limited to cars,…
Read MoreKUALA LUMPUR (Dec 7): Over 50 free houses are expected to be built, under the Veterans Housing Initiative Project, next year for pensionable and non-pensionable Malaysian Armed Forces (MAF) veterans. Deputy Defence Minister Adly Zahari said this number is in addition to the 44 houses that have been built and are being built nationwide involving…
Read MoreKUALA LUMPUR (Dec 7): Amid rumours swirling around the award of the Multi-Lane-Fast-Flow (MLFF) system, Works Minister Datuk Seri Alexander Nanta Linggi said Putrajaya has yet to make a final decision on the RM3.46 billion project. He said letters of agreement that were inked in 2021, providing approval in principle for the implementation of the…
Read MoreKUALA LUMPUR: Mah Sing Group Bhd has announced its plan to develop its latest product, M Azura, on four acres of its fifth land deal of the year, which was acquired in Setapak, Kuala Lumpur for RM74.3mil. M Azura will be the group’s third development in Setapak, along with both M Astra and M Adora,…
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