Iskandar Waterfront City to sell 16-acre land in Johor Bahru for RM71.6 mil

Iskandar Waterfront City to sell 16-acre land in Johor Bahru for RM71.6 mil

news

Updated:
  • Iskandar Waterfront City Bhd is selling 16.43 acres of land in Johor Bahru for RM71.55 million.
  • The sale is expected to yield a post-tax profit of RM28.12 million and will support working capital needs.
  • The transaction aims to optimise the company's asset portfolio and is set for completion in 3Q2026.
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S P Setia to launch Aurora Phase 1 in Setia Bayuemas following earlier phases’ 91% take-up

S P Setia to launch Aurora Phase 1 in Setia Bayuemas following earlier phases’ 91% take-up

news

Updated:
  • S P Setia Bhd is launching Aurora Phase 1 in Setia Bayuemas, Klang, after previous phases' success.
  • This phase includes 82 double-storey terrace houses priced from RM880,000, with a GDV of RM76.7 million.
  • A pre-Chinese New Year event will be held on Feb 14 to celebrate the launch and showcase the development.
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Exsim Hospitality seeks shareholder approval to diversify into construction, centralised procurement

Exsim Hospitality seeks shareholder approval to diversify into construction, centralised procurement

news

Updated:
  • Exsim Hospitality Bhd plans to diversify into construction and centralised procurement.
  • This move aims to contribute at least 25% to its future net profit.
  • The company believes this will enhance project management and reduce reliance on any single business segment.
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ECRL operations to require 2,000 general and specialist workers—Transport Ministry

ECRL operations to require 2,000 general and specialist workers—Transport Ministry

news

Updated:
  • Malaysia Rail Link is preparing for the East Coast Rail Link's operation starting January 2027.
  • About 2,000 personnel will be needed, with 80% must be Malaysian citizens.
  • Local talent development programmes will boost employment and economic growth in surrounding communities.
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No postponement of data centre investments due to water supply constraints—Miti

No postponement of data centre investments due to water supply constraints—Miti

news

Updated:
  • As of January 2026, no data centre investments in Malaysia are at risk due to water supply issues.
  • The government is committed to ensuring sufficient water resources and exploring sustainable alternatives.
  • Malaysia aims to be a competitive digital hub while balancing industrial growth and sustainability.
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Malaysian Bar says HIMS does not replace legal safeguards in home purchases

Malaysian Bar says HIMS does not replace legal safeguards in home purchases

news

Updated:
  • The Malaysian Bar emphasised that HIMS does not replace legal stages in housing transactions.
  • HIMS is an admin tool for eligibility and allocation, but legal protections are crucial post-allocation.
  • The Bar urged for legal advice integration in HIMS to protect buyers from risks in the contractual phase.
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Berjaya Land’s George Town project draws local, global buyers; opens sales gallery

Berjaya Land’s George Town project draws local, global buyers; opens sales gallery

news

Updated:
  • Berjaya Land Bhd has launched a new sales gallery for its Jesselton Courtyard in Penang.
  • The development features 239 units in a low-density, gated community and has attracted significant buyer interest.
  • The sales gallery opens on Feb 18, with a roadshow at Gurney Plaza from Feb 14 to March 1.
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KL City Hall sets up portal for public to strengthen transparency in city's urban planning process

KL City Hall sets up portal for public to strengthen transparency in city's urban planning process

news

Updated:
  • Kuala Lumpur City Hall has launched an OSC Portal to enhance transparency in urban planning.
  • The portal allows public access to development applications while protecting confidential information.
  • This initiative aims to boost public confidence and ensure orderly compliance with regulations in development activities.
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KIP REIT reopens upgraded KIPMall Tampoi after asset enhancement

KIP REIT reopens upgraded KIPMall Tampoi after asset enhancement

news

Updated:
  • KIP Real Estate Investment Trust has reopened KIPMall Tampoi after a comprehensive asset enhancement initiative.
  • The upgrades include a farmer-market-style fresh market and new tenants like The Chicken Rice Shop and ZUS Coffee.
  • Sustainability features were added, aligning with GreenRE Gold certification to enhance long-term value and community engagement.
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Govt disbursed over RM9 bil to date for Pan Borneo Sabah Phase 1A — works minister

Govt disbursed over RM9 bil to date for Pan Borneo Sabah Phase 1A — works minister

news

Updated:
  • The government has allocated RM9.2 billion for Phase 1A of the Pan Borneo Highway, now 86.98% complete.
  • Phase 1B started in 2024 and is currently 13.68% finished, with delays in Sabah due to more work packages.
  • The East Coast Expressway 3 project is proposed at RM9.8 billion, to be funded through a public-private partnership.
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