IOI Properties may book massive income from premium land sale, analysts say as stock rises

IOI Properties may book massive income from premium land sale, analysts say as stock rises

news

Updated:
  • IOI Properties Group may see a significant profit boost from selling 136 acres of industrial land.
  • Analysts estimate a 33%-42% increase in net profit for FY2027, with a gross margin of about 60%.
  • The company still has 186 acres available for development, enhancing its marketability and pricing power.
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Tropicana kicks off CNY campaign with RM2.89m rewards; new show units of Genting Highlands, Langkawi, Johor projects in PJ gallery

Tropicana kicks off CNY campaign with RM2.89m rewards; new show units of Genting Highlands, Langkawi, Johor projects in PJ gallery

news

Updated:
  • Tropicana Corporation Bhd launched its CNY campaign with new show units and a brand film.
  • The campaign features exclusive rewards and runs until Feb 28, covering 11 developments.
  • Future projects will focus on resort-style living in Genting Highlands, Cyberjaya, and Langkawi.
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New WORQ Well brand opens at KL Eco City with full occupancy

New WORQ Well brand opens at KL Eco City with full occupancy

news

Updated:
  • WORQ has launched WORQ Well, a coworking sub-brand, achieving full occupancy on its first day.
  • The facility spans 34,300 sq ft, accommodating 500 members with amenities like a swimming pool.
  • WORQ Well is the first in Malaysia to receive the WELL Coworking Rating.
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Loke backs call for heavier penalties against cable thieves

Loke backs call for heavier penalties against cable thieves

news

Updated:
  • Transport Minister Anthony Loke advocates for harsher penalties for public transport cable theft.
  • He emphasises that such thefts disrupt operations and cause significant financial losses.
  • Loke also highlights the need for stricter measures against drug abuse among heavy vehicle drivers.
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OSK Property partners RHB to launch green financing scheme

OSK Property partners RHB to launch green financing scheme

news

Updated:
  • OSK Property Holdings Bhd and RHB Banking Group launched a green financing scheme for homebuyers.
  • Eligible buyers can access up to 110% financing for green-certified homes in selected developments.
  • This initiative aims to enhance financial accessibility and promote sustainable homeownership in Malaysia.
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Govt may rethink preferential withholding tax as REIT sector deemed ‘mature’

Govt may rethink preferential withholding tax as REIT sector deemed ‘mature’

news

Updated:
  • The government is reviewing whether to renew the preferential withholding tax on dividends from REITs.
  • The REIT market capitalisation has grown to RM57 billion, indicating strong viability.
  • A possibility that Malaysia’s gross domestic product (GDP) forecast could be revised upwards in April.
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Long-awaited Residential Tenancy Act to be tabled this year—minister

Long-awaited Residential Tenancy Act to be tabled this year—minister

news

Updated:
  • The Residential Tenancy Act (RTA) is nearing completion and will be tabled this year.
  • It aims to create a regulated rental market to protect landlords and tenants.
  • The RTA's progress follows the Cabinet's withdrawal of the Urban Renewal Act for revisions after feedback.
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Binastra's data centre job wins could pave way for bigger opportunities—analysts

Binastra's data centre job wins could pave way for bigger opportunities—analysts

news

Updated:
  • Binastra Corporation Bhd is expanding beyond residential projects with data centre job wins.
  • Analysts see potential for further opportunities in sewage and solar projects.
  • The company's order book reached RM7 billion after a recent RM503 million data centre contract.
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Lincotec Technology Malaysia breaks ground for facility at Senai Airport City Free Zone

Lincotec Technology Malaysia breaks ground for facility at Senai Airport City Free Zone

news

Updated:
  • Lincotec Technology (Malaysia) Sdn Bhd has begun construction on a semiconductor facility in Johor.
  • This investment marks Linco Technology's first manufacturing venture in Asean.
  • The plant will focus on advanced semiconductors, boosting Johor's status as a high-tech industrial hub.
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Court-convicted litterbugs to do community service simultaneously on Feb 13—Nga

Court-convicted litterbugs to do community service simultaneously on Feb 13—Nga

news

Updated:
  • On February 13, offenders convicted of littering will perform community service, said Minister Nga Kor Ming.
  • 600 littering notices have been issued, with 46 cases mentioned in court and three resulting in convictions.
  • Nga emphasised that this initiative aims to educate the public on cleanliness, not just punish offenders.
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IOI Properties may book massive income from premium land sale, analysts say as stock rises