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Malaysia’s ECRL enters testing phase as 519km Kota Bharu-Gombak track completed

Malaysia’s ECRL enters testing phase as 519km Kota Bharu-Gombak track completed

news

Updated:
  • Malaysia's East Coast Rail Link (ECRL) is now in testing after completing track construction.
  • The project is 93% complete, with operations expected to start in early 2027.
  • Full completion is scheduled for late 2026, connecting key regions and enhancing regional connectivity.
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S P Setia launches Kempen Impian Bumiputera with RM285,000 IKEA rewards

S P Setia launches Kempen Impian Bumiputera with RM285,000 IKEA rewards

news

Updated:
  • S P Setia launched Kempen Impian Bumiputera, a homeownership campaign.
  • It offers RM5,000 each in IKEA gift cards to 57 eligible Bumiputera buyers.
  • This campaign runs from July 1 to September 30 nationwide.
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MN Associates anchors growth plan on property talent development, tech integration

MN Associates anchors growth plan on property talent development, tech integration

news

Updated:
  • MN Associates honoured top property professionals at its Golden Recognition Awards 2025.
  • The company emphasises integrity and trust over mere sales achievements for sustainable success.
  • MN Associates aims to develop future leaders and expand its services by 2030.
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KIP REIT gets Bursa approval for placement linked to Setapak Central acquisition

KIP REIT gets Bursa approval for placement linked to Setapak Central acquisition

news

Updated:
  • KIP REIT gained approval for new unit listings to fund its Setapak Central Mall acquisition.
  • This RM435 million purchase will expand KIP REIT's portfolio and boost its assets under management.
  • The acquisition is expected to increase distribution per unit for unitholders.
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ECM Libra enters hotel JV with Plato unit, lines up new management pacts

ECM Libra enters hotel JV with Plato unit, lines up new management pacts

news

Updated:
  • ECMLG formed a joint venture with TPRE for Ormond Group Sdn Bhd (OGSB).
  • OGSB will be 50:50 owned by ECMLG and TPRE after TPRE's share subscription.
  • OGSB also signed hotel management agreements for two properties, generating fee income.
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Glovemaker Careplus offloads retail asset for RM42m in new-energy vehicle pivot

Glovemaker Careplus offloads retail asset for RM42m in new-energy vehicle pivot

news

Updated:
  • Careplus Group plans to sell a Seremban retail complex for RM42 million cash.
  • Proceeds will fund a new-energy vehicle manufacturing hub and repay borrowings.
  • This sale will reduce the group's gearing significantly.
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Sime Darby Property buys Wisma Unirazak for RM160 mil, plans mixed-use project

Sime Darby Property buys Wisma Unirazak for RM160 mil, plans mixed-use project

news

Updated:
  • Sime Darby Property will acquire Wisma Unirazak for RM160 mil from PNB.
  • This related-party deal involves a 15-storey office building for redevelopment.
  • The property is proposed to be redeveloped into serviced apartments with commercial components.
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Construction sector valuation improves on easing Iran war risks, job acceleration — HLIB

Construction sector valuation improves on easing Iran war risks, job acceleration — HLIB

news

Updated:
  • Construction sector valuations are improving due to easing Iran war tensions.
  • Input costs are retreating, boosting developer confidence for new projects.
  • HLIB maintains an 'overweight' stance, expecting accelerated job flows.
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Sime Darby Property records 85% take-up for Tiara Residences 1 launch in Bukit Jelutong

Sime Darby Property records 85% take-up for Tiara Residences 1 launch in Bukit Jelutong

news

Updated:
  • Sime Darby Property launched Tiara Residences 1, achieving an 85% take-up rate.
  • This project offers 59 homes with green spaces and biophilic designs.
  • Future phases and sustainable features are planned for this connected township.
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Malaysia’s ECRL enters testing phase as 519km Kota Bharu-Gombak track completed