HGD marks Penang milestone with fully sold Balik Pulau commercial breakout

HGD marks Penang milestone with fully sold Balik Pulau commercial breakout

news

Updated:
  • Heng Guan Development has launched the Balik Pulau Commercial Centre, valued at RM18.3 million.
  • All units were sold to a single buyer for a supermarket before construction began.
  • The developer aims to expand its community-scale projects across northern Malaysia.
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Malaysian REITs may have more downside ahead, CGS International flags

Malaysian REITs may have more downside ahead, CGS International flags

news

Updated:
  • Malaysian REITs are facing share price corrections due to the loss of withholding tax perks.
  • CGS International downgraded the sector to "neutral," citing underestimated valuation impacts.
  • Future investor focus will shift to DPU growth and asset quality amid rising tax burdens.
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Kommons Realty marks awards night recognising top performers and outlines growth targets

Kommons Realty marks awards night recognising top performers and outlines growth targets

news

Updated:
  • Kommons Realty held its Awards Night 2026 on April 8, celebrating achievements from 2025.
  • Eugene Wong was named Top Producer, while 80 RENs were recognised as Top Performers.
  • The company aims for RM62 million in revenue and plans to expand its sales force to 600 RENs in 2026.
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Triterra marks 10 years in KL with sold-out music showcase at The MET Corporate Towers, Mont’Kiara

Triterra marks 10 years in KL with sold-out music showcase at The MET Corporate Towers, Mont’Kiara

news

Updated:
  • The inaugural Rentak Music Celebration marked Triterra's 10th anniversary with a nostalgic 80s and 90s concert.
  • Minister Hannah Yeoh emphasised the need for collaboration between govt and private sectors for city reforms.
  • The event showcased local talent and aimed to enhance K'Ls cultural vibrancy, reflecting Triterra's vision.
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Knight World Realty, Bricksmania Asset Management ink MOU to bridge property listings gap

Knight World Realty, Bricksmania Asset Management ink MOU to bridge property listings gap

news

Updated:
  • Knight World Realty and Bricksmania Asset Management signed an MOU to enhance Malaysia's property market.
  • This partnership leverages Knight World's quality listings to support Bricksmania's investor needs.
  • Their collaboration aims to improve investment efficiency and create sustainable value for clients.
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Samaiden completes RM45.5 mil acquisition of 185.57ha Teluk Intan land for utility-scale solar farm

Samaiden completes RM45.5 mil acquisition of 185.57ha Teluk Intan land for utility-scale solar farm

news

Updated:
  • Samaiden Group Bhd has acquired 185.57 hectares of agricultural land in Teluk Intan for RM45.5 million.
  • The land will be developed into a utility-scale solar farm, enhancing solar project feasibility.
  • Funding for the acquisition came from bank borrowings and internal funds.
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Property developer Gold Li launches IPO at 13 sen to mainly fund Johor projects

Property developer Gold Li launches IPO at 13 sen to mainly fund Johor projects

news

Updated:
  • Gold Li Holdings Bhd has launched its IPO on Bursa Malaysia's ACE Market, aiming to raise RM19.5 million.
  • The IPO offers 117 million new shares at 13 sen each, representing a 25.5% stake in the company.
  • The application period ends on May 5, with a listing date set for May 18!
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Gather Properties marks 12-year milestone with gala celebration, high performers rewarded

Gather Properties marks 12-year milestone with gala celebration, high performers rewarded

news

Updated:
  • Gather Properties Sdn Bhd celebrated its 12th anniversary with a gala night attended by 900 negotiators.
  • Event recognised top performers with various awards and highlighted the importance of digital content.
  • Looking ahead, the company aims to enhance its ecosystem through technology and innovation.
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Selangor govt clarifies status of Permatang Kumbang land in Puchong

Selangor govt clarifies status of Permatang Kumbang land in Puchong

news

Updated:
  • Selangor Menteri Besar Amirudin Shari clarified that a 168-acre land in Puchong is not a forest reserve.
  • The land was degazetted in 1926 and has been deemed unsuitable for development due to its slope.
  • He said MBSJ stands by the decision that the land is unsafe for commercial or residential development.
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KLCCP’s sukuk programme upsized to RM4 bil

KLCCP’s sukuk programme upsized to RM4 bil

news

Updated:
  • KLCCP Stapled Group upsized its sukuk programme to RM4 billion from RM3 billion on April 16.
  • A RM500 million tranche was issued with a 10-year tenure and a 3.86% profit rate.
  • KLCCP units rose 0.22% to RM9.17, valuing the company at RM16.6 billion.
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HGD marks Penang milestone with fully sold Balik Pulau commercial breakout