edgeprop.my

English

Outlet metrics

Domain Authority

Ranking

Global

#86787

Malaysia

#898

Business and Consumer Services/Real Estate

Traffic sources

Monthly visitors

Articles

IOI Properties to take full ownership of Singapore’s South Beach development in RM2.75b deal with CDL

4 days ago | edgeprop.my | Anis Hazim

The group's wholly owned IOI Consolidated (Singapore) Pte Ltd has inked a conditional share sale agreement with Ascent View Holdings Pte Ltd to acquire the stake in Scottsdale Properties Pte Ltd, the holding company of South Beach Consortium Pte Ltd, which owns the development.
IOI Properties suspends trading over reported takeover of South Beach complex from Singapore's CDL

4 days ago | edgeprop.my | Anis Hazim

For IOI Properties, the deal adds another marquee asset to its growing portfolio in Singapore, where it already owns the newly launched IOI Central Boulevard Towers in the central business district and several other high-end residential projects. KUALA LUMPUR (June 4): Trading in IOI Properties Group Bhd’s (KL:IOIPG) shares has been suspended pending an announcement, amid news that the company has agreed to purchase Singapore’s City Developments Ltd (CDL) 50.1% stake in the South Beach complex.
AmanahRaya REIT to buy industrial asset in Selangor for RM39m

1 week ago | edgeprop.my | Anis Hazim

Upon completion, the property will be leased back to the seller, Alpha Express, under a 10-year triple net lease at RM195,000 per month, subject to rent reversion for each renewal term. KUALA LUMPUR (May 29): Amanahraya Real Estate Investment Trust (AmanahRaya REIT) (KL:ARREIT) is acquiring an industrial building, measuring 132,700 sq ft, in Telok Panglima Garang, Selangor for RM39 million.
Vestland secures RM157 mil apartment project in KL

1 week ago | edgeprop.my | Anis Hazim

The contract, which is the first win for the company in 2025, was awarded by Mercu Majuniaga Sdn Bhd. KUALA LUMPUR (May 29): Construction outfit Vestland Bhd (KL:VLB) on Thursday secured a RM156.91 million contract to undertake the construction of a 51-storey serviced apartment block in Kuala Lumpur. The contract, which is the first win for the company in 2025, was awarded by Mercu Majuniaga Sdn Bhd, said Vestland in a bourse filing.
Yong Tai to challenge adjudication decision to pay RM75 mil to Kerjaya Prospek

1 week ago | edgeprop.my | Anis Hazim

Kerjaya Prospek’s wholly owned unit Kerjaya Prospek (M) Sdn Bhd (KPM) in November last year filed the adjudication against Apple 99 for an alleged unpaid contract for a mixed development project in Melaka, known as "The Apple". KUALA LUMPUR (May 28): Property developer Yong Tai Bhd (KL:YONGTAI) is seeking to overturn the RM75.46 million adjudication ruling in favour of Kerjaya Prospek Group Bhd’s (KL:KERJAYA) unit, as it claims that the case falls outside the scope of the Construction Act.
Paradigm REIT sets final IPO price at RM1 amid subdued demand

1 week ago | edgeprop.my | John Lai

Slated for listing on the Main Market on June 10, the IPO does not involve issuance of new units, meaning that the trust itself will not receive any proceeds. KUALA LUMPUR (May 28): Paradigm Real Estate Investment Trust (KL:PARADIGM) on Thursday set the final price for its initial share sale at RM1 apiece as previously indicated amid subdued demand from some investors.
E&O’s 4Q net profit nearly doubles, boosted by JV and tax gains, lower finance costs

1 week ago | edgeprop.my | John Lai

Quarterly revenue in 4QFY2025 nearly doubled to RM236.65 million from RM121.33 million, primarily driven by the disposal of a property in the UK. KUALA LUMPUR (May 28): Eastern & Oriental Bhd (KL:E&O) nearly doubled its net profit for the fourth quarter ended March 31, 2025 (4QFY2025), on profits from its joint ventures, a tax gain and lower finance costs. Net profit for the quarter was RM69.85 million compared with RM36.48 million in the previous year.
Sentral REIT to buy UEM Sunrise’s Mont’Kiara retail assets for RM70m

1 week ago | edgeprop.my | Anis Hazim

The assets are currently fully tenanted with a mix of food and beverages (F&B), lifestyle, health and educational tenants, many of which are under a sales turnover rental model. KUALA LUMPUR (May 27): Sentral REIT (KL:SENTRAL) is acquiring 38 stratified retail units and 1,432 parking bays in the Arcoris Plaza Development in Mont’Kiara, Kuala Lumpur, from UEM Sunrise Bhd (KL:UEMS), for RM70 million cash.
Al-Aqar REIT dragged by loss on disposal in 1Q; Al-Salam REIT sees retail, industrial boost

1 week ago | edgeprop.my | Anis Hazim

Net rental income for the quarter also dropped 3.9% to RM25.03 million from RM26.05 million in 1QFY2024. KUALA LUMPUR (May 26): Al-Aqar Healthcare Real Estate Investment Trust (Al-Aqar REIT) (KL:ALAQAR) reported a 3.7% decline in net income to RM15.80 million for the first quarter ended March 31, 2025 (1QFY2025), compared to RM16.41 million in the same period last year, primarily due to a loss of income from the disposal of the Damai Care & Wellness Centre and higher manager's fees.
Kerjaya Prospek to buy 49% stake in Aspen Vision Land for RM98 mil

1 week ago | edgeprop.my | Anis Hazim

Kerjaya Prospek said the acquisition will be executed by its subsidiary, Kerjaya Prospek Ventures Sdn Bhd (KPV), which has entered into a subscription and shareholders’ agreement (SSA) with three Singapore-listed Aspen (Group) Holdings Ltd’s subsidiaries, namely AVL, Aspen Vision Development Sdn Bhd (AVD) and Aspen Vision All Sdn Bhd (AVA).