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Category: Press Releases (developers and more)

Press Releases (developers and more)

Sunway Property Acquires 245 Acres Of Prime Freehold Industrial Land In Kuang, Rawang

Sunway City Kuala Lumpur, Aug 3 ~  Sunway Berhad’s (Sunway Berhad 5211) property arm, Sunway Property, through its wholly-owned subsidiary, Sunway Rawang City Sdn Bhd (“SRCSB”), had signed a Sale and Purchase Agreement (“SPA”) on Aug 2, to acquire a 245-acre parcel of prime freehold land at Kuang, Rawang from Kauthar Equities Sdn Bhd for a purchase consideration of RM115 million.  

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Press Releases (developers and more)

15th National Real Estate Awards (NREA) Soars To New Heights In Recognizing Excellence In The Real Estate Industry

Petaling Jaya, 31 July 2023: The 15th Edition of the National Real Estate Awards (NREA), organized by the Malaysian Institute of Estate Agents (MIEA), has concluded on a high note, with the event witnessing remarkable growth in prestige and recognition. The NREA has seen substantial change throughout the years and is now the most awaited national award for excellent accomplishments in the real estate industry. This year’s event added additional exceptional professionals to its distinguished hall of winners further cemented its stature. A total of 70 award winners were celebrated for their outstanding contributions to the real estate industry, with an additional twelve high achievers bestowed with the highly respected MIEA Million Dollar Achievers (MMDA) award.

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Press Releases (developers and more)

KL Wellness City Proudly Supports the 2023 ZL Cup – 12-Hour Ultramarathon Challenge

[Kuala Lumpur, 24th July 2023] — KL Wellness City is thrilled to announce its enthusiastic support for the highly anticipated sports event of the year, the 2023 ZL Cup – 12-Hour Ultramarathon Challenge (ZL Ultramarathon). The event is jointly organized by PUMM Negeri Sembilan and PUMM Penang, supported by the Malaysian Chamber of Commerce in the Philippines, Formosa Women Organization of Malaysia, and JPWK Padang Lalang.

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Press Releases (developers and more)

Tropicana Aman Celebrates 100% Take-Up For New Business Hub & New Property Gallery

Petaling Jaya (16 July 2023) – Tropicana Aman, the largest 863-acre township by Tropicana Corporation Berhad (“Tropicana”), celebrated 100% take-up for its new business hub, with the proposed name “Umara”. This 13.5-acre business hub in Kota Kemuning will offer 2 and 3-storey shop offices with a gross development value of RM264 mil, featuring built-ups from 3,360 sq ft to 8,133 sq ft, double volume ceilings and dual frontage for selected units. The 100 units on offer were snapped up before the business hub’s grand launch.

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Press Releases (developers and more)

Nexus Seremban 2: The New Center Of Attraction

Seremban 2 (S2) township, developed by IJM Land, has grown remarkably since 1995 garnering numerous prestigious awards. This growth has led to a surge in demand, not only for residential properties but also for commercial offerings within the self-contained township.  

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Press Releases (developers and more)

Petaling Jaya Gets RM30 Million Public Infrastructure

Petaling Jaya, 6 July – Petaling Jaya Mayor Tuan Mohamad Azhan bin Md Amir, today officiated the opening of the 250-metre-long Sunway Serene bridge, the final milestone in the RM 30 million public upgrading works at Petaling Jaya undertaken by Sunway Property, alongside Sunway Group Founder and Chairman Tan Sri Dato’ Seri Dr. Jeffrey Cheah.

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Press Releases (developers and more)

Press Release: Malton, Alliance Bank MOU to Promote Green-Certified Homeownership

Malton Berhad (Malton or Group) today signed a Memorandum of Understanding (MOU) with Alliance Bank (M) Bhd, in a move that will benefit homebuyers of River Park, a green-certified project. The Green Mortgage Financing Package is the bank’s innovative offering to encourage and support the development of sustainable communities, as outlined in the Government’s 12th Malaysia Plan. The sustainable financing option features lower interest rates and a faster turnaround time for end-financing. The immediate beneficiaries of this collaboration will be the homebuyers of the newly-launched River Park, Bangsar South in Kuala Lumpur.

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Press Releases (developers and more)

Tropicana Redeems RM465.5 Million Islamic Bond and continues to deliver sustainable earnings

Petaling Jaya (3 July 2023) – Property developer Tropicana Corporation Berhad (“Tropicana” or “The Group”) reported that it has redeemed the Sukuk Wakalah Programme tranche of RM465.5 million due on 30 June 2023. This Sukuk Wakalah Programme was part of the RM1.5 billion Islamic Medium Term Notes Programme issued by the Group. The management cited that the Group will continue to deliver sustainable earnings backed by its solid RM2.1 billion unbilled sales, ongoing property sales campaign as well as improved performance from the Group’s property development, property investment, recreation and resort operations.

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Press Releases (developers and more)

GLOMAC FY2023 Group Revenue Increased To RM341.0 Million

Kuala Lumpur, 21 June 2023: For the financial year ended 30 April 2023 (“12M FY2023”), Glomac Berhad (“Glomac” or “the Group”) reported group revenue of RM341.0 million, representing 31 per cent growth compared to RM259.5 million reported in the corresponding period of FY2022. 4Q FY2023 group revenue
jumped 78 per cent year-on-year to RM131.1 million.

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