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Berjaya Property’s ultra-luxury gambit

Berjaya Property’s ultra-luxury gambit

news

Updated:
  • Berjaya Property Bhd is shifting towards the ultra-luxury market, with strong sales in premium projects.
  • It reported a net loss of RM121.76 million due to currency impacts, but core property revenue grew 2.3%.
  • Analysts suggest a potential REIT structure could unlock value, aligning with broader industry trends.
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GD Properties breaks ground on RM1.37b KL360 @ Menara GD, reviving abandoned M101 Skywheel

GD Properties breaks ground on RM1.37b KL360 @ Menara GD, reviving abandoned M101 Skywheel

news

Updated:
  • GD Properties has launched KL360 @ Menara GD, a RM1.37 bil mixed-use project in Kuala Lumpur.
  • The Housing Minister emphasised the project's role in restoring trust and addressing abandoned developments.
  • GD Properties aims to collaborate with the government to eliminate abandoned projects by 2030.
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Work on Mutiara Line LRT stations progressing steadily — Penang CM

Work on Mutiara Line LRT stations progressing steadily — Penang CM

news

Updated:
  • Construction of the Mutiara Line LRT project is progressing, with station designs awaiting approval.
  • Key stations like Bandar Sri Pinang and LTAPP are advancing, with piers and foundations completed.
  • Traffic management plans are in place as construction intensifies, causing potential public inconvenience.
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Yong Tai seeks fourth extension for RM160 mil Courtyard by Marriott Melaka sale circular

Yong Tai seeks fourth extension for RM160 mil Courtyard by Marriott Melaka sale circular

news

Updated:
  • Yong Tai Bhd has requested a fourth six-month extension to submit its draft circular for a RM160 mil sale.
  • The proposed sale of the Courtyard by Marriott Melaka has faced legal challenges.
  • As of March 31, 2026, the company reported a net debt of RM202.81 mil and a reduced net loss of RM2.1 mil.
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Sentoria to delist from Main Market on June 16

Sentoria to delist from Main Market on June 16

news

Updated:
  • Sentoria Group Bhd's shares will be delisted from Bursa Malaysia on June 16.
  • The company failed to submit its regularisation plan by the June 3 deadline.
  • Sentoria has faced financial distress, and has been in the red since 2018.
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Bina Puri defends early completion of Sarawak company acquisition amid Bursa query

Bina Puri defends early completion of Sarawak company acquisition amid Bursa query

news

Updated:
  • Bina Puri Holdings defends its early acquisition of Enforture (Sarawak) despite ongoing due diligence.
  • The group believes timely integration is crucial for managing ongoing projects effectively.
  • They assure that contractual safeguards will protect their interests and no issues have been found so far.
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Chin Hin Group lifts stakes in Ajiya and Chin Hin Group Property via open and off-market acquisitions

Chin Hin Group lifts stakes in Ajiya and Chin Hin Group Property via open and off-market acquisitions

news

Updated:
  • Chin Hin Group Bhd has acquired shares in Ajiya Bhd and Chin Hin Group Property Bhd recently.
  • The acquisitions include 217,300 shares in Ajiya and 3,185,300 shares in Chin Hin Group Property.
  • These transactions triggered multiple Bursa filings due to the ownership structure of the Chiau family.
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Sheng Tai judicial management bid stalls Infraharta's RM4.59 mil recovery effort

Sheng Tai judicial management bid stalls Infraharta's RM4.59 mil recovery effort

news

Updated:
  • Infraharta Holdings Bhd is facing a statutory moratorium after STISB filed a Judicial Management application.
  • A subsidiary is also defending a RM600,032 claim related to a road project in Negeri Sembilan.
  • Infraharta plans to take necessary legal steps and will update on developments in both cases.
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KPKT revived 1,576 sick and abandoned housing projects since 2023, says Nga

KPKT revived 1,576 sick and abandoned housing projects since 2023, says Nga

news

Updated:
  • The Ministry of Housing revived over 1,500 sick housing projects, benefiting 188,525 units.
  • The M101 Skywheel project, now KL360 @ Menara GD, was successfully rescued after being stalled.
  • The initiative aims to ensure homebuyers' investments are protected and projects are completed on time.
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