News

Additional Compensation Issued for Kampung Sungai Baru Land Acquisition The federal government has disbursed RM200,000 in additional compensation payments to 11 flat unit owners in Kampung Sungai Baru, Kampung Bharu, following an out-of-court settlement. This is part of the ongoing land acquisition process managed by the Kuala Lumpur Federal Territory Department of Lands and Mines (JKPTG WPKL) under the...

Mah Sing Acquires Prime Johor Land for RM463 Million M Tiara 3 Project Mah Sing Group Bhd (KL:MAHSING) is set to further expand its footprint in Johor Bahru with the acquisition of 59.12 acres of prime freehold land in the Pulai district. The land, purchased for RM62.98 million, will be developed into a township named M Tiara 3, featuring spacious super-linked homes with an estimated gross development...

Binastra Corp Wins RM327.74 Million Contract for Bukit Jalil Project Binastra Corp Bhd (KL:BNASTRA) has been awarded a significant RM327.74 million building contract to construct two blocks of 58-storey serviced apartments for The Vividz @ Bukit Jalil. This latest win reinforces Binastra’s position as a key player in Malaysia’s construction sector. Awarded by Exsim Bukit Jalil City The contract...

MRT Corp Opens Tender for RM10 Billion Penang LRT Mutiara Line Project Mass Rapid Transit Corp Sdn Bhd (MRT Corp) has announced an open tender for the Penang Light Rail Transit (LRT) Mutiara Line project, which is a significant component of Malaysia's public transportation infrastructure. With an allocated budget of RM10 billion, the project is expected to enhance connectivity across Penang Island and the...

Exceptional Demand for Sime Darby Property’s JUMPA and Kanopi Developments Sime Darby Property's recent launches at Elmina City Centre have met with overwhelming success, reflecting the area's growing appeal as a vibrant commercial and residential hub. JUMPA @ Elmina Valley: A Commercial Triumph JUMPA @ Elmina Valley, a multi-storey commercial development located just 500 meters from Elmina City...

Penang Studies the Feasibility of a Special Financial Zone Penang is exploring the establishment of a Special Financial Zone (SFZ) to serve as a growth engine for the state’s economy. According to Chief Minister Chow Kon Yeow, the Penang Institute (PI) is currently conducting a comprehensive study on the feasibility and framework of the SFZ. The study aims to assess how an SFZ could bolster Penang’s...

Glomac Bhd has officially launched Serai @ SBCR, a highly anticipated residential precinct within the 1,200-acre Bandar Saujana Utama master plan in Sungai Buloh, Selangor. With a gross development value (GDV) of RM353 million, this 64-acre leasehold development is set to enhance the township’s appeal by offering thoughtfully designed homes and amenities. Serai @ SBCR will be developed in four phases,...

KLCC (Holdings) Sdn Bhd Acquires Bandar Malaysia Land KLCC (Holdings) Sdn Bhd (KLCCH), a subsidiary of Petroliam Nasional Bhd (Petronas), has announced the acquisition of 486 acres of prime land in Bandar Malaysia, Jalan Sungai Besi, Kuala Lumpur. The transaction, which had been under wraps, was finalized on October 4, 2024, with the sale-and-purchase agreement signed between KLCCH, Bandar Malaysia Sdn...

Federal Agencies Approve Revised PJD Link Highway Alignment: Selangor's Decision Awaits The proposed Petaling Jaya Dispersal Link (PJD Link) highway has taken a significant step forward, with federal agencies giving their nod to the revised alignment proposed by PJD Link (M) Sdn Bhd, the project developer. However, the Selangor state government now holds the final say on whether the project will...

Tropicana Corporation Berhad has announced its unaudited financial results for the third quarter ending September 30, 2024. While the group reported a revenue of RM877.8 million, a 21.9% decrease compared to the same period last year, the results underscore Tropicana’s strategic focus on debt reduction and long-term sustainability. Revenue Performance Overview The RM877.8 million revenue was...