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Malaysia stops giving preferential rate for REIT withholding tax

Malaysia stops giving preferential rate for REIT withholding tax

news

Updated:
  • Malaysia will end preferential withholding tax rates on REIT dividends starting in 2026.
  • Individual investors will face standard tax rates, while foreign entities will be taxed at 30%.
  • Despite potential sentiment impacts, Maybank IB notes the sector's yield profile remains attractive.
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REHDA’s UK study tour engages London mayor’s office and Foster + Partners on housing, regeneration and future city models

REHDA’s UK study tour engages London mayor’s office and Foster + Partners on housing, regeneration and future city models

news

Updated:
  • REHDA Institute's AREL Study Tour in the UK aims to enhance Malaysia's real estate knowledge.
  • The delegation, led by industry leaders, focuses on urban regeneration and housing strategies.
  • Insights gained from London’s mayor's office and Gamuda Land's PBSA project.
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Exsim Hospitality seeks to diversify into construction, procurement businesses

Exsim Hospitality seeks to diversify into construction, procurement businesses

news

Updated:
  • Exsim Hospitality Bhd seeks shareholder approval to diversify into construction and procurement activities.
  • The proposed expansion includes general contracting and centralised sourcing of materials.
  • Shareholder approval is required for the diversifications and a new mandate for related party transactions.
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GuocoLand to table privatisation proposal at EGM

GuocoLand to table privatisation proposal at EGM

news

Updated:
  • GuocoLand (Malaysia) Bhd will hold an extraordinary general meeting to discuss privatisation.
  • The proposal involves a capital reduction at RM1.10 per share, affecting 34.97% of shareholders.
  • GLLM plans to delist GuocoLand Malaysia after the privatisation, currently holding 65.03% of shares.
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Axis REIT and Ann Joo mutually terminate Penang industrial property acquisition on unsatisfactory due diligence findings

Axis REIT and Ann Joo mutually terminate Penang industrial property acquisition on unsatisfactory due diligence findings

news

Updated:
  • Axis REIT has terminated the RM800 million acquisition of a property from Ann Joo Steel.
  • Both parties agreed to end the deal without any claims against each other.
  • The acquisition was initially announced in November 2025, involving a lease-back arrangement.
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Malaysia not immune to housing affordability pressures, shifting to targeted reforms — minister

Malaysia not immune to housing affordability pressures, shifting to targeted reforms — minister

news

Updated:
  • Malaysia faces rising housing affordability issues despite a high homeownership rate of 76.5%.
  • Shifting to targeted housing reforms, focusing on long-term liveability and local income benchmarks.
  • Collaboration with global institutions aims to attract talent and address affordability challenges.
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Binastra Corp's 4Q net profit jumps 70% to RM42m amid higher number of projects

Binastra Corp's 4Q net profit jumps 70% to RM42m amid higher number of projects

news

Updated:
  • Binastra Corp Bhd's 4Q net profit climbed nearly 70% to RM42.4 million.
  • Revenue for the quarter rose 77% to RM477.2 million from RM270.2 million.
  • The group plans to sustain growth by efficiently executing its order book and exploring new opportunities.
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Sunway stands firm on IJM bid, citing independent valuations and its own track record

Sunway stands firm on IJM bid, citing independent valuations and its own track record

news

Updated:
  • Sunway Bhd is firm on its RM3.15 per share takeover offer for IJM Corp, citing fair valuations.
  • Founder Tan Sri Dr Jeffrey Cheah stated they won't revise the bid unless they secure 50% plus one share.
  • Sunway aims to create a "national champion" by merging strengths in various sectors.
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Beyond the brewery: Heineken’s production shift highlights rising strategic value of PJ industrial land

Beyond the brewery: Heineken’s production shift highlights rising strategic value of PJ industrial land

news

Updated:
  • Heineken NV is shifting its Singapore operations to focus on logistics and innovation, impacting PJ.
  • The Sungei Way facility will supply to Singapore and Asia-Pacific, with production split across regional hubs.
  • This change is driving a revaluation of industrial land in PJ.
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MBAM calls for urgent support as construction cost pressures escalate

MBAM calls for urgent support as construction cost pressures escalate

news

Updated:
  • MBAM urges immediate action from the government and private sector due to rising costs affecting contractors.
  • They seek tax relief, subsidies, and measures to stabilise supply chains and project continuity.
  • The association calls for collaboration with private clients to ensure project viability amid challenges.
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