Loke: ECRL on track for January 2027 launch

Loke: ECRL on track for January 2027 launch

news

Updated:
  • The Ministry of Transport aims to start the East Coast Rail Link operations in January 2027.
  • Transport Minister Anthony Loke emphasised the importance of system integration and testing before operations.
  • The ECRL project is 89% complete as of October 2025, with ongoing monitoring for safety and reliability.
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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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Axis REIT's 4Q profit up 47% to RM134 mil on resilient property income

Axis REIT's 4Q profit up 47% to RM134 mil on resilient property income

news

Updated:
  • Axis Real Estate Investment Trust reported a net profit of RM133.87 million for 4QFY2025.
  • Revenue increased by 4% to RM91.31 million, reflecting strong property performance.
  • The trust declared a distribution of 2.75 sen per unit, totaling 10.55 sen for FY2025.
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Scarce Grade A office supply from 2027 to benefit landlords in Greater KL—JLL

Scarce Grade A office supply from 2027 to benefit landlords in Greater KL—JLL

news

Updated:
  • The Greater Kuala Lumpur office market will face supply limitations from 2027, with only one Grade A project.
  • Developers are cautious due to less attractive office rents and short-term tenancy contracts.
  • This tightening supply is expected to increase rental rates and favour landlords.
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IGB, IGB Commercial REITs post strong 4Q property income on higher rentals

IGB, IGB Commercial REITs post strong 4Q property income on higher rentals

news

Updated:
  • IGB REIT and IGB Commercial REIT reported strong net property income growth in 4Q, driven by higher rentals.
  • IGB REIT's NPI surged 44.3% to RM155.7 million, while IGB Commercial REIT's NPI rose 37.5% to RM38.75 million.
  • Both declared distributions, IGB REIT at 2.97 sen per unit, IGB Commercial REIT at 1.10 sen per unit.
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Suntrack launches RM318 mil industrial hub in Salak Tinggi

Suntrack launches RM318 mil industrial hub in Salak Tinggi

news

Updated:
  • Suntrack Development Sdn Bhd has launched Suntrack Hub 2 in Bandar Baru Salak Tinggi, valued at RM318 million.
  • The development features 62 semi-detached factories, starting at RM4.1 million.
  • Construction is set to begin in April 2026, with a focus on creating a secure industrial environment.
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