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Court rules 2019 Sarawak strata law not retrospective, clears The Wharf developer of pre-2022 maintenance charges

Court rules 2019 Sarawak strata law not retrospective, clears The Wharf developer of pre-2022 maintenance charges

news

Updated:
  • Judge Datuk Dean Wayne Daly ruled that The Wharf's joint management body lacks legal standing to sue.
  • The Sarawak Strata Management Ordinance 2019 cannot be applied retrospectively.
  • The Wharf JMB must pay RM5,000 in costs after seeking RM2.4 million in maintenance charges from Unique Harvests.
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Tengku Zafrul: Selangor, Johor lead investment as real estate records RM33.5b

Tengku Zafrul: Selangor, Johor lead investment as real estate records RM33.5b

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Updated:
  • Selangor and Johor led Malaysia's investments in 1H2026, totaling RM129.4 bil.
  • Services and manufacturing were key drivers, with digital investments boosting Selangor.
  • Overall, Malaysia saw RM218.5 bil in approved investments, expected to create 99,030 jobs.
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Ombak KLCC completes the KLCC Precinct; Galeri PETRONAS to open in 4Q2027

Ombak KLCC completes the KLCC Precinct; Galeri PETRONAS to open in 4Q2027

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Updated:
  • Ombak KLCC, the latest component of the KLCC Precinct, is now open.
  • This new mall integrates arts, culture, lifestyle, and leisure.
  • It will feature Galeri PETRONAS, opening in late 2027.
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WCT secures RM600.89m contract for 41-storey office building at TRX

WCT secures RM600.89m contract for 41-storey office building at TRX

news

Updated:
  • WCT Holdings secured a RM600.89 mil contract for a 41-story office building.
  • The project is located at Tun Razak Exchange in Kuala Lumpur.
  • Construction is set to begin on Dec 1, 2026.
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UEM Sunrise appoints industry veteran Azmar Talib as chairman

UEM Sunrise appoints industry veteran Azmar Talib as chairman

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Updated:
  • UEM Sunrise Bhd appointed Datuk Wira Sr Azmar Talib as its new chairman.
  • He brings over 40 years of experience to the role.
  • Azmar succeeds Datuk Hisham Hamdan, who strengthened the company's fundamentals.
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Avaland 2Q net profit rises 41% q-o-q to RM17.1m

Avaland 2Q net profit rises 41% q-o-q to RM17.1m

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Updated:
  • Avaland Bhd's net profit rose 41% to RM17.1 mil in 2QFY2026, with revenue up 17%.
  • New sales increased by 46% to RM222.4 mil, driven by new developments.
  • The company acquired land for a luxury project and plans over RM1 bil in new launches.
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Mah Sing 2Q net profit rises 9.8% as revenue grows 16%

Mah Sing 2Q net profit rises 9.8% as revenue grows 16%

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Updated:
  • Mah Sing Group's 2Q net profit rose 9.8% to RM72.47 mil due to higher property sales.
  • The company achieved RM1.32 bil in property sales for the first half of the year.
  • They also plan new developments and a significant land disposal.
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Tanco slips into 4Q loss despite 19% revenue growth

Tanco slips into 4Q loss despite 19% revenue growth

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Updated:
  • Tanco Holdings Bhd reported a net loss in 4QFY2026 despite higher revenue.
  • The property division's operating loss contributed to this decline.
  • Full-year profit also fell, though revenue increased significantly.
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AME Elite’s 1Q net profit rises 50% on construction growth, property gains

AME Elite’s 1Q net profit rises 50% on construction growth, property gains

news

Updated:
  • AME Elite Consortium's net profit rose 50% in 1QFY2027, driven by construction and investment property gains.
  • Revenue increased 4.4%, despite lower property development contributions.
  • The company expects satisfactory performance, but notes inflationary pressures.
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Sunway 2Q net profit rises 17%; RM9.1b gain lifts 1H earnings

Sunway 2Q net profit rises 17%; RM9.1b gain lifts 1H earnings

news

Updated:
  • Sunway Bhd's 2Q net profit rose 16.7% to RM318.59 mil, driven by strong segment contributions.
  • Revenue increased 13.4% to RM2.91 bil, with property and investment segments performing well.
  • The company declared a three sen dividend and remains optimistic for FY2026 due to diverse growth.
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