Chinese businessmen call on Penang state govt to scrap quit rent revision

Chinese businessmen call on Penang state govt to scrap quit rent revision

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Updated:
  • The Penang government is urged to cancel the quit rent revision because of its flawed framework.
  • Concerns include administrative inefficiency and potential investment discouragement, as stated by Datuk Seri Choot Ewe Seng.
  • He advocates for a more objective approach to land taxation with transparency and minimal intervention.
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Scientex’s 2Q earnings rise 9.1% on property, packaging business improvements

Scientex’s 2Q earnings rise 9.1% on property, packaging business improvements

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Updated:
  • Scientex Bhd reported a 9.1% increase in earnings, reaching RM135.2 million for 2QFY2026.
  • The property division saw an 8% rise in operating profit, while packaging profits jumped 16%.
  • Despite growth, the packaging sector faces challenges from geopolitical tensions affecting supply chains.
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Reprice or reset? What pipeline properties tell us about market trends ahead

Reprice or reset? What pipeline properties tell us about market trends ahead

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Updated:
  • The Malaysian property market is recovering but faces challenges like oversupply and affordability issues.
  • Budget 2026 aims to address these concerns, signaling a potential market reset towards sustainable growth.
  • Future developments will focus on affordable housing, with a shift towards high-rise units in key regions.
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Sunway’s RM23m investment expands Cheah Fah school as Johor’s southern corridor evolves into a family destination

Sunway’s RM23m investment expands Cheah Fah school as Johor’s southern corridor evolves into a family destination

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Updated:
  • SJK (C) Cheah Fah has begun its expansion, adding 12 classrooms to accommodate 1,500 students.
  • Sunway has invested RM23 million in the school, emphasising education's role in social mobility.
  • SJK (C) Cheah Fah is one of eight schools nationwide adopted by Sunway and the Jeffrey Cheah Foundation.
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Middle East tensions may delay Malaysia property projects, raise construction costs, says Rehda

Middle East tensions may delay Malaysia property projects, raise construction costs, says Rehda

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Updated:
  • Malaysia may face property project delays and rising costs due to geopolitical tensions.
  • Developers warn that energy prices and material costs could spike, impacting profitability.
  • A recent survey shows 30% expect significant effects on the property sector if tensions escalate.
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Mah Sing signs supplemental agreements for Johor land acquisition

Mah Sing signs supplemental agreements for Johor land acquisition

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Updated:
  • Mah Sing Group's subsidiary has amended terms for acquiring land in Kulai, Johor.
  • The land area increased slightly to 419.17 acres, but the purchase price remains RM273.87 million.
  • The subdivision will now consist of six parcels instead of two, supporting a RM2.26 bil industrial project.
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High debt, low income deter two-thirds of Malaysians from owning properties — Rehda

High debt, low income deter two-thirds of Malaysians from owning properties — Rehda

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Updated:
  • Over two-thirds of Malaysian homebuyers struggle to secure financing due to high debt and low income.
  • A survey revealed that 72% of developers faced financing issues, primarily from bank loan rejections.
  • Gap between income growth and housing prices exacerbates affordability challenges.
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Tropicana launches Raya campaign offering rewards worth over RM2 mil across 10 developments

Tropicana launches Raya campaign offering rewards worth over RM2 mil across 10 developments

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Updated:
  • Tropicana Corp has launched a Hari Raya Aidilfitri sales campaign with over RM2 million in incentives.
  • The Spread the Rezeki Raya Campaign runs until April 18, featuring 10 developments and various rewards.
  • Open house events will be held in Johor, Selangor, and Subang Jaya, promoting community engagement.
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8 Conlay developer appealing GDB’s recovery of RM103 mil in unpaid sums

8 Conlay developer appealing GDB’s recovery of RM103 mil in unpaid sums

news

Updated:
  • GDB Holdings is facing a court appeal from KSK Land over a RM102.8 million payment dispute.
  • The conflict stems from late payments on a RM1.25 billion contract for the 8 Conlay project.
  • Payment issues first emerged in 2022, prompting the contractor to suspend works and commence legal action.
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M Cora and the transit premium: Why Mah Sing’s Penang launch is drawing investor attention

M Cora and the transit premium: Why Mah Sing’s Penang launch is drawing investor attention

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Updated:
  • Mah Sing Group Bhd is advancing its M Cora residential project in Penang, valued at RM528 million.
  • The development, near the future Bandar Sri Pinang LRT station, aims to enhance connectivity, sustainability.
  • Analysts expect it to contribute RM17.1 million annually to earnings from FY2027 to FY2030.
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