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Y&G triggers another extension for 548-acre Sepang-Kuala Selangor land buy

Y&G triggers another extension for 548-acre Sepang-Kuala Selangor land buy

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Updated:
  • Y&G Corp Bhd has extended the completion period for its Sepang land acquisition to July 6, 2026.
  • The extension was mutually agreed upon by NWSB and NSSB, with all other terms unchanged.
  • This acquisition is part of a larger plan to secure 548.4 acres for RM477 million from related parties.
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RISM's National Real Estate Convention to explore how property industry navigates digital integration

RISM's National Real Estate Convention to explore how property industry navigates digital integration

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Updated:
  • The Royal Institution of Surveyors Malaysia will host its 33rd National Real Estate Convention on April 21.
  • This year's theme focuses on digitalisation and technology's impact on the property industry.
  • RISM aims to reposition surveyors from traditional roles to strategic advisory functions in asset management.
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Plenitude appoints Ng Yoon Thai as new CEO

Plenitude appoints Ng Yoon Thai as new CEO

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Updated:
  • Plenitude Bhd has appointed Ng Yoon Thai as its new CEO, succeeding Ang Kooi Yong.
  • Ng brings over 26 years of experience in property development and project management.
  • Some of the group's development footprints are in Johor, Japan and South Korea.
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Malaysia short-term rental market set to grow even as competition increases

Malaysia short-term rental market set to grow even as competition increases

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Updated:
  • Malaysia's short-term rental sector is set to grow due to regulatory clarity and tourism recovery.
  • Competition will increase as new developments boost supply, according to industry leaders.
  • Travellers are shifting towards non-urban destinations, with domestic demand stabilising the market.
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Gadang sinks into the red in 3Q as construction and property divisions record lower revenue

Gadang sinks into the red in 3Q as construction and property divisions record lower revenue

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Updated:
  • Gadang Holdings Bhd reported a net loss of RM10.38 million for 3QFY2026, down from a profit last year.
  • Revenue fell 33% to RM170.42 million due to lower progress in construction and development projects.
  • The company remains cautious amid geopolitical uncertainties and has not declared a dividend for the quarter.
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HCK Capital's RM600 mil Cheras JV turns unconditional

HCK Capital's RM600 mil Cheras JV turns unconditional

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Updated:
  • HCK Capital Group's joint venture for a Cheras land development is now unconditional as of April 16.
  • The project, with a gross development value of RM600 million, involves TESB and landowner BD.
  • Construction must start within two years and be completed within five.
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YNH Construction faces winding-up petition from LHDN over RM7.21 mil in unpaid taxes

YNH Construction faces winding-up petition from LHDN over RM7.21 mil in unpaid taxes

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Updated:
  • YNH Property subsidiary, YNH Construction, received a winding-up petition for unpaid taxes of RM7,210,064.77.
  • The hearing is set for July 16, 2026, and the company was unaware of the petition until April 14, 2026.
  • YNH Property expects no immediate financial impact and is working on a settlement with LHDN.
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Sunway closes Australian property unit after nearly seven years of dormancy

Sunway closes Australian property unit after nearly seven years of dormancy

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Updated:
  • Sunway Bhd's subsidiary, SPAPL, was deregistered by ASIC on April 6, 2026.
  • The entity, incorporated in 2019, remained dormant and never conducted business.
  • The deregistration has no financial impact on Sunway or its stakeholders.
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Careplus sells off property development unit Centro Heights

Careplus sells off property development unit Centro Heights

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Updated:
  • Careplus Group Bhd is selling its entire stake in Centro Heights Sdn Bhd for RM3.8 million.
  • The deal involves seven buyers, including related parties, and aims to streamline assets.
  • Proceeds will support working capital, while Careplus will continue operations under a rental agreement.
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Kajang sees growing home values, driven by master-planned townships

Kajang sees growing home values, driven by master-planned townships

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Updated:
  • Kajang's property prices are rising faster than the national average, driven by population growth.
  • The Setia Alamsari township features eight parks and offers various home types, attracting affluent buyers.
  • The "Generasi Baru" campaign aims to educate new homebuyers on property trends and financial planning.
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