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From township builder to AI landlord: Sime Darby Property resets game plan, aims for data centre dominance

From township builder to AI landlord: Sime Darby Property resets game plan, aims for data centre dominance

news

Updated:
  • Sime Darby Property Bhd is shifting from residential development to data centre leasing under its SHIFT25 strategy.
  • The Elmina Business Park is becoming a key data centre hub, with significant lease commitments expected to boost recurring income.
  • Investors are now focusing on long-term lease agreements and megawatts secured, indicating a transformation in the company's earnings profile.
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Mah Sing tops out fully-sold M Zenya, targets completion 13 months ahead of schedule

Mah Sing tops out fully-sold M Zenya, targets completion 13 months ahead of schedule

news

Updated:
  • Mah Sing Group's M Zenya in Kepong has topped out, completing its structure ahead of schedule.
  • This fully-sold project highlights strong demand and Mah Sing's efficient development model.
  • The company plans further expansion and new launches across Malaysia.
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Sime Darby Property launches world's first green sukuk for data centre financing

Sime Darby Property launches world's first green sukuk for data centre financing

news

Updated:
  • Sime Darby Property launched a RM2.6 billion Green Sukuk for hyperscale data centres.
  • This funds digital infrastructure and logistics, boosting recurring income.
  • It's the world's first Green Sukuk for energy-efficient data centres.
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Putrajaya monorail project not viable — Transport Ministry

Putrajaya monorail project not viable — Transport Ministry

news

Updated:
  • The Putrajaya monorail project is not viable due to poor infrastructure.
  • Further studies are needed to assess the abandoned structure.
  • The Nadi Putra Bus service offers an alternative transport solution.
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Magma announces RM850m Wolo Mont Kiara project to help it return to profit

Magma announces RM850m Wolo Mont Kiara project to help it return to profit

news

Updated:
  • Magma Group Bhd anticipates returning to profitability by 2026, driven by its Wolo Hotel & Residences project.
  • This RM850 million development in Mont'Kiara launches soon, with 60% of units already showing interest.
  • The project features serviced apartments, a hotel, and retail, aiming for strong sales and global reach.
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Aminuddin: No land acquisition for AI-powered Smart Port project in Port Dickson

Aminuddin: No land acquisition for AI-powered Smart Port project in Port Dickson

news

Updated:
  • The Smart Port project in Port Dickson will use only Tanco Holdings' land.
  • No land acquisition or forest reserves will be affected.
  • This RM3.4 billion project aims to boost Port Dickson's economy.
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Malaysia remains one of Asia’s most accessible property markets for foreign buyers in 2026

Malaysia remains one of Asia’s most accessible property markets for foreign buyers in 2026

news

Updated:
  • Malaysia offers foreigners freehold or leasehold residential property titles, unlike many SEA nations.
  • The 8% stamp duty and state consent are key acquisition costs and hurdles.
  • Despite these, Malaysia remains attractive due to its transparent legal framework and competitive pricing.
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CapitaLand Malaysia Trust sees no immediate impact from US tariff on tenants, leasing demand

CapitaLand Malaysia Trust sees no immediate impact from US tariff on tenants, leasing demand

news

Updated:
  • CapitaLand Malaysia Trust (CLMT) sees no immediate impact from new US tariffs.
  • Tenant sentiment and leasing demand remain unaffected so far.
  • CLMT reported strong Q2 earnings with increased net property income.
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Menara Merdeka 118 renamed Menara Merdeka Maybank

Menara Merdeka 118 renamed Menara Merdeka Maybank

news

Updated:
  • Menara Merdeka 118 is now Menara Merdeka Maybank, its new headquarters.
  • Maybank's former HQ is now Menara Tun Perak.
  • These name changes take effect on July 28, 2026.
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Xanadu Millennium launches in Puchong with over 50% take-up

Xanadu Millennium launches in Puchong with over 50% take-up

news

Updated:
  • Palm Springs launched Xanadu Millennium, a RM700 million residential project.
  • It saw over 50% take-up, targeting first-time buyers.
  • The project offers affordable luxury with many amenities and good connectivity.
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From township builder to AI landlord: Sime Darby Property resets game plan, aims for data centre dominance