Property & Real Estate news in Ara Damansara Selangor

1. EI Power buys Shah Alam factory for RM17.2mil using IPO funds

   6 hours ago New Straits Times Shah Alam, Selangor 8.2 km

   EI Power Bhd's subsidiary is acquiring a freehold factory in Shah Alam for RM17.2 million. The purchase will be funded mainly by proceeds from its IPO, with the deal expected to complete within three months.

2. Chin Hin Property enters industrial segment with RM449m Kota Damansara hub

   6 hours ago The Sun - Business Kota Damansara, Selangor 4.7 km

   Chin Hin Group Property Bhd has entered the industrial property development segment with The NeX, an integrated industrial-commercial hub in Kota Damansara with an estimated GDV of RM449.4 million. The project follows shareholders' approval of the group's RM66 million acquisition of a 16,222 square metre leasehold industrial site. The development is expected to be completed by 2029.

3. Kwasa Land seeks approval to turn 60 acres of commercial land in Kwasa Damansara into homes

   1 day ago The Edge Malaysia Kwasa Damansara, Petaling Jaya, Selangor 4.6 km

   Kwasa Land, an EPF subsidiary, plans to convert about 60 acres, or 13%, of commercial land in Kwasa Damansara into residential plots, pending local authority approval. The move aims to rebalance the township's master plan after market studies showed the commercial component was too high. The township targets over 60,000 residents in five years and 100,000 by 2050.