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Vestland terminates three Selangor affordable housing contracts worth RM550.7m

Vestland terminates three Selangor affordable housing contracts worth RM550.7m

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Updated:
  • Vestland Bhd will not proceed with three affordable housing projects in Selangor worth RM550.69 million.
  • The contracts for the Selangor Cyber Valley and Sierra Alam projects were mutually terminated.
  • This decision is not expected to have a material impact on Vestland's earnings or net assets.
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Over 1,000 shopping malls to provide recycling facilities by end-2026 — Nga

Over 1,000 shopping malls to provide recycling facilities by end-2026 — Nga

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Updated:
  • Over 1,000 malls will get recycling facilities by year-end.
  • This Cabinet decision aims to boost solid waste management.
  • It also promotes a circular economy in Malaysia.
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Citaglobal completes private placement; Berjaya Corp unit becomes substantial shareholder

Citaglobal completes private placement; Berjaya Corp unit becomes substantial shareholder

news

Updated:
  • Citaglobal completed its private placement with new shares listed on Bursa Malaysia.
  • Berjaya Securities became a substantial shareholder, acquiring 8.64% of Citaglobal.
  • This subscription will not materially affect BCorp's financials.
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Chin Hin Group Property extends Johor JDA conditional period to December 9

Chin Hin Group Property extends Johor JDA conditional period to December 9

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Updated:
  • Chin Hin Group Property Bhd extended a joint development agreement.
  • Conditions for the project were not fully met by the deadline.
  • The new conditional period ends on Dec 9, 2026 following the original expiry.
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Beyond property listings: building the right relationship with a real estate agent

Beyond property listings: building the right relationship with a real estate agent

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Updated:
  • A real estate director emphasises client-agent relationship quality.
  • Punctuality, rapport, and clear communication are crucial for success.
  • Agents offer more than viewings; use their market knowledge.
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Varia signs agreement to jointly develop RM250 mil residential project in Bandar Seri Alam

Varia signs agreement to jointly develop RM250 mil residential project in Bandar Seri Alam

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Updated:
  • Varia Bhd's subsidiary will co-develop a 645-unit housing project in Johor Bahru.
  • This project has an estimated GDV of RM250 mil.
  • Profits will be shared equally with the landowner, Seri Alam Properties.
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IJM Land delivers Nexus Phase 1 in Seremban 2, now 85% sold

IJM Land delivers Nexus Phase 1 in Seremban 2, now 85% sold

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Updated:
  • IJM Land began handing over Nexus Phase 1, a commercial hub in Seremban 2.
  • This phase, with 166 shop offices, has an 85% take-up rate.
  • The project aims to serve growing residential areas and ensure lasting commercial appeal.
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Sime Darby Property's new fund to give RM62 mil annual profit boost by 2H2027 — HLIB

Sime Darby Property's new fund to give RM62 mil annual profit boost by 2H2027 — HLIB

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Updated:
  • Sime Darby Property's new fund could generate RM62 mil in annual profit by 2H2027.
  • The RM1.25 bil fund will invest in data centres and logistics projects.
  • It has secured capital commitments from major investors.
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Penang to seek DOE report on Jelutong landfill rehabilitation, reclamation projects, says CM Chow

Penang to seek DOE report on Jelutong landfill rehabilitation, reclamation projects, says CM Chow

news

Updated:
  • Penang will get a DOE report before deciding on the Jelutong landfill project.
  • The Chief Minister stated the EIA process is ongoing, not finalised.
  • He also clarified that Penang's cash reserves rose from a 2025 surplus, not land tax hikes.
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Minister says need to keep tabs on 22 'sick' projects in Sabah

Minister says need to keep tabs on 22 'sick' projects in Sabah

news

Updated:
  • Twenty-two federal projects in Sabah are delayed, needing close monitoring.
  • Land issues and poor contractor performance cause these delays.
  • A task force may address land problems, and contractors could be replaced.
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