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Appellate court rules single JMB should manage mixed developments, residential and commercial properties allowed to have different rates

Appellate court rules single JMB should manage mixed developments, residential and commercial properties allowed to have different rates

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Updated:
  • The Court of Appeal ruled that a single joint management body must oversee mixed developments in Penang.
  • It also stated that different rates can be imposed on residential and commercial properties.
  • The court declared previous resolutions for separate management as void, requiring a unified approach.
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Ukay Heights bungalow enters market at RM3.35m

Ukay Heights bungalow enters market at RM3.35m

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Updated:
  • A two-story bungalow in Ukay Heights, Ampang, is for sale at RM3.35 mil.
  • It offers spacious living, a private pool, and five bedrooms.
  • The property is in a low-density area with easy access to KLCC and amenities.
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Should you buy or lease your headquarters?

Should you buy or lease your headquarters?

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Updated:
  • The article argues that buying a headquarters should align with a company's long-term business strategy.
  • It introduces the B.E.S.T.
  • Framework for making informed real estate decisions.
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Tengku Zafrul: Selangor, Johor lead investment as real estate records RM33.5b

Tengku Zafrul: Selangor, Johor lead investment as real estate records RM33.5b

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Updated:
  • Selangor and Johor led Malaysia's investments in 1H2026, totaling RM129.4 bil.
  • Services and manufacturing were key drivers, with digital investments boosting Selangor.
  • Overall, Malaysia saw RM218.5 bil in approved investments, expected to create 99,030 jobs.
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Ombak KLCC completes the KLCC Precinct; Galeri PETRONAS to open in 4Q2027

Ombak KLCC completes the KLCC Precinct; Galeri PETRONAS to open in 4Q2027

news

Updated:
  • Ombak KLCC, the latest component of the KLCC Precinct, is now open.
  • This new mall integrates arts, culture, lifestyle, and leisure.
  • It will feature Galeri PETRONAS, opening in late 2027.
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WCT secures RM600.89m contract for 41-storey office building at TRX

WCT secures RM600.89m contract for 41-storey office building at TRX

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Updated:
  • WCT Holdings secured a RM600.89 mil contract for a 41-story office building.
  • The project is located at Tun Razak Exchange in Kuala Lumpur.
  • Construction is set to begin on Dec 1, 2026.
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UEM Sunrise appoints industry veteran Azmar Talib as chairman

UEM Sunrise appoints industry veteran Azmar Talib as chairman

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Updated:
  • UEM Sunrise Bhd appointed Datuk Wira Sr Azmar Talib as its new chairman.
  • He brings over 40 years of experience to the role.
  • Azmar succeeds Datuk Hisham Hamdan, who strengthened the company's fundamentals.
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Avaland 2Q net profit rises 41% q-o-q to RM17.1m

Avaland 2Q net profit rises 41% q-o-q to RM17.1m

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Updated:
  • Avaland Bhd's net profit rose 41% to RM17.1 mil in 2QFY2026, with revenue up 17%.
  • New sales increased by 46% to RM222.4 mil, driven by new developments.
  • The company acquired land for a luxury project and plans over RM1 bil in new launches.
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Mah Sing 2Q net profit rises 9.8% as revenue grows 16%

Mah Sing 2Q net profit rises 9.8% as revenue grows 16%

news

Updated:
  • Mah Sing Group's 2Q net profit rose 9.8% to RM72.47 mil due to higher property sales.
  • The company achieved RM1.32 bil in property sales for the first half of the year.
  • They also plan new developments and a significant land disposal.
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Tanco slips into 4Q loss despite 19% revenue growth

Tanco slips into 4Q loss despite 19% revenue growth

news

Updated:
  • Tanco Holdings Bhd reported a net loss in 4QFY2026 despite higher revenue.
  • The property division's operating loss contributed to this decline.
  • Full-year profit also fell, though revenue increased significantly.
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