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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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Citaglobal bags RM150m Navy housing contract in Sabah, order book now at RM1.44b

Citaglobal bags RM150m Navy housing contract in Sabah, order book now at RM1.44b

news

Updated:
  • Citaglobal Bhd has secured a RM150 million contract to build military housing in Sabah.
  • The project aims to enhance living standards for Royal Malaysian Navy personnel and is set for completion in 40 months.
  • Citaglobal's order book now totals RM1.44 billion, reflecting recent contract wins in various sectors.
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Aspen Vision City enters next phase with Mezon @ Park Enclave; reinforces Batu Kawan’s township maturity

Aspen Vision City enters next phase with Mezon @ Park Enclave; reinforces Batu Kawan’s township maturity

news

Updated:
  • Aspen (Group) Holdings Ltd has unveiled Mezon @ Park Enclave, a new residential project in Batu Kawan.
  • The development features twin towers with 301 units each, designed for both owners and investors.
  • Strategically located near industrial parks, it aims to meet housing demand linked to Penang's growing manufacturing sector.
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Shangri-La Hotels Malaysia boosts UBN Tower rentals

Shangri-La Hotels Malaysia boosts UBN Tower rentals

news

Updated:
  • Shangri-La Hotels has renewed tenancy agreements for office space at UBN Tower, effective April 2026.
  • The rental rates increased by 3%, generating an expected income of RM6.26 million over three years.
  • The agreements support occupancy and provide a steady income stream without needing shareholder approval.
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Crescendo’s 4Q net profit falls 60% on higher costs, subsidiary losses

Crescendo’s 4Q net profit falls 60% on higher costs, subsidiary losses

news

Updated:
  • Crescendo Corp Bhd's net profit fell 60.1% in Q4 despite a 16% revenue increase due to high operating costs.
  • For FY2026, net profit dropped 82.46% to RM92.27 million, with revenue down 61.33% from the previous year.
  • The company anticipates ongoing demand for industrial properties in Johor, despite global uncertainties and rising costs.
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Works Ministry to conduct impact assessment on rising construction material costs due to West Asia conflict

Works Ministry to conduct impact assessment on rising construction material costs due to West Asia conflict

news

Updated:
  • The Public Works Ministry is assessing mitigation strategies for rising construction costs due to geopolitical tensions.
  • Minister Datuk Seri Alexander Nanta Linggi emphasised the need for a comprehensive, data-driven approach.
  • The government aims to ensure stability in the construction sector while addressing the impact of global factors on costs.
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KWAP also plans to reject Sunway’s offer for IJM shares, sources say

KWAP also plans to reject Sunway’s offer for IJM shares, sources say

news

Updated:
  • KWAP, the third largest shareholder of IJM Corporation, is rejecting Sunway's share offer.
  • The investment panel deemed the offer unfair and undervaluing IJM's potential.
  • Other major shareholders, including EPF and PNB, have also turned down the deal.
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BIMOffice makes strong LEAP Market debut, eyes digital construction growth

BIMOffice makes strong LEAP Market debut, eyes digital construction growth

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Updated:
  • BIMOffice Group Bhd debuted on Bursa Malaysia's LEAP Market at 26.5 sen, rising from 15 sen.
  • The company specialises in digital construction planning using 3D models to enhance project efficiency.
  • Despite rising costs, they maintain a strong order book and see potential for growth in digital solutions.
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Malaysia’s 2026 property inflexion: Early uprising or an infrastructure-led mid-cycle peak?

Malaysia’s 2026 property inflexion: Early uprising or an infrastructure-led mid-cycle peak?

news

Updated:
  • The Malaysian property market is transitioning into a late-stage adjustment phase after a decade of growth.
  • While industrial thrives, the residential market shows signs of fatigue, indicating a selective demand.
  • As 2026 approaches, developers are pivoting strategies to focus on resilience rather than expansion.
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Media Chinese International exits Canada with RM28.6m disposal, marking end of print-era footprint

Media Chinese International exits Canada with RM28.6m disposal, marking end of print-era footprint

news

Updated:
  • Media Chinese International Ltd is selling its Toronto property for CAD$9.9 million after ceasing operations.
  • This sale marks a strategic exit from the Canadian print market, reallocating funds for working capital.
  • Move reflects a broader industry trend of traditional media rationalising assets for better liquidity.
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Rivertree plans diversification into management of centralised labour quarters to stabilise earnings