IGB, developer of Mid Valley City, expects broad growth after 20% rise in 4Q earnings

IGB, developer of Mid Valley City, expects broad growth after 20% rise in 4Q earnings

news

Updated:
  • IGB Bhd reported a 20% net profit increase in 4Q2025, reaching RM99.14 million.
  • Revenue rose 14% to RM499.6 million, driven by strong rental income and home sales.
  • The company anticipates continued growth in 2026, supported by domestic spending and new project launches.
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S P Setia partners Affin Bank for up to 120% home financing campaign

S P Setia partners Affin Bank for up to 120% home financing campaign

news

Updated:
  • S P Setia Bhd has launched a Chinese New Year campaign with Affin Bank, offering 120% financing.
  • Homebuyers can access Shariah-compliant financing with a repayment tenure of up to 35 years.
  • Campaign aims to support homeownership aspirations during the festive season with flexible financing options.
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Mah Sing posts decade-high RM2.51b sales in FY2025, sets RM2.76b target for 2026

Mah Sing posts decade-high RM2.51b sales in FY2025, sets RM2.76b target for 2026

news

Updated:
  • Mah Sing Group Bhd achieved RM2.51 billion in property sales for FY2025, marking a decade-high performance.
  • Company plans to launch RM3.45 billion worth of projects in 2026, targeting Klang Valley, Penang, and Johor.
  • With RM3.24 billion in unbilled sales, Mah Sing is well-positioned for future growth and profitability.
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Glomac COO Zulkifly Garib retires

Glomac COO Zulkifly Garib retires

news

Updated:
  • Glomac Bhd announced the retirement of COO Zulkifly Garib, effective February 27.
  • Zulkifly joined Glomac in 2019 and oversaw key operational aspects during his tenure.
  • The company expressed gratitude for his leadership and wished him well in retirement.
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KSL unveils RM15 bil Riveria Garden township in Johor’s JS-SEZ

KSL unveils RM15 bil Riveria Garden township in Johor’s JS-SEZ

news

Updated:
  • KSL Holdings Bhd has launched the 1,026-acre Riveria Garden township in Iskandar Puteri, Johor.
  • The project, valued at over RM15 billion, aims for long-term growth over 15 to 20 years.
  • The first phase will start in 2026, featuring various residential and commercial units.
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S P Setia beats FY2025 sales target with RM5.11b; pivots to industrial growth and de-gearing

S P Setia beats FY2025 sales target with RM5.11b; pivots to industrial growth and de-gearing

news

Updated:
  • S P Setia Bhd reported RM5.11 billion in sales for FY2025, exceeding its target.
  • Revenue fell to RM4.22 billion, down 20.3% from FY2024, while net profit declined 11.5% to RM509.9 million.
  • The company aims for RM4.6 billion in sales for 2026, focusing on industrial growth.
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OSK Property to launch RM43 mil shop office project in Sungai Petani

OSK Property to launch RM43 mil shop office project in Sungai Petani

news

Updated:
  • OSK Property will launch OSK Yarra 33, a RM43.23 million commercial project in Sungai Petani by 3Q2026.
  • The development includes 33 freehold shop offices priced from RM785,000, catering to modern business needs.
  • Positioned near a hypermarket, it aims to serve 220,000 residents in the area.
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EPF chief says no decision yet on Sunway’s offer for IJM

EPF chief says no decision yet on Sunway’s offer for IJM

news

Updated:
  • EPF is awaiting an independent advice circular before deciding on Sunway's takeover offer.
  • Sunway's proposal values IJM at RM3.15 per share, with a cash-and-share deal structure.
  • IJM shareholders are not obligated to sell, and the offer is open until April 6.
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Twenty-six new train sets for Kelana Jaya LRT expected in 2028—Loke

Twenty-six new train sets for Kelana Jaya LRT expected in 2028—Loke

news

Updated:
  • Twenty-six new trains for the Kelana Jaya LRT line are set to arrive by 2028.
  • Transport Minister Loke emphasised the need for better maintenance strategies for the ageing train sets.
  • The government allocated RM1 billion for this replacement to enhance public transport services.
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S P Setia partners RHB Bank to ease homeownership transition

S P Setia partners RHB Bank to ease homeownership transition

news

Updated:
  • S P Setia has partnered with RHB Bank to enhance home purchasing experiences.
  • Their 'Sign & Prosper' campaign offers new purchasers a rebate of RM3,888.
  • Eligible purchasers can access financing up to 120% for properties valued at RM500,000 and above.
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IGB, developer of Mid Valley City, expects broad growth after 20% rise in 4Q earnings