Real Estate

Tek Seng buys three parcels of land in Penang for RM34m

Wednesday, April 5th, 2023 at Business | News Tek Seng Holdings Bhd is buying three parcels of freehold vacant land in Seberang Perai, Penang for RM33.96 million. It told the bourse that its unit, Wangsaga Industries Sdn Bhd (WISB) is acquiring a 4.8765 ha plot of land from Bagan Specialist Centre Sdn Bhd for RM26.98 million. WISB is also acquiring a 0.39 ha plot for...

RHB Research stays ‘overweight’ on property and real estate sector, sees value despite market volatility

Anis Hazim / theedgemarkets.com April 05, 2023 | Updated 1 day ago  Many developers under the research house’s coverage have become more upbeat on the property market this year, in view of their more aggressive launching pipelines and sales targets. Such developers include UOA Development Bhd, which will launch three new projects in 2023, while S P Setia Bhd and Mah...

Residential Tenancy Bill to be tabled in Parliament next year — deputy minister

Bernama March 29, 2023 | Updated 1 week ago      "Among the objectives of drafting this Bill is to regulate the relationship between residential owners and tenants, balance the rights and responsibilities of both parties, and establish a dispute-resolution institution between parties involved in residential tenancy transactions.” KUALA LUMPUR (March 29):...

Digital Penang signs MoU with MBAN to enhance growth of tech startups

AdminMarch 24, 2023 TECHNOLOGY startups play a significant role in contributing to the digital economy as well as social economic development and in other areas, says state Transport and Infrastructure Committee chairman Zairil Khir Johari. Zairil said this during the MoU signing ceremony between Digital Penang and the Malaysian Business Angel Network (MBAN) at The Wembley St Giles Hotel...

AMD announces global business services expansion, more engineering presence in Penang

Penang Chief Minister Chow Kon Yeow said AMD Malaysia was established in Penang in 1972 and today employs over 800 people across two GBS facilities in Penang and Cyberjaya. — Picture by Sayuti Zainudin By Opalyn Mok Thursday, 23 Mar 2023 3:45 PM MYT GEORGE TOWN, March 23 — AMD Global Services (M) Sdn Bhd will be expanding its global business services (GBS) and engineering capabilities in...

Henry Butcher Malaysia Mont Kiara celebrates success, lauds achievements of its staff

EdgeProp.my March 22, 2023 | Updated 1 day ago    Managing director of HBMK Low Hon Keong (fifth from left) expressed gratitude for the commitment and dedication shown by employees during the past years of unprecedented challenges brought about by the pandemic (Photos by Henry Butcher) The company hosts its first annual dinner in three years Highlights strong teamwork...

Malaysian REITs remain a safe haven amid market volatility, says MIDF Research

Justin Lim / theedgemarkets.com March 22, 2023 | Updated 1 day ago      The performance of retail REITs is expected to remain steady, particularly for REITs with malls in good locations, such as IGB REIT, Sunway REIT, Pavilion REIT and KLCCP Stapled Group. KUALA LUMPUR (March 22): Malaysian real estate investment trusts (REITs) remain as safe-haven...

DFI Retail Group offloads Giant, Cold Storage, Mercato to Malaysian retail group

A LOCAL retail group led by local businessman and entrepreneur Datuk Andrew Lim Tatt Keong will be acquiring the food retail business of DFI Group in Malaysia which includes the iconic Giant, Cold Storage and Mercato brands. Lim is currently the SOGO Department Store Sdn Bhd group deputy chairman as well as the executive chairman of the GAMA Group which owns and operates the iconic GAMA Supermarket...

HENRY BUTCHER: The local real estate market is showing more signs of recovery this year

Kuala Lumpur, 07 February : The Henry Butcher Malaysia group is cautiously optimistic that the Malaysian property market will show firmer signs of recovery in 2022 as the Covid-19 pandemic appears to be under control. The achievement of a vaccination rate of more than 79 per cent, as well as the transition to the provision of booster vaccines, will boost overall confidence and economic activity,...

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