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UEM Sunrise Bhd’s wholly owned subsidiary Bandar Nusajaya Development Sdn Bhd, has signed a Sales and Purchase Agreement with Country View Bhd’s subsidiary Country View Resources Sdn Bhd for the sale of 163.9 acres of land in Iskandar Puteri, Johor for RM310 million. The commercial parcel will be developed into a mixed use development featuring…

Xin Hwa Holdings Bhd {Xin Hwa Trading & Transport} (XHH) is buying two pieces of land measuring 44.05 acres in Plentong, Johor Baru, for RM26.53 million, from Johor Corp, where it plans to build a new warehouse and an open yard for its fleet of vehicles. The proposed transaction is in line with the group’s…

Medini Iskandar Malaysia Sdn Bhd is at different stages of negotiation with local and international companies to relocate, expand or start new business ventures in Medini City. Medini 9 tower will be completed in 2Q18 and Medini 10 in 2019. These projects will be the first high rise office blocks in the 2,300 acre Medini…

Malaysian Resources Corp Bhd (MRCB) will make the necessary announcement on the Eastern Dispersal Link (EDL) highway, after the announced that the toll for the EDL will be abolished from 2018. The 8.1km expressway links the Pandan interchange at the southern end of the North-South Highway to the new Customs, Immigration and Quarantine (CIQ) complex,…

Alpha Galaxy Sdn Bhd announced the confirmation of the new National Distribution Centre for Continental Tyres PJ Malaysia to be constructed on a 60-acre plot of land. The Galaxy Logistics Hub, a storage centre for the 850,000 sq. ft. warehouse space will be leased to Continental Tyre Malaysia in 1Q19. (StarProperty.my 02/11/2017)

Axis Real Estate Investment Trust (Axis-REIT) is set to build an industrial manufacturing facility for England-based Upeca Aerotech Sdn Bhd (Upeca) at a total development cost of RM74.16 million. This follows the successful signing of a sub-lease agreement with Malaysia Airports Holdings Bhd (MAHB), via its trustee RHB Trustees Bhd, to lease 7.02 acres of…

Hap Seng Consolidated Bhd’s property arm Hap Seng Land Sdn Bhd will develop a new office building, named “Menara Hap Seng 3”, for a construction cost of RM312 million. Targeting foreign multinational companies, the building will be built on the former 0.72 acre site of the group’s Mercedes-Benz Hap Seng Star Autohaus, at the intersection…

UEM Sunrise Bhd’s Residensi Solaris Parq in Mont’ Kiara was launched in early October 2017 and has already reportedly reached a sales rate of 80%. Residensi Solaris Parq marks the first phase of Solaris Parq, the third instalment of the Solaris development series after Solaris Mont’ Kiara and Solaris Dutamas. With a gross development value…

Vizione Holdings Bhd’s (VHB) subsidiary Wira Syukur (M) Sdn Bhd is building four blocks of office suites in Ulu Langat, Selangor for Paragon Hemisphere Sdn Bhd for RM401 million. The three year contract, will encompass two phases. The commencement date for phase one is October 30, 2017, while phase two will start on May 1,…

BBCC Development Sdn Bhd has sold its 28 storey hotel block in Bukit Bintang City Centre (BBCC) to Hass Holdings Sdn Bhd for RM290 million. The hotel will be managed by Hilton and branded as the first “Canopy by Hilton” hotel in South-East Asia under a hotel management agreement between Hass Holdings and Hilton. “Canopy…

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Jones Lang Wootton