Older office buildings in Klang Valley face refurbishment, repurposing in 2026—CBRE

Older office buildings in Klang Valley face refurbishment, repurposing in 2026—CBRE

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Updated:
  • Demand for older offices is declining as tenants prefer modern, energy-efficient spaces.
  • Older buildings are facing refurbishment or repurposing due to weak market conditions.
  • CBRE said competition is set to intensify, further challenging older office stock.
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PNB turns down Sunway's offer for IJM shares

PNB turns down Sunway's offer for IJM shares

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Updated:
  • Permodalan Nasional Bhd (PNB) has rejected Sunway Bhd's voluntary takeover offer for its IJM stake.
  • Decision followed a thorough evaluation, focusing on PNB's fiduciary duty and long-term value considerations.
  • PNB emphasised that IJM's market valuation does not reflect its true value.
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IJM reviewing key businesses, assets after rebuffing Sunway’s offer

IJM reviewing key businesses, assets after rebuffing Sunway’s offer

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Updated:
  • IJM Corporation is reviewing its business strategy, including monetising part of its 3,000-acre land bank.
  • The company aims to focus on smaller projects and has a pipeline of investment properties worth RM5 billion.
  • Key initiatives include rationalising its India portfolio and exploring options for its toll road assets.
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S P Setia launches Raya campaign with incentives of up to RM370,000

S P Setia launches Raya campaign with incentives of up to RM370,000

news

Updated:
  • S P Setia Bhd has launched a Hari Raya Aidilfitri sales campaign with incentives for home buyers.
  • The "Rezeki Bonanza" campaign offers up to RM370,000 in rewards and a RM4,000 bonus for timely bookings.
  • Festive events and a Raya-themed game will enhance engagement at sales galleries across Malaysia.
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KL Fest 2026 set to revive capital’s historic core with 80 events

KL Fest 2026 set to revive capital’s historic core with 80 events

news

Updated:
  • Kuala Lumpur Festival (KL Fest) will run from May 6 to 31, featuring over 80 cultural events.
  • The festival aims to attract 100,000 visitors and boost local businesses through diverse programming.
  • This year's theme, "Memory & Tomorrow", emphasises community engagement and accessibility in the arts.
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Semantan files further discovery application for pre-Merdeka land records, ahead of assessment proceedings

Semantan files further discovery application for pre-Merdeka land records, ahead of assessment proceedings

news

Updated:
  • Semantan Estate has filed for pre-Merdeka land records to aid in compensation assessment proceedings.
  • They seek documents to establish land value and zoning from 1956 for a proper market valuation report.
  • Compensation hearing is set for April 3-10, following a court ruling on land valuation based on 1956 prices.
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IJM says takeover offer reflects low point in earnings while asset value stays high

IJM says takeover offer reflects low point in earnings while asset value stays high

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Updated:
  • IJM Corporation Bhd urges shareholders to reject Sunway Bhd's takeover bid, citing low earnings.
  • IJM plans to unlock value via initiatives like exiting India, potentially listing its construction division.
  • IJM believes these strategies can be executed within two years to enhance shareholder value.
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IJM’s plans to list toll assets offer alternative to Sunway takeover in unlocking value — analysts

IJM’s plans to list toll assets offer alternative to Sunway takeover in unlocking value — analysts

news

Updated:
  • IJM Corp Bhd plans to list parts of its assets, including construction and toll roads, to unlock value.
  • Analysts suggest holding out for a better offer, as proposed floatation could strengthen IJM's balance sheet.
  • Despite a recent drop in share price, 10 out of 14 analysts maintain "buy" recommendations.
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EcoWorld partners JLand Group to develop projects in Johor and Australia

EcoWorld partners JLand Group to develop projects in Johor and Australia

news

Updated:
  • Eco World Development Group and JLand Group are partnering on three projects in Johor and Sydney.
  • They include a residential project in Sydney, a mixed-use project in JB, and an industrial park in Kulai.
  • This collaboration aims to leverage the companies' strengths for long-term growth and socio-economic benefits.
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Sunway REIT to establish RM3b sustainability-linked commercial papers programme

Sunway REIT to establish RM3b sustainability-linked commercial papers programme

news

Updated:
  • Sunway REIT is launching a RM3 billion sustainability-linked commercial papers program.
  • The funds will support working capital, repay borrowings, and finance investments.
  • The SLCPs received a P1(s) rating and are managed by Public Investment Bank Bhd.
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