KUALA LUMPUR: Avaland Bhd aims to launch three new projects namely Amika Residences, Aetas Seputeh, and Anja Bangi with a total gross domestic value (GDV) of RM1.4bil in the current financial year ending Dec 31, 2024 (FY24).

“We are confident that the new projects will be well accepted by the market considering its strategic location, unique concepts and design for post-pandemic lifestyles,” chief executive officer Apollo Bello Tanco said in a statement.

KUALA LUMPUR: Avaland Bhd posted a jump in net profit to RM17.23mil in the third quarter ended Sept 30, 2023, from a net profit of RM6.17mil in the same quarter last year.

The group's basic earnings per share rose to 1.18 sen from 0.42 sen.

Revenue nearly tripled to RM156.18mil during the quarter from RM56.26mil previously.

The banking giants also offers up to RM54 mil end financing for Alora Residences

FINANCIAL institution AmBank have inked green financing facilities with Avaland – one of Malaysia’s leading property developers, for the first phase of its latest sustainable development, 2Fifth Avenue – a green-inspired masterplan in Subang Jaya.

This strategic partnership underscores AmBank’s unwavering dedication to its environmental

responsibility and the advancement of sustainable communities.

KUALA LUMPUR: MCT Bhd has proposed to acquire three contiguous parcels of freehold residential land totalling 3.9 acres in Taman Desa, Kuala Lumpur for RM64.6mil.

In a statement, the developer said the land is strategically situated at the fringe of Kuala Lumpur’s central business district in a matured and affluent neighbourhood with readily available public amenities and infrastructure with excellent connectivity within the vicinity.

PETALING JAYA: MCT Bhd is acquiring a 1.57-acre freehold plot of residential land at Seputeh, Kuala Lumpur, for RM58mil.

In a statement, MCT said it had entered into an agreement with HPC Development Sdn Bhd for the acquisition, marking the group’s first land deal of 2023.

“The land is strategically situated at the fringe of Kuala Lumpur’s central business district in a matured and affluent neighbourhood with readily available public amenities and infrastructure with excellent connectivity within the vicinity.

KUALA LUMPUR: Philippines-based property developer Ayala Land Inc’s unit Regent Wise Investments Ltd will buy some 230 million shares in Bursa Malaysia-listed property counter MCT Bhd for RM202.5mil cash, or 88 sen per share, upping its current stake in the firm from 32.95% to 50.19%.

Regent Wise will be acquiring the shares from Tan Sri Goh Ming Choon, another major shareholder of the company, the firm said in an announcement to Bursa Malaysia.

MCT BERHAD and SJK (C) Union will be organising a fundraising bazaar on May 21 and 22, from 11am to 4pm, at Lakefront Residence sales gallery in Persiaran Semarak Api, Cyberjaya to raise funds for the school’s construction.

During the two-day event, organisers will also have a pre-registration survey to compile data of new students. It will then be submitted to the state education department to kick-start the new student enrolment in 2018.

Another objective is to raise awareness of the school among those living in Cyberjaya.

KUALA LUMPUR: The acquisition of an additional 17.24% stake in MCT Bhd will allow Ayala Land Inc to harness more growth opportunities in Asean, said the Philippines real-estate developer.

Ayala Land, through its unit Regent Wise Investments Ltd (RWIL), recently signed a share purchase agreement to acquire the additional equity interest in the development and construction firm, bringing its shareholding to 50.19%.

MCT BHD has launched its Cybersouth property gallery, affirming its foray into township development.

Its maiden township, Cybersouth, is strategically located within the Cyberjaya-Putrajaya-KLIA growth corridor.

This new growth corridor is well connected with access to major highways such as Maju Expressway (MEX), SILK Highway, Elite Highway, KLIA Expressway, South Klang Valley Expressway, LDP Highway and Putrajaya-Cyberjaya Expressway.

The area is also serviced by the Express Rail Link (ERL) and the upcoming MRT Line 2.

PETALING JAYA: Property developer MCT Consortium Bhd, which is undertaking a reverse takeover (RTO) of GW Plastics Holdings Bhd, has fixed an offer price of RM1.28 per new placement share post-bookbuilding exercise.

The issue price of RM1.28 per share will raise gross proceeds of RM384mil for the company. The exercise will see the vendors of the RTO, namely, Tan Sri Goh Ming Choon and Datuk Seri Tong Seech Wi, raising RM195mil.

Under the proposal, GW Plastics will be renamed as MCT Bhd today. The suspension on the counter will be lifted on Monday.