Bonia Corp Bhd’s wholly-owned subsidiary, Maha Asia Capital Sdn Bhd (MASB), has inked a Sale and Purchase Agreement (SPA) to acquire a piece of freehold land in Kuala Lumpur (KL) from Resaa Properties Sdn Bhd for RM35.51 million. The acquisition includes land measuring 1,403.71 sq m as well as a double-storey bungalow and guard house, it said in a filing with Bursa Malaysia. Bonia opined...

‘Tis the season to be jolly with family and friends. Sunway Velocity Mall's Vanity Atrium has been brought to life with lights, colours and festive cheer during the Christmas holidays to Jan 2 next year. As the year approaches the end of a fruitful 2022, and after overcoming so many challenges, it is time to celebrate the year with joy and gratitude towards everyone around us.   “As...

Property developer Ibraco Bhd's unit Ibraco Construction Sdn Bhd has set up a joint venture company with supplier of asphalt concrete and ready-mixed concrete Kamunting Premix Plant Sdn Bhd. In a bourse filing on Friday (Dec 16), Ibraco said Ibraco KPP Concrete Sdn Bhd has an initial paid-up capital of RM100,000 represented by 100,000 ordinary shares. In the JV, Ibraco Construction will hold a 70%...

The Tropika Bukit Jalil Commercial has opened its doors for business to serve its surrounding neighbourhood in the Bukit Jalil area here, while awaiting the completion of its residential component in more than a year’s time. Developed by Berjaya Land Bhd (BLand), the commercial component forms part of The Tropika Bukit Jalil, a 6.5-acre freehold mixed development, which will include four blocks...

To prepare for the full operation of the Putrajaya Mass Rapid Transit (MRT) line, Rapid Rail Sdn Bhd (Rapid Rail), Mass Rapid Transit Corp Sdn Bhd and contractors will conduct a final trial run of the Putrajaya MRT line Phase Two operation from Nov 22 until Dec 18. Rapid Rail said in a statement on Monday that the final trial run is a precondition set to measure and test system...

Australian real estate group Lendlease announced during a media briefing on Thursday (Dec 8) that the experiential retail and entertainment component of the 17-acre The Exchange TRX will be unveiled in 4Q2023. The Exchange TRX is part of the 70-acre Tun Razak Exchange (TRX) development in Jalan Tun Razak, Kuala Lumpur. The retail and entertainment...

An agreement has finally been inked to facilitate Pavilion Real Estate Investment Trust's (Pavilion REIT) purchase of Pavilion Bukit Jalil mall (PBJ mall) from Malton Bhd. Both groups have been in talks regarding the purchase since December last year. Malton's executive chairman and major shareholder Tan Sri Desmond Lim is also the chairman and non-independent executive director of Pavilion REIT...

Buying a property can be an overwhelming experience, especially if you are a first-time homebuyer. To help you make a more informed decision, here is a list of questions to ask your developer, sales staff, or real estate agent when buying a new property in the primary market. 1. Who is the developer? Purchasing projects under construction carries the risks of delays, or the possibility of the...

Teluk Intan MP Nga Kor Ming, who has been involved in politics for the past 23 years, is no stranger to the national political arena and is now appointed as a member of the Cabinet, holding the portfolio of Minister of Local Government Development. Nga, 50, born in Kota Bharu, Kelantan, holds a Bachelor of Laws (Hons) from the University of Malaya (UM) and has been a barrister and solicitor of the High...

Desa ParkCity’s Scandinavian-themed project NOÖRA recorded 73% of its residential units taken up over the weekend of Nov 26 and 27 during a Priority Sales event. Described as ParkCity Group’s first integrated development at its Desa ParkCity townwhip, the developer stated that there were “overnight queues as prospective buyers turned up as early as 4pm the day before the… event held for...