KUALA LUMPUR (July 18): IJM Land Bhd is looking to launch a new commercial hub, called Nexus, in Seremban 2 (S2) this quarter. The 21.41-acre commercial hub will have a gross development value of RM300 million. It has two phases, whereby the first phase consists of shop offices, while the other phase will be for future retail space. Phase 1 will have a total…
Read MoreKUALA LUMPUR (July 18): Titijaya Land Bhd is acquiring Menara TM Semarak in Kuala Lumpur from Menara ABS Bhd for RM72 million. In a bourse filing on Monday (July 17), Titijaya Land said its wholly-owned subsidiaries Titijaya PMC Sdn Bhd and Titijaya South Asia Sdn Bhd are buying the asset, comprising a 22-storey purpose-built office…
Read MoreKUALA LUMPUR (July 18): IJM Corp Bhd said its wholly-owned subsidiary IJM RE Sdn Bhd inked a joint-venture (JV) agreement with FMM Elmina Sdn Bhd to develop two logistics hubs in City of Elmina, Shah Alam. Both firms entered into a subscription and shareholders agreement (SHA) to establish a 50:50 special purpose vehicle (SPV) named…
Read MoreKUALA LUMPUR (July 18): King’s Park Development Sdn Bhd is on track to develop King’s Park, the first central business district (CBD) in Genting Highlands, in partnership with Yuk Tung Group and the Association for the Promotion of Higher Education in Malaysia. Leveraging the high tourist arrivals in Genting Highlands, King’s Park is a mixed…
Read MoreMyCC chairman Hishamudin Yunus said talks with the Bar Council to dismantle the fixed conveyancing prices since 2015 had failed. PETALING JAYA: The Malaysia Competition Commission (MyCC) has expressed concern over the increase in conveyancing fees by the Solicitors’ Costs Committee under the newly enacted Solicitors’ Remuneration Order (SRO) 2023. MyCC chairman Hishamudin Yunus said…
Read MoreAnalysts are optimistic, expecting a positive outcome with increased buying activities, while staying cautious on a possible OPR hike before year-end by AUFA MARDHIAH THE first half of 2023 (1H23) witnessed the property market in a tight spot between buyers’ resistance towards higher prices and sellers’ struggle to sell in light of the poor economic…
Read MoreKUALA LUMPUR (July 13): Solarvest Holdings Bhd’s unit has signed an agreement to collaborate with Perbadanan Kemajuan Negeri Selangor to install residential solar solutions in the homes of the state development arm’s employees. In a statement on Thursday (July 13), the clean energy provider said its residential solar arm, Vestech Energy Sdn Bhd entered into…
Read MoreKUALA LUMPUR (July 14): Kerjaya Prospek Property Bhd has appointed Joanne Lee (pictured) as its new chief executive officer, effective Thursday (July 13). The 53-year-old Lee has over three decades of professional experience across several industries, namely property development, construction, manufacturing, food and beverage, hospitality, retail, gaming and leisure, and healthcare and agriculture. “Together with…
Read MoreKUALA LUMPUR (July 14): PR1MA Corporation Malaysia, MBSB Bank Bhd and Syarikat Jaminan Kredit Perumahan Bhd (SJKP) have agreed to explore ways to further promote home ownership among Malaysians. In a joint statement on Friday, the parties said a Memorandum of Understanding (MOU) inked between PR1MA and MBSB Bank will see the housing agency receiving…
Read MoreJOHOR BAHRU: There is a need for the state government and building owners to find a win-win solution to tackle the issue of old and abandoned buildings, which has marred the scenery in the city. State Housing and Local Government Committee chairman Datuk Mohd Jafni Md Shukor (pix) said this was because each of the…
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