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AME REIT extends record quarterly net property income, declares 2.06 sen distribution

AME REIT extends record quarterly net property income, declares 2.06 sen distribution

news

Updated:
  • AME Real Estate Investment Trust reported a 23% increase in net property income for 3QFY2026.
  • The trust's revenue rose 25% to RM16.03 million, with a DPU of 2.06 sen declared.
  • AME REIT's portfolio includes 40 industrial properties and three industrial-related workers’ dormitories.
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Ahmad Zaki Resources unit slapped with two more winding-up petitions over unpaid works

Ahmad Zaki Resources unit slapped with two more winding-up petitions over unpaid works

news

Updated:
  • Ahmad Zaki Resources Bhd's subsidiary faces new winding-up petitions.
  • Unpaid claims total RM1.78 mil from two companies.
  • The subsidiary is negotiating for a resolution.
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Urban renewal or administrative fantasy? Why many of the 139 identified areas may never be redeveloped

Urban renewal or administrative fantasy? Why many of the 139 identified areas may never be redeveloped

news

Updated:
  • The proposed Urban Renewal Act (URA) cited 139 redevelopment areas in Kuala Lumpur.
  • Many of these areas, like military lands, face significant jurisdictional hurdles.
  • This raises doubts about the realistic implementation of the URA's ambitious plans.
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Net zero isn’t the finish line, it’s the starting point for smarter cities

Net zero isn’t the finish line, it’s the starting point for smarter cities

news

Updated:
  • The International Sustainability Week (ISW) 2026 will explore moving beyond net zero to regenerative cities.
  • The most progressive developers no longer see sustainability as a cost of doing business.
  • Ecosystem integrity and biodiversity provide economic, social and psychological services.
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Govt approves 46 Pasir Puteh projects worth RM207.2 mil, supports ECRL development

Govt approves 46 Pasir Puteh projects worth RM207.2 mil, supports ECRL development

news

Updated:
  • The government approved 46 projects for Pasir Puteh, Kelantan, totalling RM207.2 mil.
  • These projects will develop downstream industrial infrastructure near the ECRL cargo station.
  • This aims to leverage the ECRL for economic growth, attracting investment and creating jobs.
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Sime Darby Property’s RM78.6 mil compensation overturned by court

Sime Darby Property’s RM78.6 mil compensation overturned by court

news

Updated:
  • Sime Darby Property lost its case for additional compensation from the government's acquisition of its land.
  • The Shah Alam High Court sided with the Malaysian Highway Authority.
  • Case involved compulsory acquisition of seven plots of land for the West Coast Expressway project.
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New 26-storey condominium proposed opposite Penang’s Gurney Paragon Mall

New 26-storey condominium proposed opposite Penang’s Gurney Paragon Mall

news

Updated:
  • A 26-story condo is planned for Jalan Kelawai, Penang.
  • It will have 50 units and a 6-storey parking podium.
  • Details like developer and pricing are not yet public.
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Penang targets October to gazette Seberang Perai 2030 local land-use plan

Penang targets October to gazette Seberang Perai 2030 local land-use plan

news

Updated:
  • Penang will gazette its Seberang Perai Local Plan 2030 by October.
  • This plan formalises land-use and development decisions for the mainland.
  • Rezoning applications will follow a structured, statutory process.
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UDA expands Penang wakaf project with 410-unit Amaanee Residences

UDA expands Penang wakaf project with 410-unit Amaanee Residences

news

Updated:
  • UDA Holdings launched Amaanee Residences, a 410-unit apartment project in Penang.
  • The phased redevelopment of the Wakaf Seetee Aisah site has increased the wakaf land's value.
  • Units start from RM299,991 with completion by 2027.
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Tropicana trains staff to counter greenwashing as ESG scrutiny grows

Tropicana trains staff to counter greenwashing as ESG scrutiny grows

news

Updated:
  • Tropicana Corp Bhd held an anti-greenwashing workshop for employees.
  • It aimed to strengthen ESG communication credibility.
  • The session focused on avoiding misleading sustainability claims.
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AME REIT extends record quarterly net property income, declares 2.06 sen distribution