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Building costs rise in December 2025 on higher cement, sand—DOSM

Building costs rise in December 2025 on higher cement, sand—DOSM

news

Updated:
  • Building costs in Malaysia rose in December 2025, driven by cement and sand price increases.
  • The unit price index of cement increased by between 1.2% and 3.2% from the previous month, DOSM said.
  • The unit price index of steel slipped slightly, declining by between 0.1% and 1.0% on a monthly basis.
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Paragon Globe, GSP Automotive partner to develop RM1.5 billion AutoPark in Iskandar Puteri

Paragon Globe, GSP Automotive partner to develop RM1.5 billion AutoPark in Iskandar Puteri

news

Updated:
  • Paragon Globe Bhd is shifting from residential development to an industrial ecosystem.
  • The 47-acre AutoPark project in Johor aims to create a structured automotive supply chain.
  • This strategic move reflects a broader trend in Malaysian property, focusing on ecosystem orchestration.
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Paramount converts Sinaran Residences and Sinaran Avenue in Utropolis Batu Kawan to freehold tenure

Paramount converts Sinaran Residences and Sinaran Avenue in Utropolis Batu Kawan to freehold tenure

news

Updated:
  • Paramount Property has converted Sinaran Residences and Sinaran Avenue from leasehold to freehold.
  • This change benefits 980 purchasers, with freehold titles issued to 964 and 16 buyers respectively.
  • The initiative enhances property value and ownership security, removing lease expiry concerns!
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Sunway, Equalbase open 103° free commercial zone in Johor as operations commence

Sunway, Equalbase open 103° free commercial zone in Johor as operations commence

news

Updated:
  • Sunway Group and Equalbase have launched 103°, a 55-hectare free commercial zone in Johor.
  • This zone features two completed warehouses and aims to enhance the Johor-Singapore growth corridor.
  • Future phases will expand the area to over six million sq ft of industrial real estate by 2028!
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KPKT proposes Malaysia–Cambridge platform to anchor urban policy, affordable housing targets

KPKT proposes Malaysia–Cambridge platform to anchor urban policy, affordable housing targets

news

Updated:
  • KPKT proposes a Malaysia–Cambridge Urban Platform for urban planning collaboration.
  • The initiative aims to enhance housing policy and align with the MADANI framework and SDGs.
  • Announcement underscores a policy-driven approach to addressing structural imbalances in the housing market.
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Shah Alam JV collapse: Magna Prima’s RM45 mil outlay marks reversal of RM160 mil deleveraging plan

Shah Alam JV collapse: Magna Prima’s RM45 mil outlay marks reversal of RM160 mil deleveraging plan

news

Updated:
  • Magna Prima Bhd is investing RM45 million to regain control of a 20-acre Shah Alam parcel after a JV collapse.
  • Original plan aimed for RM160 million in proceeds but left the site undeveloped, prompting OCR Group's exit.
  • Shift highlights diverging strategies, with Magna focusing on asset control while OCR prioritises liquidity.
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EPF to reject Sunway’s offer for its IJM shares, sources say

EPF to reject Sunway’s offer for its IJM shares, sources say

news

Updated:
  • The Employees Provident Fund has decided to reject Sunway Bhd's offer for its shares in IJM Corporation.
  • EPF decided to turn it down on the grounds that the price did not reflect the intrinsic value of IJM.
  • EPF will be the second govt-linked investment fund that rejects Sunway's takeover offer for IJM, after PNB.
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EPF abstained from voting on Sunway's takeover offer for IJM

EPF abstained from voting on Sunway's takeover offer for IJM

news

Updated:
  • The Employees Provident Fund (EPF) abstained from voting on Sunway Bhd's takeover offer for IJM Corp.
  • Sunway's offer of RM3.15 per share was deemed unfair by M&A Securities, suggesting a significant discount.
  • IJM shares rose 5.06% to RM2.49, while Sunway's shares increased by 1.53% to RM5.31.
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Sunway says MACC has cleared it of wrongdoing in IJM takeover deal

Sunway says MACC has cleared it of wrongdoing in IJM takeover deal

news

Updated:
  • Sunway Bhd has been cleared by the MACC regarding its takeover offer for IJM Corporation Bhd.
  • Founder Tan Sri Dr Jeffrey Cheah announced the clearance, assuring shareholders of the deal's merits.
  • The MACC's investigation focused on potential corruption and governance violations linked to the acquisition.
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Tan Chong completes RM148.8m Jalan Putra land disposal in Kuala Lumpur

Tan Chong completes RM148.8m Jalan Putra land disposal in Kuala Lumpur

news

Updated:
  • Tan Chong Motor has completed the RM148.8 million sale of nine land plots, strengthening its liquidity.
  • The buyer was Solid Interest Sdn Bhd (a subsidiary under the Avaland Holdings umbrella).
  • Consolidated site may offer flexibility for future higher-density development given its location and scale.
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Building costs rise in December 2025 on higher cement, sand—DOSM