HBA welcomes retraction of Urban Redevelopment Bill

HBA welcomes retraction of Urban Redevelopment Bill

news

Updated:
  • The National House Buyers Association (HBA) praised the Cabinet for retracting the Urban Redevelopment Bill.
  • HBA emphasised the need for genuine reform and public trust in future legislation.
  • HBA supports urban renewal but insists homeowners must be treated as stakeholders.
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Tropicana makes RM195.88m two-pronged landbank push into Langkawi, targeting tourism-driven development

Tropicana makes RM195.88m two-pronged landbank push into Langkawi, targeting tourism-driven development

news

Updated:
  • Tropicana Corp Bhd is expanding in Langkawi's property market by acquiring two land parcels for RM195.88 mil.
  • First deal involves 21.03 acres in Bandar Padang Lalang, while the second is 3.12 acres in Padang Mat Sirat.
  • Acquisitions are related party transactions and will be funded through bank borrowings and internal funds.
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7-Eleven unit pays RM19m for Seri Kembangan land to build food commissary

7-Eleven unit pays RM19m for Seri Kembangan land to build food commissary

news

Updated:
  • 7-Eleven Malaysia's subsidiary QVI Foods is acquiring agricultural land for RM19 million in Selangor.
  • The 0.86-hectare land will be used to establish a food commissary, enhancing SEM's food supply chain.
  • The acquisition is set to complete by 2Q2026 and won't significantly impact the group's finances.
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Avaland pays RM86m for Taman U-Thant land, targets RM700m GDV luxury high-rise

Avaland pays RM86m for Taman U-Thant land, targets RM700m GDV luxury high-rise

news

Updated:
  • Avaland Bhd is acquiring three parcels of land in Taman U-Thant for RM86 mil to expand its luxury segment.
  • The site, valued at RM88 mil, will be developed into a high-rise residential project with a GDV of RM700 mil.
  • Completion is expected in 1Q2027, with funding from internal resources and bank loans.
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UEM Sunrise jumps 12% as takeover speculation, re-rating hopes lift rally

UEM Sunrise jumps 12% as takeover speculation, re-rating hopes lift rally

news

Updated:
  • UEM Sunrise Bhd has seen a 12.71% rise, driven by speculation of undervaluation and takeover interest.
  • The stock reached 66.5 sen, with a market cap of RM3.37 billion, gaining nearly 32% since April 22.
  • Analysts suggest potential re-rating and trading opportunities as the company aims to unlock Johor landbank.
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KLCCP Stapled Group flags cost pressures on retail, hotel segments amid Middle East tensions

KLCCP Stapled Group flags cost pressures on retail, hotel segments amid Middle East tensions

news

Updated:
  • KLCCP Stapled Group faces cost pressures in retail and hotel segments due to economic uncertainty.
  • Group aims to maintain cost discipline and operational efficiency while achieving single-digit rental growth.
  • Despite challenges, KLCCP reported a record net profit of RM1.28 billion for FY2025.
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Ekovest abandons RM310m RTS Link land deal after more than two years of negotiations

Ekovest abandons RM310m RTS Link land deal after more than two years of negotiations

news

Updated:
  • Ekovest Bhd has cancelled its RM310 million land acquisition for the JB-Singapore RTS Link.
  • Both parties agreed to release each other from obligations after the deal lapsed.
  • Ekovest remains open to future acquisition opportunities if they arise.
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Bedi completes RM15.92m land acquisition in Kota Kinabalu for future mixed development

Bedi completes RM15.92m land acquisition in Kota Kinabalu for future mixed development

news

Updated:
  • Bedi Bhd has acquired an 8.7-acre land parcel in Kota Kinabalu, Sabah, for RM15.9 million.
  • The acquisition, completed through Wah Mie Realty, enhances Bedi's landbank for future developments.
  • Funding was sourced from internal funds and bank borrowings, with the site located near key infrastructure.
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PropNex Malaysia clocks RM200m in sales in 2025, celebrates eight years of growth

PropNex Malaysia clocks RM200m in sales in 2025, celebrates eight years of growth

news

Updated:
  • PropNex Malaysia celebrated its eighth anniversary with the Infinity Convention 2026, uniting real estate negotiators.
  • The company achieved RM200 million in sales in 2025, marking significant growth since its 2018 launch.
  • New guiding principles were introduced to enhance performance culture as the company expands its nationwide presence.
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Mitraland launches RM728m ELEV8 industrial project, with first phase 80% sold

Mitraland launches RM728m ELEV8 industrial project, with first phase 80% sold

news

Updated:
  • Mitraland Group has launched ELEV8 Entrepreneurs’ Park, a 95.6-acre industrial project in Selangor.
  • The development, valued at RM728 million, will be completed in three phases by 4Q2028.
  • ELEV8 features modern factory units, a lifestyle hub, and is strategically located near major cargo hubs!
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