Resintech buys land in Selangor for RM23.5 mil | The Edge Markets

Resintech Bhd is buying a 9.8-acre piece of freehold land in Telok Panglima Garang, Selangor,

for RM23.53 million to cater to the future expansion of its production and warehouse operations.

The plastics building materials manufacturer denoted that its wholly owned subsidiary Johan

Panglima (M) Sdn Bhd, had signed an agreement with Eiscon Construction Sdn Bhd to acquire

the property, which had been 11.3-acres before a portion of it was surrendered to the relevant

authority as a reserve area for a monsoon drain. The land is located within the same industrial

area where the group’s head office is located.

Resintech buys land in Selangor for RM23.5 mil | The Edge Markets

METROPOLITAN LAKE DEVELOPMENT BEGINS WORK ON KEPONGGI SQUARE - STARPROPERTY

Metropolitan Lake Development (MLD) has kickstarted its maiden project, Keponggi Square,

which is part of the Metropolitan Waterfront Masterplan. Keponggi Square, which has a Gross

Development Value (GDV) of RM220 million, is slated for completion in 1Q23. Located next to

the Kepong Metropolitan Lake, the 6.8-acre commercial shoplot development is poised to be the

next retail hub within the neighbourhood. Embellished by its food and beverage, entertainment,

activity market and place-making open piazza concept, Keponggi Square will house 73 retail

outlets, in which 70% has been sold. The development of Keponggi Square marks the first

phase within the broader 14.6-acre master plan with a GDV of RM750 million, which comprises

an ecosystem of retail and residential components. The next phases of this master plan will

include condominium and affordable housing projects within the parcel.

StarProperty

BREZZA ONE RESIDENCY CONTINUES TO BE HOT SELLER - THE SUN

Brezza One Residency by Setia Awan at Bukit Ampang Permai has seen encouraging sales

rates for its four blocks. Block A and B launched in 4Q19 are fully sold while Block C and D

which were launched in 1Q21 have a sales rate of 60% and 80%, respectively. The 4.56-acre

condominium with a gross development value of RM527 million is slated to be completed in

2Q24 and will have four building blocks housing 660 home units ranging from 1,073 to 1,953 sq.

ft. with selling price from RM654,800.

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LBS Bina unveils Prestige Residence in Seri Kembangan | The Edge Markets

LBS Bina unveils Prestige Residence in Seri Kembangan | The Edge Markets

LBS Bina Group Bhd has launched a serviced apartment project called Prestige Residence in

Seri Kembangan, Selangor on 10th October 2021. The development sits on 8-acres of land,

comprising a total of 1,450 units with an estimated gross development value of RM301 million.

The units will have three types of layouts with built-up ranging from 600 sq. ft. to 850 sq. ft. and

prices starting from RM270,000. The development is equipped with a total of 40 facilities and a

resident-exclusive two-storey clubhouse which has a wide range of activities to choose from that

cultivates healthy family bonding sessions and promotes togetherness within the community.

Dynaciate to acquire 8-acre industrial land in Serendah for RM10 mil | The Edge Markets

Dynaciate Group Bhd is acquiring an 8-acre piece of industrial land in Serendah, Selangor, from

Brem Holdings Bhd for RM10.1 million. The acquisition is in line with its strategy to grow its land

bank at strategic locations for future development into industrial buildings such as warehouses

and factories.

Dynaciate to acquire 8-acre industrial land in Serendah for RM10 mil | The Edge Markets

Federal International sells land, buildings to accelerate push into renewable energy

Federal International Holdings Bhd (FIHB) is disposing of a parcel of leasehold industrial land in

Banting, Selangor to Filtermation (Mfg) Sdn Bhd for RM24.5 million, to venture into the

renewable energy segment. The land is occupied by a single-storey industrial furniture factory

with an annexed double-storey office building and ancillary buildings. The disposal would free up

cash flow to push forward its plan to venture into the renewable energy segment through its

partnership with China’s State Power Investment Corp.

Federal International sells land, buildings to accelerate push into renewable energy

Y&G gets shareholders’ nod for acquisitions

Y&G Corp Bhd will be acquiring nine parcels of freehold land measuring 43.637 acres in Kuala

Selangor for RM14.5 million. The land would enable it to expand its property development

activities and the acquisition was in line with its corporate strategy to focus on integrating

sustainability into its business.

Y&G gets shareholders’ nod for acquisitions