Aug
16
In The News

Week 34 - 2025


IPOH SENTRAL EXPECTED TO DRIVE TRANSFORMATION WITH MODERN TRANSPORT HUB, SMART CITY INITIATIVES

The Edge, 16/08/2025 & NST, 17/08/2025 

The Ipoh Sentral project is envisioned to transform Ipoh into a modern, sustainable and well-connected transport hub while safeguarding the city’s cultural heritage and strengthening community bonds.  Spanning 67 acres with a gross development value of RM6.25 billion, Ipoh Sentral will be developed in two phases. Phase 1 of the project development will include a landmark public park that will serve as a communal space promoting healthy living, recreation and community interaction at Regat Tun Perak, featuring a new mosque, designed to harmonise with the surrounding landscape and reflect the spirit of unity in diversity.  Phase 2 is a mixed-use development comprising serviced apartments, office spaces, retail outlets, hotels and additional community amenities. The project is expected to generate between 8,000 and 9,000 jobs during construction and over 10,000 jobs upon completion, driving opportunities across construction, services, logistics and commerce. It will also enhance Perak’s tourism appeal, building on the 10.2 million domestic visitors and 12% growth in international arrivals recorded in 2024. Ipoh Sentral Sdn Bhd is a joint venture between the federal and state governments, bringing together Railway Assets Holding Sdn Bhd, wholly owned by the Railway Assets Corporation under the federal government, Silver Smart Sdn Bhd, a subsidiary of the Perak State Secretary Incorporated, and Country Annexe Sdn Bhd, a wholly owned subsidiary of MRCB. Strategically located opposite the historic Ipoh Railway Station, Ipoh Sentral officially broke ground on 16th August 2025.

 


 

JULY 2025 TRADE RISES TO RM265.9 BILLION, SURPLUS WIDENS

The Sun, NST, The Edge & The Star, 20/08/2025

Malaysia’s trade performance recorded a positive growth in July 2025 with a total trade exhibiting an increase of 3.8% from RM256.2 billion in July 2024 to RM265.9 billion. This performance primarily driven by a marginal growth in imports by 0.6%, reaching RM125.5 billion and exports by 6.8%, valued at RM140.4 billion in July 2025, according to the Department of Statistics Malaysia.

Malaysia’s exports increased in July 2025 in tandem with the rise in re-exports (26.4% to total exports) escalated by 42% as compared to July 2024, worth RM37 billion. On the other hand, domestic exports (73.6% to total exports), reduced by 1.9% to RM103.4 billion. Meanwhile, imports worth RM125.5 billion recorded marginal increase of 0.6% while trade surplus escalated by 120.7% to RM15 billion. Comparing with June 2025, exports, imports, total trade and trade balance recorded an increase of 15.5%, 10.9%, 13.3% and 78.2%, respectively.

Higher exports was primarily driven by increased shipments to Singapore (+RM4.7 billion), followed by Taiwan (+RM2.5 billion), Mexico (+RM1 billion), China (+RM1 billion), the US (+RM680.2 million), the European Union (+RM589.4 million) and the UAE (+RM394.6 million). The increase in imports was mainly attributed to higher inflows from Taiwan (+RM5.2 billion), followed by China (+RM1.7 billion), Republic of Korea (+RM1.6 billion), Vietnam (+RM825.2 million), Oman (+RM755.7 million), Sudan (+RM696.7 million) and Saudi Arabia (+RM679.7 million). The upsurge in imports by End Use reflected increased demand for capital good. Imports of capital goods (14.5% of total imports), climbed by 20.6% or RM3.1 billion to post a value of RM18.2 billion. However, consumption goods (8.3% of total imports), reduced by 5% or RM546.3 million to post a value of RM10.4 billion. Malaysia’s total trade for the period of January to July 2025 improved by 4.7% to RM1.7 trillion, supported by growth in exports (+4.3%) and imports (+5.1%). Nonetheless, trade surplus decreased by 4.7% to post a value of RM70.3 billion as compared to the same period in 2024.

 


 

MAH SING APPOINTED AS LEAD DEVELOPER FOR RM52.5 MILLION FLYOVER IN BANDAR TASIK KESUMA

The Edge, 20/08/2025

Mah Sing Group Bhd has been appointed by the Kajang Municipal Council (MPKj) as the lead developer for a new RM52.5 million flyover at the intersection of Jalan Tasik Kesuma and Jalan Semenyih in Bandar Tasik Kesuma. The project which involves 11 developers was formalised at a signing ceremony held at MPKj’s headquarters and led by Mah Sing’s subsidiaries Mestika Bistari Sdn Bhd, Grand Prestige Development Sdn Bhd and Elite Park Development Sdn Bhd. The 3km flyover will be accompanied by upgrades to existing roads and junctions along Jalan Semenyih to accommodate increasing traffic volume and improve road safety. Construction is scheduled to commence in 1Q26, with completion targeted in 1Q28, after which the infrastructure will be handed over to MPKj.

 


 

MALTON’S RIVER PARK IN BANGSAR SOUTH 80% SOLD

The Edge, 19/08/2025

Malton Bhd has achieved an 80% sales rate for its River Park high-rise residential project located at Bangsar South, Kuala Lumpur. River Park comprises 1,332 condominium units ranging from 812 to 1,180 sq. ft., with two- and three-bedroom layouts designed for diverse urban lifestyles and expected to be completed by the end of 2026. The project is connected to public transport and major highways. The developer has also invested RM25 million to develop a dedicated road linking the development to the Federal Highway and the New Pantai Expressway, which is expected to be completed alongside the project. Connectivity will be further enhanced by a 300m pedestrian walkway to the Angkasapuri KTM Station and proximity to the planned Pantai Permai MRT3 Station, approximately 1km away.

Malton is also preparing to launch Mutiara Lake Puchong, a 35-storey lakeside condominium in Puchong offering 526 units between 1,022 and 1,345 sq ft, with a projected gross development value of RM400 million. The new project is set to launch in the 3Q25 and is located about 1km from the Pusat Bandar Puchong LRT station.

 


 

EUPE TOPS OUT 99%-SOLD EST8 @ SEPUTEH

The Edge, 22/08/2025     

EUPE Corp Bhd announced that its Est8 @ Seputeh, a serviced residential development with a gross development value of RM658 million that is located in Kuala Lumpur, is 99% sold and the project is on track for completion in May 2026.  Spanning 2.9 acres, Est8 @ Seputeh consists of 821 units spread across three 42-storey towers, with the units primarily being duplex units or villas. Duplex units have built-up sizes ranging from 753 to 1,947 sq. ft., while the villas have built-up sizes ranging from 543 to 1,175 sq. ft. The selling price starts from RM850 psf. The facilities in Est8 @ Seputeh include a business centre, a 50-metre pool and five gardens. The development also incorporates multiple green features like passive cooling systems that reduce reliance on air-conditioning, green atriums, solar panels, community herb gardens and cross-ventilated layouts.

The group is also working on the next residential project called Circadia @ Belfield in Kuala Lumpur, which is set to be launched in 2026.

 


 

TITIJAYA LAND PARTNERS MINES HEIGHTS FOR RM554.30 MILLION PROJECT IN CHERAS

The Edge, 21/08/2025

 

Titijaya Land Bhd, via its wholly owned subsidiary, Titijaya Development (Pulau Pinang) Sdn Bhd, has signed a joint venture agreement with Mines Heights Development Sdn Bhd to develop a 3-acre parcel of land in Taman Connaught, Cheras, into a transit-oriented development (TOD). The land is owned by Mines Heights Development and the TOD is expected to have a gross development value (GDV) of RM554.3 million. The project will be located near the Taman Connaught MRT station.

 


 

TURIYA PROPERTIES TO BUY VACANT WISMA SENTRAL INAI FOR RM135 MILLION

The Edge, 16/08/2025.

Turiya Bhd’s unit plans to acquire the 12-storey Wisma Sentral Inai in Kuala Lumpur for RM135 million through a cash injection from its executive chairman. Turiya denoted it is buying the 31-year-old office building from Sentral Real Estate Investment Trust (REIT) to boost revenue, quickly attract tenants, and diversify income away from its semiconductor business. Wisma Sentral Inai, which has been vacant since July 2022, is generally in good condition. However, Turiya plans to spend RM3.5–RM4 million on repairs within six months of acquisition, funded through internal funds and/or borrowings. 

 


 

NEGERI SEMBILAN TO DEVELOP COUNTRY’S FIRST AI-POWERED HALAL HUB

The Edge, NST & The Star, 19/08/2025

Negeri Sembilan is set to become the first state in Malaysia to establish a halal hub powered by artificial intelligence (AI). A RM400 million regional halal distribution centre (RHDC) will be developed on a 13.4 acres site in Bandar Enstek, with construction scheduled to begin in September 2025. The centre will be built and equipped with automation, AI and smart management systems to maximise operational efficiency and effectively control costs.  The adoption of advanced technologies will make RHDC a centre that meets customer demand more effectively. An agreement between the Negeri Sembilan State Development Corporation (PKNNS) and cold chain logistics and software development company Gobuilders Netsoft Sdn Bhd was signed on 18th August 2025.

 


 

KPS CONSORTIUM ACQUIRES PULAU INDAH INDUSTRIAL LAND, FACTORY FOR RM30 MILLION

The Edge & The Star, 20/08/2025

KPS Consortium Bhd, a manufacturer of tissue-related products, is acquiring a 4.04-acre industrial land with a factory in Pulau Indah, Klang, for its own use. The land, which includes a single-storey factory, is being purchased for RM30 million, translating to about RM170 per sq. ft. The transaction is being executed via its wholly owned subsidiary, KPS Plywood Sdn Bhd, which is involved in the trading of plywood, cement, timber products and investment holding. The vendor, Pelangi Technowood Sdn Bhd, is wholly owned by Low Peng Sian @ Chua Peng Sian.

 


 

PANTECH GLOBAL TO ACQUIRE KLANG LAND FOR RM29 MILLION

The Edge, 16/08/2025

Pantech Global Bhd has bought a parcel of industrial land in Klang, Selangor, for RM29 million in a bid to fast-track its expansion plans, while scrapping its earlier land acquisition earmarked under its initial public offering (IPO) exercise. The proposed acquisition will be undertaken by its wholly owned subsidiary Pantech Steel Industries Sdn Bhd from Uptown Promenade Sdn Bhd, a unit of Rhong Khen International Bhd. The freehold site measures approximately 4.84 acres and carries an industrial title. Pantech Global added that the site, dubbed “Klang Factory 2”, will serve as its new corporate headquarters, production facility and warehouse by 2028. The expansion is aimed at broadening the range of carbon steel butt weld pipe fittings in terms of nominal pipe size, wall thickness and material grade beyond the currently produced at its existing Selangor plant.

 


 

MILESTONES GROUP LAUNCHES INDUSTRIAL PROJECT IN KLANG, RECORDS 50% BOOKED FOR PHASE 1

The Edge, 20/08/2025

Milestones Group, a property developer and design-and-build contracting business, has officially launched LINX Avenue at Kapar, Klang on 15th August 2025. The boutique industrial development has already secured 50% booking rate for Phase 1.  The 32 acre freehold development is located along Jalan Bukit Kapar. With earthworks and the sales gallery recently completed, construction of Phase 1 is scheduled to begin by 4Q25 and slated for completion in 2028.  The development will comprise 42 industrial factory units across two phases. Phase 1 offers modern three-storey units ranging from 12,120 sq. ft. and 14,775 sq. ft., with land sizes from 14,875 sq. ft. to 17,500 sq. ft. LINX Avenue will incorporate solar panels, EV charging facilities, and design specifications aimed at achieving GreenRE Bronze certification. The project also introduces an on-site Centralised Living Quarters (CLQ) to address worker accommodation and transport needs within the industrial park.

 


 

LBS, KLM LAND LAUNCH PHASE 3 OF ALAM PERDANA INDUSTRIAL PARK IN PUNCAK ALAM

The Edge, 20/08/2025

LBS Bina Group Bhd and KLM Land Sdn Bhd jointly launched Phase 3 of Alam Perdana Industrial Park located at Puncak Alam, Selangor on 16th August 2025. Comprising terrace, semi-detached and detached factories, Alam Perdana Industrial Park has a gross development value of RM1.08 billion. The first two phases consist of 212 units and achieved a sales rate of 73% since the official launch in April 2024. Phase 3 features 19 build-to-suit industrial units with structure built-ups ranging from 14,114 to 73,437 sq. ft. and land sizes from 27,051 to 106,374 sq. ft. (or 0.6 to 2.4 acres). The selling price starts from RM11.3 million. Some of the special features are 12m ceiling heights, floor loading of three tonnes per sq. m. and layouts configurable for optimised logistics and storage.

 


 

HEXTAR TECHNOLOGIES CANCELS RM31 MILLION NILAI LAND SALE TO WIDAD; PARTIES TO REASSESS TERMS UNDER NEW DEAL

The Edge & The Star, 22/08/2025

Hextar Technologies Solutions Bhd has terminated its proposed sale of four adjoining parcels of vacant freehold industrial land in Nilai Industrial Estate, Negeri Sembilan, to Widad Development (Nilai) Sdn Bhd for RM31 million as both parties are reassessing terms for a potential a new deal. The deal, which was to be settled via share issuance by Widad Group Bhd, has been called off following a mutual reassessment. The termination was prompted by recent economic developments that led both parties to re-evaluate the transaction and reidentify the parcels of land intended for sale. The decision was reached amicably, with no admission of fault or liability by either party. Both parties have agreed to pursue a revised sale and purchase agreement for the newly identified land parcels, subject to mutual consent on updated terms.

 


 

S P SETIA COLLABORATES WITH TAIWAN’S ALLY LOGISTIC PROPERTY TO DEVELOP SMART WAREHOUSE CAMPUS IN KLANG

The Edge, 22/08/2025

S P Setia Bhd has signed a partnership with Taiwan-based Ally Logistic Property Co Ltd (ALP) to develop a build-to-lease warehouse on a 42-acre plot at Setia Alaman, Klang. Located just 5km from the group’s township development, Bandar Setia Alam, Setia Alaman Industrial Park forms part of Setia’s eco-industrial site masterplan, which has an estimated gross development value of up to RM4 billion. The development will feature two smart warehouses equipped with AS/RS systems, one for advanced cold chain logistics and the other for high-efficiency ambient storage, providing approximately 1.5 million sq. ft. in floor area and offering capacity for 150,000 pallet locations. ALP is Taiwan’s largest warehousing infrastructure developer. It specialises in automated warehouses and system integration, supporting top-tier clients in e-commerce, FMCG, and 3PLs in their operations and transition to automation. This project is anticipated to attract regional and international tenants involved in industrial technology and logistics, thereby enhancing Setia Alaman’s appeal as a strategic business hub.

 


 

SILVER RIDGE’S CYBERJAYA DATA CENTRE PROJECT FALLS THROUGH AS PKNS UNIT EXITS JV

The Edge, 21/08/2025  

KUALA LUMPUR: Telecommunications services provider Silver Ridge Holdings Bhd’s plan to build six data centres in Cyberjaya has collapsed after its joint venture partner, Selangor Industrial Corporation Sdn Bhd (SIC), a Perbadanan Kemajuan Negeri Selangor (PKNS) unit, withdrew from the deal. The project was to be developed on an eight-acre site in Cyberjaya owned by PKNS. Silver Ridge’s unit SR Total Digital Sdn Bhd, received notice of SIC’s withdrawal from the joint venture. SIC pulled out, saying it couldn’t get the required lease approvals, board resolution, or power of attorney from PKNS for the eight-acre land. The Cyberjaya data centre project was first announced in March 2024, when SR Total entered into a JV agreement with SIC to establish three JV companies. Under the plan, SR Total was to hold an 80% stake, while SIC would hold the remaining 20% in the companies. Under the agreement, SIC’s role was to secure PKNS’ approval for the project and a limited power of attorney for the land to allow submission of the development order for the first data centre. SIC also was to secure a lease of at least 60 years from PKNS and sub-lease it to the JV companies. SR Total was to build, operate and maintain the data centre campuses.

 


 

BINASTRA CORP SECURES RM132 MILLION PILING JOB IN JOHOR BAHRU

The Edge & The Star, 22/08/2025

Builder Binastra Corp Bhd has secured a RM132 million contract from Exsim Lumba Kuda Sdn Bhd to carry out piling works for a new 63-storey serviced apartment project in Johor Bahru. Binastra’s wholly owned subsidiary Binastra Builders Sdn Bhd has accepted the letter of award for the piling works from Exsim on the Causewayz Square @ JBCC development, comprising 4,525 units across four residential towers. Construction is slated to begin on 2nd September 2025, with completion expected within 16 months. 

 


 

ASTAKA UNVEILS RM1.2 BILLION MIXED-USE DEVELOPMENT IN ONE BUKIT SENYUM IN JB

The Edge, 20/08/2025

Astaka Holdings Ltd has unveiled Phase 3B of its RM3.6 billion gross development value (GDV) integrated project One Bukit Senyum in Johor Bahru on 19th August 2025. The new phase consists of a mixed-use development with a GDV of RM1.2 billion. Phase 3B comprises a retail mall with 300,000 sq. ft. net lettable area, a five-star hotel with 250 rooms and branded residential with 300 units. Meanwhile, Phase 3A, which was launched in March 2025, features a high-rise residential called Arden @ One Bukit Senyum. It has achieved a sales rate of 80% since the launch. The Johor-based property developer also signed a strategic retail advisory partnership agreement with CapitaLand Investment Ltd (CLI) for Phase 3B’s retail mall planning and operations. The signing ceremony was witnessed by Johor Menteri Besar. 

First unveiled in 2014, the 11.85-acre, freehold One Bukit Senyum is located within the JS-SEZ and 800m from the Johor CIQ complex and 600m from the upcoming RTS Link. Phase 1 of One Bukit Senyum, the 1,020 ft The Astaka, was completed in 2018 and has reshaped Johor Bahru's skyline as Southeast Asia's tallest residential skyscraper. Phase 2 features a 15-storey Grade A office tower called Menara MBJB, the administrative headquarters of Johor Bahru’s City Council. The building was completed and handed over to its occupant in January 2020. The developer is currently working on Phase 3C, consisting of a sales gallery and international F&B hub, with construction to begin at a later date.

 


 

MB WORLD LAUNCHES RM2 BILLION HEAVY INDUSTRIAL TOWNSHIP IN FOREST CITY SFZ

The Edge, 21/08/2025 & The Star

MB World Group Bhd has launched its 732-acre MBW Innexus Industrial City development in Tanjung Langsat, Johor Bahru, Johor. MB World’s subsidiary, Rising Gateway Sdn Bhd, will develop a freehold heavy industrial project in the Forest City Special Financial Zone (SFZ), part of the Johor–Singapore Special Economic Zone (JS-SEZ), with a gross development value (GDV) of RM2.03 billion.  MBW Innexus is located 6km from Tanjung Langsat Port and 14km from Johor Port, with access to Senai International Airport and Singapore’s Changi Airport. Rising Gateway has inked a bilateral financing agreement with Maybank Islamic Bhd, worth up to RM635.6 million to support the project. Phase 1 of the project, covering 13 industrial plots, is slated for completion by 2Q27. 

 


 

JCORP SELLS THE PUTERI PACIFIC HOTEL

The Edge, 18/08/2025

Johor’s state-owned investment arm Johor Corporation (JCorp) is believed to be finally disposing of The Puteri Pacific Hotel in Johor Bahru. According to sources, the 20-storey hotel, which ceased operations during the Covid-19 pandemic in 2020, has been sold to a company linked to property tycoon Tan Sri Desmond Lim, who controls companies such as Malton Bhd, Pavilion Real Estate Investment Trust and WCT Holdings Bhd. Sources tell The Edge that the hotel’s current value would be closer to RM100 million. The four-star hotel has 424 rooms and sits on 1.87 acres of freehold land. It also comes with 200 covered parking bays. The hotel, known as Pan Pacific Johor Bahru until 2005, is situated next to the Persada Johor International Convention Centre, which is also owned by JCorp.

 


 

IJM CORP UNIT SECURES RM1.4 BILLION DATA CENTRE PROJECT IN JOHOR

The Edge, 16/08/2025

IJM Corporation Bhd, via its wholly owned subsidiary IJM Construction Sdn Bhd, has secured a RM1.4 billion contract to build a large-scale data centre in Johor Bahru, its biggest data centre project to date. The fast-track contract involves constructing a six-storey data centre with integrated office facilities, as well as a refuse and recycling facility.  With a gross floor area of about 667,363 sq. ft, IJM Construction will undertake the full civil and structural works using a pre-cast system including columns, beams and hollow-core slabs complemented by steel structures for mechanical and electrical (M&E) plant installations. The project, scheduled for completion in September 2026, carries a 13-month delivery timeline.

 


 

PENANG’S SEAFRONT GETS STYLISH NEW LANDMARK

The Star, 16/08/2025

In April 2026, Penang Island will be celebrated as a lifestyle capital with the launch of The Waterfront Shoppes, the latest phase of THE LIGHT Waterfront Penang in Gelugor. The 1.5 million sq. ft. retail destination designed as a lifestyle landmark will be offering up a curated mix of fashion boutiques, artisanal cafes, flagship stores and immersive attractions. The retail centre has been envisioned as a vibrant, all-day destination for locals and tourists alike, where every visit promises discovery and delight. The Penang Waterfront Convention Centre (PWCC), scheduled to open this October 2025, is a 76,000 sq. ft. column-free exhibition hall, which is the largest in the northern region. The PWCC can host up to 5,500 guests and is set to become the Pearl of the Orient’s premier venue for international events, banquets and MICE (Meetings, Incentives, Conventions and Exhibitions) conventions.

PWCC, managed by KinMalaysia Management Sdn Bhd, the Malaysian subsidiary of South Korea’s KINTEX (Korea International Exhibition Center), is already 70% booked for October 2025. PWCC is seamlessly integrated into THE LIGHT ecosystem, offering direct access to hotels, shopping and dining options, all within walking distance. The integrated development comprises of two international hotels located in The Light Exchange, which will also have offices, that is expected to operate in April 2026. The 156-room JdV by Hyatt will offer a vibrant, design-forward escape, while the 303-room Galaxy Minyoun Hotel is crafted for those seeking sophisticated comfort and panoramic sea views under one roof. 

Merione, a 39-storey tower, on 1.88 acres of prime waterfront land will integrate 32 retail units, 72 shop or office units, 93 business suites and 145 premium residences in three layouts of 1,050 and 1,197 sq. ft, is scheduled for a preview at the end of August 2025  The facilities planned for the development include an infinity pool, gym, steam rooms, BBQ pavilions, a pickleball court and children’s playground, the first of its kind in Penang where commercial and residential spaces coexist in such harmony. The full 152 acres development is being completed in phases, with Phase 1 comprising The Light Linear, The Light Point and The Light Collection, already fully sold and occupied.

Phase 2, a 103 acres expansion, is now underway and will be progressively completed by 2033. Key milestones ahead include Mezzo (3Q25), Lin Xiang Xiong Art Gallery (4Q25), Lightwater Residences (2029), The Waterfront Shoppes (2Q26) and Merione. Located just a stone’s throw from Penang Bridge and directly linked to the future Penang Waterfront Station on the Mutiara Light Rapid Transit (LRT) line, the development ensures seamless connectivity to the airport, ferry terminal, Bayan Lepas FTZ and the rest of the island. There will also be covered walkway from the LRT station to The Waterfront Shoppes, and with top schools, malls and hospitals within minutes, THE LIGHT Waterfront Penang is set to become the most connected and complete township on Penang’s eastern corridor. A 750m waterfront promenade links the residential, retail and leisure zones, encouraging walking and outdoor activities. 

 


 

UMC DOUBLES PRODUCTION CAPACITY WITH BATU KAWAN FACTORY EXPANSION

The Edge & NST, 19/08/2025

UMediC Group Bhd (UMC) has increased its manufacturing capacity by doubling it with the unveiling of its expansion at Batu Kawan Industrial Park, Penang. In a joint statement, the Malaysian Investment Development Authority (MIDA) and UMC said the new facility, unveiled on 15th August 2025, adds 20,000 sq. ft. of production space to UMC's existing 30,000-sq. ft. operation. The expansion includes three major components, namely UMC Healthcare Centre, Rescue Medic Ambulance Services and UMC Learning Centre, and this growth represents a major commitment to Malaysia's healthcare future. UMC has evolved from a medical device manufacturer into an integrated healthcare provider by leveraging advanced technology, digital tools, and research and development (R&D). Additionally, the establishment of training centres and ambulance services enhances its market position while contributing to the improvement of Malaysia's healthcare industry.

 


 

ECM LIBRA SUBSIDIARY TO DISPOSE OF TUNE HOTEL IN PENANG FOR RM51.89 MILLION

The Edge, 19/08/2025      

ECM Libra Group Bhd entered into an agreement to dispose of the 11-storey Tune Hotel in George Town, Penang, together with adjoining freehold land, for a total cash consideration of RM51.89 million. The company’s wholly owned subsidiary, ECML Hotels Sdn Bhd, executed a conditional sale and purchase agreement with Wealthpro Holdings Sdn Bhd for the disposal of the 258-room hotel. The property occupies 22,098 sq. ft. of land and was originally acquired in 2018 for RM21 million.

 


 

PAN BORNEO HIGHWAY PROJECT ON TRACK DESPITE DELAYS AT SIPITANG STRETCH

NST & The Edge, 19/08/2025

The Works Ministry has assured that the Pan Borneo Highway project in Sabah is on track despite delays in two key stretches within the Sipitang constituency. The 706km project was divided into 35 work packages, with WP01 covering Sindumin to Melalia (28.5km) and WP02 from Melalia to Beaufort (34.7km). The scope includes widening the road from two lanes to four, constructing new bridges, upgrading drainage, and improving road safety.