Only Johor saw upticks while other states’ residential markets stayed cautious

news

Updated: January 28, 2026

In 2025, Johor was the only Malaysian state to see growth in its residential market.
National transaction volume fell by 2.75%, with Selangor and Penang experiencing declines in volume and value.
Penang island’s residential overhang rose from 2,570 units in 3Q2024 to 2,730 in 3Q2025, a 6.2% increase.

news

Updated: April 1, 2026

Magna Prima Bhd is investing RM45 million to regain control of a 4.58-acre plot in Shah Alam.
The joint venture with OCR Avenue remains active, but the structure has changed, allowing direct control.
The site is part of a larger plan for an integrated e-commerce logistics hub valued at RM1.5 billion.

news

Updated: April 1, 2026

Citaglobal Bhd has secured a RM150 million contract to build military housing in Sabah.
The project aims to enhance living standards for Royal Malaysian Navy personnel and is set for completion in 40 months.
Citaglobal's order book now totals RM1.44 billion, reflecting recent contract wins in various sectors.

news

Updated: March 31, 2026

Aspen (Group) Holdings Ltd has unveiled Mezon @ Park Enclave, a new residential project in Batu Kawan.
The development features twin towers with 301 units each, designed for both owners and investors.
Strategically located near industrial parks, it aims to meet housing demand linked to Penang's growing manufacturing sector.

news

Updated: March 31, 2026

Shangri-La Hotels has renewed tenancy agreements for office space at UBN Tower, effective April 2026.
The rental rates increased by 3%, generating an expected income of RM6.26 million over three years.
The agreements support occupancy and provide a steady income stream without needing shareholder approval.

news

Updated: March 31, 2026

Crescendo Corp Bhd's net profit fell 60.1% in Q4 despite a 16% revenue increase due to high operating costs.
For FY2026, net profit dropped 82.46% to RM92.27 million, with revenue down 61.33% from the previous year.
The company anticipates ongoing demand for industrial properties in Johor, despite global uncertainties and rising costs.

news

Updated: March 31, 2026

The Public Works Ministry is assessing mitigation strategies for rising construction costs due to geopolitical tensions.
Minister Datuk Seri Alexander Nanta Linggi emphasised the need for a comprehensive, data-driven approach.
The government aims to ensure stability in the construction sector while addressing the impact of global factors on costs.

news

Updated: March 31, 2026

KWAP, the third largest shareholder of IJM Corporation, is rejecting Sunway's share offer.
The investment panel deemed the offer unfair and undervaluing IJM's potential.
Other major shareholders, including EPF and PNB, have also turned down the deal.

news

Updated: March 31, 2026

BIMOffice Group Bhd debuted on Bursa Malaysia's LEAP Market at 26.5 sen, rising from 15 sen.
The company specialises in digital construction planning using 3D models to enhance project efficiency.
Despite rising costs, they maintain a strong order book and see potential for growth in digital solutions.

news

Updated: March 31, 2026

The Malaysian property market is transitioning into a late-stage adjustment phase after a decade of growth.
While industrial thrives, the residential market shows signs of fatigue, indicating a selective demand.
As 2026 approaches, developers are pivoting strategies to focus on resilience rather than expansion.