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Sunway makes cash-share offer to take over IJM Corp at RM11 bil

Sunway makes cash-share offer to take over IJM Corp at RM11 bil

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Updated:
  • Sunway Bhd plans to acquire IJM Corp in a cash-and-share deal exceeding RM11 billion.
  • Offer will become valid once Sunway secures more than 50% ownership of IJM and customary closing conditions.
  • If the merger is successful, the combined entity would rival Malaysia's largest construction firm, Gamuda Bhd.
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Property transactions hit RM241.9b in 2025, KPKT outlines reforms to strengthen sector

Property transactions hit RM241.9b in 2025, KPKT outlines reforms to strengthen sector

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Updated:
  • Malaysia's property sector reached RM241.87 billion in transactions in 2025, a decade high!
  • The residential segment grew by 5.9%, indicating strong housing demand and stability.
  • The government is implementing reforms to enhance oversight and ensure quality in the housing market.
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Living in Cheras: A complete property and lifestyle guide

Living in Cheras: A complete property and lifestyle guide

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Updated:
  • Cheras is a well-connected suburb in Kuala Lumpur, offering urban convenience and affordability.
  • It features diverse property types, from serviced apartments to landed homes, appealing to various buyers.
  • Cheras is ideal for families, students, and investors alike.
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Felda, Terengganu govt reach settlement over land dispute

Felda, Terengganu govt reach settlement over land dispute

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Updated:
  • Felda and the Terengganu state government signed a settlement to clarify land ownership in six districts.
  • This agreement aims to enhance economic benefits for the Felda community and strengthen development.
  • The Terengganu government will process Felda's land application to resolve outstanding issues.
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Malaysia stops giving preferential rate for REIT withholding tax

Malaysia stops giving preferential rate for REIT withholding tax

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Updated:
  • Malaysia will end preferential withholding tax rates on REIT dividends starting in 2026.
  • Individual investors will face standard tax rates, while foreign entities will be taxed at 30%.
  • Despite potential sentiment impacts, Maybank IB notes the sector's yield profile remains attractive.
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Binastra's Subang Sentral win within earnings expectations but more to come — analysts

Binastra's Subang Sentral win within earnings expectations but more to come — analysts

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Updated:
  • Binastra Corp Bhd is poised to secure additional phases of its Subang Sentral contract.
  • Analysts highlight strong residential demand in Klang Valley, supporting Binastra's future prospects.
  • The recent RM316.5 million contract boosts its order book to a record RM7.1 billion.
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Wentel Engineering proposes to buy RM29.6m Johor factories from founder

Wentel Engineering proposes to buy RM29.6m Johor factories from founder

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Updated:
  • Wentel Engineering Holdings Bhd plans to acquire two factory units in Johor for RM29.58 million.
  • The acquisition aims to enhance efficiency and meet customer needs for standalone finishing operations.
  • Wentel expects the deal to be finalised by 1Q2029, pending shareholder approval.
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Glomac’s 3Q net profit nearly triples amid increased property development activities

Glomac’s 3Q net profit nearly triples amid increased property development activities

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Updated:
  • Glomac Bhd's net profit surged to RM5.18 million in 3QFY2026, nearly tripling from RM1.95 million.
  • Revenue also nearly doubled to RM64.59 million, driven by strong property development contributions.
  • Group plans to launch new residential phases worth RM256 million, supported by a robust development pipeline.
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Crest Builder wins RM513 mil contracts, lifts order book to all-time high

Crest Builder wins RM513 mil contracts, lifts order book to all-time high

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Updated:
  • Crest Builder Holdings Bhd secured two contracts worth RM513 million, boosting its order book to RM2 billion.
  • The projects include 926 serviced apartments in Subang Jaya and 552 condominiums in Mont'Kiara.
  • These wins enhance the group's 2026 order book and focus on operational efficiency!
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Paramount buys Jln Ampang land for RM257.9m, plans RM1.1b serviced apartment project

Paramount buys Jln Ampang land for RM257.9m, plans RM1.1b serviced apartment project

news

Updated:
  • Paramount Corp Bhd is acquiring 3.7 acres of land in Kuala Lumpur for RM257.9 million.
  • The site will be developed into high-end serviced apartments with a GDV of RM1.1 billion.
  • The project is set to launch by the end of 2026, funded by internal funds and bank borrowings.
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