Curated stories and property intelligence, delivered your way.
Curated stories and property intelligence, delivered your way. Get free newspaper
Ideal Property Group’s Penang Technology Park @ Bertam completes Phase 1, Phase 2 at 85%

Ideal Property Group’s Penang Technology Park @ Bertam completes Phase 1, Phase 2 at 85%

news

Updated:
  • Ideal Property Group's Penang Technology Park has completed Phase 1 and is 85% through Phase 2.
  • The park is becoming a key part of Penang's semiconductor ecosystem, attracting foreign investments.
  • Major projects include a lithium battery facility and a silicon carbide wafer production base.
Read More
Sunway REIT seeks unitholders' nod to renew mandate for related-party transactions at 13th AGM

Sunway REIT seeks unitholders' nod to renew mandate for related-party transactions at 13th AGM

news

Updated:
  • Sunway REIT is seeking unitholder approval for recurrent related party transactions at its AGM on May 21.
  • The mandate includes various operational transactions, with estimated revenues of up to RM300 million.
  • The board recommends approval, while key stakeholders will abstain from voting due to conflicts of interest.
Read More
Klang upgrader market gains momentum on income, infrastructure, port growth

Klang upgrader market gains momentum on income, infrastructure, port growth

news

Updated:
  • Klang is transforming into a modern urban hub due to rising incomes and infrastructure upgrades.
  • The area is seeing significant growth in higher-value residential properties, attracting affluent upgraders.
  • Setia Bayuemas is a key development in this shift, offering a master-planned community.
Read More
HLIB less bullish on Malaysia’s REIT sector as tax removal squeezes yields, investors shift to alternatives

HLIB less bullish on Malaysia’s REIT sector as tax removal squeezes yields, investors shift to alternatives

news

Updated:
  • Hong Leong Investment Bank downgraded Malaysia's REIT sector from "overweight" to "neutral".
  • They cited narrow yield spreads and competition from high-dividend alternatives as key factors.
  • Despite resilient earnings, rising operating costs and tax changes may limit growth potential.
Read More
Sime Darby Property proposes new long-term incentive plan for key staff, covering up to 5% of issued shares

Sime Darby Property proposes new long-term incentive plan for key staff, covering up to 5% of issued shares

news

Updated:
  • Sime Darby Property Bhd is launching a long-term incentive plan for executives, capped at 5% of shares.
  • The plan includes a Performance Share Grant and a Restricted Share Grant, tied to performance and service.
  • Approval from Bursa Malaysia and shareholders is needed, with implementation expected by 3Q2026.
Read More
Chin Hin Group Property wraps up private placement, abandons remaining tranche

Chin Hin Group Property wraps up private placement, abandons remaining tranche

news

Updated:
  • Chin Hin Group Property Bhd completed its private placement, raising RM73.9 million from 64.3 million shares.
  • The company opted not to extend the placement deadline and will not issue remaining shares.
  • Initially targeting RM105 million, the funds were intended for joint venture projects with Fiamma Holdings Bhd.
Read More
MRCB profit holds steady at RM73.2m PBT as new project wins offset 27% revenue drop from LRT3 taper

MRCB profit holds steady at RM73.2m PBT as new project wins offset 27% revenue drop from LRT3 taper

news

Updated:
  • MRCB reported a revenue of RM1.20 billion for FY2025, down 27% from the previous year due to project completions.
  • The Engineering division led with RM944.8 million in revenue, while property sales rose 11% to RM927.4 million, driven by Australian developments.
  • MRCB plans RM2.2 billion in domestic launches for 2026, expecting revenue normalisation by 2027.
Read More
Maybank sets May 6 for Merdeka 118 move, anchoring world’s second-tallest building

Maybank sets May 6 for Merdeka 118 move, anchoring world’s second-tallest building

news

Updated:
  • Maybank will officially relocate its head office to Menara Merdeka 118 on May 6.
  • The move involves 33 floors and approximately 7,000 employees, marking a significant milestone.
  • Menara Maybank will be leased back to PNB, ensuring its continued operation as an office property.
Read More
Tanco denies new undisclosed developments behind share price surge, points to Midport Project media coverage

Tanco denies new undisclosed developments behind share price surge, points to Midport Project media coverage

news

Updated:
  • Tanco Holdings Bhd addressed Bursa Malaysia's UMA query regarding its rising share price.
  • The company stated no new corporate developments were known to its board, attributing interest to past milestones.
  • Tanco confirmed compliance with listing requirements and will announce future developments when finalised.
Read More
Zelan's proposed scheme of arrangement receives 100% creditor approval at court-convened meeting

Zelan's proposed scheme of arrangement receives 100% creditor approval at court-convened meeting

news

Updated:
  • Zelan Bhd has secured unanimous creditor approval for its debt restructuring scheme.
  • The company, classified as PN17, has been on Bursa Malaysia's watchlist since late 2025.
  • It will now seek court sanction for the proposed arrangement following the creditors' meeting on April 20.
Read More
Bites
Ideal Property Group’s Penang Technology Park @ Bertam completes Phase 1, Phase 2 at 85%