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Jeffrey Cheah: Sunway not a bully, will walk away if IJM bid is rejected

Jeffrey Cheah: Sunway not a bully, will walk away if IJM bid is rejected

news

Updated:
  • Sunway Bhd will withdraw its takeover bid for IJM Corp if shareholders do not accept by early April.
  • Founder Tan Sri Dr Jeffrey Cheah emphasised that IJM shareholders are free to decide on the offer.
  • “There is a lot of noise out there, but I stress that there is no compulsory acquisition."
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HCK Capital's RM600 mil Cheras JV turns unconditional

HCK Capital's RM600 mil Cheras JV turns unconditional

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Updated:
  • HCK Capital Group's joint venture for a Cheras land development is now unconditional as of April 16.
  • The project, with a gross development value of RM600 million, involves TESB and landowner BD.
  • Construction must start within two years and be completed within five.
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YNH Construction faces winding-up petition from LHDN over RM7.21 mil in unpaid taxes

YNH Construction faces winding-up petition from LHDN over RM7.21 mil in unpaid taxes

news

Updated:
  • YNH Property subsidiary, YNH Construction, received a winding-up petition for unpaid taxes of RM7,210,064.77.
  • The hearing is set for July 16, 2026, and the company was unaware of the petition until April 14, 2026.
  • YNH Property expects no immediate financial impact and is working on a settlement with LHDN.
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Sunway closes Australian property unit after nearly seven years of dormancy

Sunway closes Australian property unit after nearly seven years of dormancy

news

Updated:
  • Sunway Bhd's subsidiary, SPAPL, was deregistered by ASIC on April 6, 2026.
  • The entity, incorporated in 2019, remained dormant and never conducted business.
  • The deregistration has no financial impact on Sunway or its stakeholders.
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Careplus sells off property development unit Centro Heights

Careplus sells off property development unit Centro Heights

news

Updated:
  • Careplus Group Bhd is selling its entire stake in Centro Heights Sdn Bhd for RM3.8 million.
  • The deal involves seven buyers, including related parties, and aims to streamline assets.
  • Proceeds will support working capital, while Careplus will continue operations under a rental agreement.
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Kajang sees growing home values, driven by master-planned townships

Kajang sees growing home values, driven by master-planned townships

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Updated:
  • Kajang's property prices are rising faster than the national average, driven by population growth.
  • The Setia Alamsari township features eight parks and offers various home types, attracting affluent buyers.
  • The "Generasi Baru" campaign aims to educate new homebuyers on property trends and financial planning.
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S P Setia set to launch RM75.43m GDV of Ferrous Finale homes in Alam Impian

S P Setia set to launch RM75.43m GDV of Ferrous Finale homes in Alam Impian

news

Updated:
  • S P Setia Bhd will launch 70 units of Ferrous Finale homes in Alam Impian on April 18, valued at RM75.43 mil.
  • They feature sustainable elements and access to amenities, including LakePoint Club and retail options.
  • Homebuyers can benefit from incentives during the Raya sales campaign, including cash rewards for bookings.
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Chin Hin proposes JV with Fiamma Holdings for mixed commercial development in Kuala Lumpur

Chin Hin proposes JV with Fiamma Holdings for mixed commercial development in Kuala Lumpur

news

Updated:
  • Chin Hin Group Property Bhd announced a joint venture with Fiamma Holdings Bhd for a Kuala Lumpur project.
  • BKG Development will acquire 70% of Sinaran Urusjuta Sdn Bhd, diluting FHB's stake to 30%.
  • The project, estimated at RM1.36 billion, includes serviced apartments and retail space.
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Builders enjoy strong 2026 start, but warn of margin risks on unpriced new launches

Builders enjoy strong 2026 start, but warn of margin risks on unpriced new launches

news

Updated:
  • Builders in Kuala Lumpur are optimistic for 2026, but rising costs pose risks to new projects.
  • CGS International said ongoing projects are secure, yet new developments may face profit margin pressures.
  • Companies like Sime Darby and Eco World are well-positioned for growth despite potential cost challenges.
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Malaysia, Singapore expediting JS-SEZ initiative, exploring green tech cooperation

Malaysia, Singapore expediting JS-SEZ initiative, exploring green tech cooperation

news

Updated:
  • Malaysia and Singapore are expediting the Johor-Singapore Special Economic Zone (JS-SEZ) implementation.
  • They are exploring cooperation in green technologies like carbon capture and storage.
  • Initiative aims to enhance economic complexity and create better opportunities for youth in both countries.
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