Inactive malls close, overall occupancy edges up—Henry Butcher

Inactive malls close, overall occupancy edges up—Henry Butcher

news

Updated:
  • Malaysia's retail sector saw a slight decline in mall space in 2025 due to closures and refurbishments.
  • Klang Valley malls averaged 83.7% occupancy, while Penang's rate was 70.8%.
  • The government aims for 47 million tourist arrivals during VMY2026 through initiatives like visa-free entry.
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Rental scam victims disappointed with inaction by authorities

Rental scam victims disappointed with inaction by authorities

news

Updated:
  • Rental scams in Malaysia have surged over 400% from 2023 to 2025, targeting students and foreigners.
  • Victims report little action from authorities, with many losing significant amounts to fraudulent agents.
  • Renters should verify property legitimacy, avoid upfront payments, and ensure proper documentation.
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Axis REIT flags potential equity fundraising if gearing breaches 40% amid asset expansion

Axis REIT flags potential equity fundraising if gearing breaches 40% amid asset expansion

news

Updated:
  • Axis REIT may consider equity fundraising if financial leverage exceeds 40% due to new acquisitions.
  • Currently, the trust is comfortable with a 32% debt-to-asset ratio and has pending deals.
  • Their portfolio includes 69 properties valued over RM5 billion, with ongoing acquisitions.
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18MPS: Higher incomes still can’t fix housing crunch—economist

18MPS: Higher incomes still can’t fix housing crunch—economist

news

Updated:
  • Malaysian homebuyers face affordability issues due to rising prices and limited income, especially in cities.
  • Napic will make property data publicly accessible from Feb 1, 2026, enhancing transparency.
  • Expert suggests improving pedestrianisation in Johor to manage traffic and boost commercial vibrancy.
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SkyWorld opens first Penang sales gallery, marks northern expansion

SkyWorld opens first Penang sales gallery, marks northern expansion

news

Updated:
  • SkyWorld Development Bhd has launched its first sales gallery in Penang, marking its northern expansion.
  • The facility includes a PPVC Experience Centre and showcases innovative construction methods.
  • Over 80% of the units under Phase 1A of the SkyWorld Pearlmont project have have been taken up.
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Putrajaya launches three digital initiatives to boost smart city agenda

Putrajaya launches three digital initiatives to boost smart city agenda

news

Updated:
  • Putrajaya launched three digital initiatives to enhance its smart city status and community engagement.
  • The initiatives include a tourism website, a mobile app for city services, and a Local Agenda 21 website.
  • The Putrajaya Open Day 2026 aims to attract 200,000 visitors with various attractions and activities.
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GuocoLand posts lower 2Q profit as property contributions ease

GuocoLand posts lower 2Q profit as property contributions ease

news

Updated:
  • GuocoLand (Malaysia) Bhd reported a 9.48% drop in net profit to RM6.67 million for 2QFY2026.
  • Revenue rose 4.62% to RM150.82 million, driven by strong sales and improved hotel performance.
  • The company anticipates moderate growth in the Malaysian property market for 2026.
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Geohan secures RM32 mil piling jobs in Johor from Sunway units

Geohan secures RM32 mil piling jobs in Johor from Sunway units

news

Updated:
  • Geohan Corp Bhd has secured two piling contracts worth RM32.2 million in Johor from Sunway Bhd subsidiaries.
  • The projects include a 46-storey Soho development and 47-storey serviced apartments, both starting this month.
  • Both contracts were awarded to Geohan’s wholly-owned unit Geohan Sdn Bhd.
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CapitaLand Malaysia Trust eyes industrial and logistics segment expansion, targets 20% AUM by 2028

CapitaLand Malaysia Trust eyes industrial and logistics segment expansion, targets 20% AUM by 2028

news

Updated:
  • CapitaLand Malaysia Trust plans to acquire properties in Penang, Johor, and Klang Valley to boost its AUM.
  • The industrial and logistics segment aims to grow from 7.9% to 20% by 2028, with an interim target of 11.5%.
  • CLMT remains optimistic about retail growth due to Visit Malaysia Year 2026.
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CapitaLand Malaysia Trust reports 12.4% rise in 4Q property income, declares 1.27 sen DPU

CapitaLand Malaysia Trust reports 12.4% rise in 4Q property income, declares 1.27 sen DPU

news

Updated:
  • CapitaLand Malaysia Trust reported a 12.4% increase in fourth-quarter net property income to RM81.5 million.
  • For FY2025, NPI rose 9.7% to RM289.44 million, with a total distribution per unit of 4.84 sen.
  • It completed the acquisition of seven industrial and logistics properties in the Klang Valley and Johor.
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Inactive malls close, overall occupancy edges up—Henry Butcher