5)Crescendo corporation bhd [ CRESNDO (6718) ] 上市公司2025年q2推出的公寓
6) Maxim Global Berhad (4022.KL)'s 51%-owned unit to buy land near Bukit Chagar from S P Setia for RM167m cash
Taman Maju Jaya報館街那裡。。。。
March 25, 2024
The vendor of the 26,329 sq m＊＊＊＊（ 6.5 acres ) freehold land＊＊＊＊＊＊ in Taman Maju Jaya is Pelangi Sdn Bhd, a wholly owned subsidiary of I&P Group Sdn Bhd, which in turn is fully owned by S P Setia Bhd, the filing said.
MPSB has inked a conditional sale and purchase agreement with Pelangi for the land purchase, which will be financed by a combination of bank borrowings and internally generated funds, Maxim said in the filing.
Alliance Gloss Sdn Bhd is the other shareholder of MPSB holding the remaining 49% stake.
The property developer said the land acquisition, which is expected to be completed by the second half of this year, is set to provide the group with a potential income from the development of the tract.
“The board opines that the proposed acquisition will enable the group to supplement its existing land bank at strategic locations outside of Kuala Lumpur and Selangor, which may allow the group to further strengthen its foothold in the property development business and benefit from potential capital appreciation,” Maxim said.
MB World, Greenland to develop Danga Bay project
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MB World, Greenland to develop Danga Bay project
30 NOVEMBER 2023
JOHOR BARU: MB World Group Bhd’s wholly-owned subsidiary, MB World Properties Sdn Bhd, had signed a development rights agreement (DRA) with Danga Jed Development Malaysia Sdn Bhd, a unit of global Fortune 500 company
0337.HK
Greenland Hong Kong Holdings Ltd
, to undertake a mixed development project in Danga Bay here.
Under this agreement, Danga Jed Development will provide MB World development rights to the land.
MB World, a homegrown property developer here, will use its expertise and experience in the local property market to revive the project.
The mixed development spanning three parcels of lands measuring
6.88 hectares
will offer 2,930 serviced apartments and eight townhouses.
It will be developed in three phases and has an estimated gross development value (GDV) of RM2.4bil.
The project will be funded internally and partly with bank financing.
The first phase totalling 2,003 units and RM1.35bil GDV is expected to be launched in the first quarter of 2024 and
is slated to be completed in 3 years.
The project is at a strategic location along Danga Bay, with easy access to a wide variety of popular destinations and transport hubs including the Johor Baru CIQ Complex, Johor Baru Sentral and the future Bukit Chagar RTS Link station.
“With its prime location along Danga Bay and close proximity to the heart of the city, the project is set to change the city skyline and bring new life to the seafront neighbourhood.
“The DRA signing will not only provide development rights to the land and bring earnings visibility to the company. It will also help to expand the company’s footprint in the city centre,” said MB World executive director Cindi Sim.
&&&&&&&&&&&&
Another major ongoing project by the company in the city centre is the MBW City development, comprising
Veranda Residences,
Trellis Residences and
Avenue Residences
with a combined GDV of RM2.2bil.
Veranda Residences (phase one) with a total 649 units and an estimated GDV of RM308mil has been fully sold and is expected to obtain the certificate of completion and compliance by the end of this year.
Trellis Residences offering 1,302 units with an estimated GDV of RM581mil is 90% sold.
Avenue Residences has a total of 1,796 units and an estimated GDV of RM956mil. 51% of the non-bumiputra lots have been booked during its current soft launch period. The last phase of MBW City, the Veranda Residences (phase two) with a total 649 units and an estimated GDV of RM369mil, is expected to be launched in 2025.
“We are excited with the performance of MBW City and would like to thank RHB Bank that shared the same vision with us and financed the project since we acquired the development land in 2019.
“The bank has stepped up to finance our Pandan Heights project in Pandan City of Johor Baru.
“The project offers 1,012 units and has an estimated GDV of RM490mil. To date, 56% of the non-bumiputra units have been sold since it opened for sale in August,” Sim added.
MB World’s recent projects in Johor Baru also included Sierra Heights, Meldrum Heights, Aliff Heights and Idaman Heights totalling 2,525 units with a combined GDV of RM1.2bil.
“Backed by the support and confidence of all end-financing banks, these projects have been well-received and achieved a high take-up rate.
“This has also proven the potential of the Johor Baru property market, catalysed by the development of Johor Baru-Singapore Rapid Transit System or RTS link,” Sim explained.
5)Crescendo corporation bhd [ CRESNDO (6718) ] 上市公司2025年q2推出的公寓
6) Maxim Global Berhad (4022.KL)'s 51%-owned unit to buy land near Bukit Chagar from S P Setia for RM167m cash
Taman Maju Jaya報館街那裡。。。。
March 25, 2024
The vendor of the 26,329 sq m＊＊＊＊（ 6.5 acres ) freehold land＊＊＊＊＊＊ in Taman Maju Jaya is Pelangi Sdn Bhd, a wholly owned subsidiary of I&P Group Sdn Bhd, which in turn is fully owned by S P Setia Bhd, the filing said.
MPSB has inked a conditional sale and purchase agreement with Pelangi for the land purchase, which will be financed by a combination of bank borrowings and internally generated funds, Maxim said in the filing.
Alliance Gloss Sdn Bhd is the other shareholder of MPSB holding the remaining 49% stake.
The property developer said the land acquisition, which is expected to be completed by the second half of this year, is set to provide the group with a potential income from the development of the tract.
“The board opines that the proposed acquisition will enable the group to supplement its existing land bank at strategic locations outside of Kuala Lumpur and Selangor, which may allow the group to further strengthen its foothold in the property development business and benefit from potential capital appreciation,” Maxim said.
Johor’s retail market has achieved
sustained growth in the first nine months
of 2024 compared to the same period in
2023. Volume of transactions rose 10.7%
whilst value of transactions went up by
28.8%. Although the value of transactions
exceeded RM3 billion for the first time, the
annual growth rate could not match last
year’s pace of 30.2% and 40.2% in volume
and value of transactions respectively.
Like the commercial office sub-sector,
performance of Johor’s retail market in
2024 is also supported by the resurgence
of activities in 3Q 2024 with 18.7% and
26.5% increases in the volume and value
of transactions respectively.
Statistics for the retail sub-sector in this
report comprises the pre-war shops, multi-
storey shops of 1 to 6.5 storeys high, shop
units/retail lots and shopping complexes.
Based on activities on the ground and
reflected by NAPIC’s data, Johor’s retail
market showed signs of recovery in the
period under review with Johor Bahru’s
larger malls experiencing thriving business
owing to the comprehensive experiential
factor to attract a broader range of visitors.
Smaller malls on the other hand were
more focused on meeting the adjacent
community’s needs and convenience.
Footfall on the whole was spurred
by growing tourism and the state’s
economic strength with retailers across
the board adapting digital innovations
and sustainability efforts to improve their
appeal. Like the commercial offices, malls
that are older and smaller struggled with
lower footfalls and difficulties in attracting
quality tenants.
While no new malls were completed in
2024, Larkin Junction opened its doors for
business as a new neighbourhood retail
centre designed to meet the needs of
local consumers in Johor Bahru.
Just like last year, more grocery and
sundry-oriented retail outlets or malls are
expected to continue making their way
to Johor Bahru’s retail market including
setting up shops within shopping malls.
This includes brands like Maslee Express,
Hwa Tai Supermart, Target Supermarket,
Speed Mart 99, Jaya Grocer etc.
Amidst the rising occupancy rat
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