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Glomac’s 3Q net profit nearly triples amid increased property development activities

Glomac’s 3Q net profit nearly triples amid increased property development activities

news

Updated:
  • Glomac Bhd's net profit surged to RM5.18 million in 3QFY2026, nearly tripling from RM1.95 million.
  • Revenue also nearly doubled to RM64.59 million, driven by strong property development contributions.
  • Group plans to launch new residential phases worth RM256 million, supported by a robust development pipeline.
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Strata law needs revamping as urbanisation progresses

Strata law needs revamping as urbanisation progresses

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Updated:
  • The article discusses the evolution of strata communities and the need for updated governance models.
  • It highlights issues like unfair management fees and the developer's role in ensuring sustainability.
  • Urgent reforms are necessary to address these challenges and adapt to modern urban living needs!
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Dengkil Corridor: How evidence-led site selection turns industrial property into infrastructure

Dengkil Corridor: How evidence-led site selection turns industrial property into infrastructure

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Updated:
  • Our industrial property market is evolving beyond simple land sales to focus on operational reliability.
  • Serious operators now prioritise site selection based on utilities, workforce, and logistics before pricing.
  • The Dengkil Corridor exemplifies this shift, offering a well-connected area with proven fundamentals.
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Penthouse at Aman Residences Dubai sold for AED422m, despite regional tensions

Penthouse at Aman Residences Dubai sold for AED422m, despite regional tensions

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Updated:
  • A penthouse at Aman Residences Dubai sold for AED422 million, marking a record sale.
  • Despite war, Dubai's real estate transactions continue, with over 2,100 sales recorded recently.
  • However, transaction volumes have decreased significantly compared to pre-war weeks.
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Reweaving cultural tapestry: Shin Tseng’s blueprint for the living city

Reweaving cultural tapestry: Shin Tseng’s blueprint for the living city

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Updated:
  • Shin Tseng of Urban Agenda Design views old buildings as cultural hosts rather than mere assets.
  • Formerly known as Kompleks Pejabat Damansara, The Five is now a unique working environment.
  • Tseng's projects, like REXKL and Semua House, aim to connect heritage with modern needs.
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Rising residential demand in Setapak spurs continual incoming high-rise supply

Rising residential demand in Setapak spurs continual incoming high-rise supply

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Updated:
  • Setapak, a suburb of Kuala Lumpur, is experiencing a surge in high-rise housing demand.
  • Major developers like Platinum Victory and SkyWorld are launching projects, catering to various demographics
  • The area's rich history and connectivity, along with educational institutions, continue to attract many.
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Do properties near stations really command a premium?

Do properties near stations really command a premium?

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Updated:
  • Malaysia's urban transport strategy has focused on enhancing transit connectivity in the Klang Valley.
  • Proximity to transit stations can influence property values, but it's not the only factor for price growth.
  • Transit destinations tend to have the strongest impact when it connects residents directly to employment.
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REIT index hits three-month low after Malaysia ends decade-long withholding tax perk

REIT index hits three-month low after Malaysia ends decade-long withholding tax perk

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Updated:
  • REITs on Bursa Malaysia suffered significant losses after tax benefits were removed, dropping 3.45%.
  • The Bursa Malaysia REIT Index fell to its lowest since December 2025.
  • Analysts warn that the new tax framework may deter foreign investment.
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Berjaya Property appoints Johor princess Tunku Aminah as chairman after more than two years of vacancy

Berjaya Property appoints Johor princess Tunku Aminah as chairman after more than two years of vacancy

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Updated:
  • Berjaya Property Bhd has appointed Tunku Tun Aminah Sultan Ibrahim as its new chairman.
  • This role had been vacant for over two years, following Tun Richard Malanjum's retirement.
  • Tunku Aminah also chairs multiple companies and holds shares in Berjaya Rail.
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Rivertree plans diversification into management of centralised labour quarters to stabilise earnings

Rivertree plans diversification into management of centralised labour quarters to stabilise earnings

news

Updated:
  • Rivertree STF Synergies Bhd plans to manage centralised labour quarters to stabilise earnings.
  • They signed an agreement to develop up to four quarters with a capacity of 28,800 beds in Klang Valley.
  • This asset-light model aims to reduce risks from property development and enhance financial sustainability.
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Glomac’s 3Q net profit nearly triples amid increased property development activities