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Sime Darby Property launches industrial lots and factories at Elmina Business Park 2

Sime Darby Property launches industrial lots and factories at Elmina Business Park 2

news

Updated:
  • Sime Darby Property Bhd launched Phases 1A and 1B at Elmina Business Park 2, offering 19 freehold lots.
  • Elmina Business Park 2 spans 600 acres with a total GDV of RM1.72 billion.
  • The development has access via the dedicated Lagong interchange from the Guthrie Corridor.
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SGX-listed InnoTek commits RM16 mil to new Melaka facility to strengthen Southeast Asia presence

SGX-listed InnoTek commits RM16 mil to new Melaka facility to strengthen Southeast Asia presence

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Updated:
  • InnoTek Ltd is investing S$5 million in a new manufacturing facility in Melaka.
  • The 10,000 sq m plant will enhance production of precision metal components.
  • This expansion supports InnoTek's growth in Southeast Asia amid shifts in manufacturing away from China.
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SunCon bags RM1.75 bil contract to build hyperscale data centre in Bandar Serendah, Selangor

SunCon bags RM1.75 bil contract to build hyperscale data centre in Bandar Serendah, Selangor

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Updated:
  • Sunway Construction Group Bhd has secured a RM1.75 billion contract for a data centre in Selangor.
  • Construction will start in 3Q2026 and is expected to finish by 3Q2028.
  • The project will positively impact earnings from 2026 onwards, despite no immediate effects.
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TSiC unit gets six-month extension to complete Melaka industrial land acquisition

TSiC unit gets six-month extension to complete Melaka industrial land acquisition

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Updated:
  • TSiC Bhd's subsidiary BPE Synergy has extended its acquisition of two industrial land parcels in Melaka.
  • The completion deadlines for both parcels have been pushed to October 20, 2026, due to pending state consent.
  • This marks the fourth extension since the acquisition was first announced on August 22, 2025.
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Gamuda bags RM1.72 bil contract to build hyperscale data centre in Port Dickson

Gamuda bags RM1.72 bil contract to build hyperscale data centre in Port Dickson

news

Updated:
  • Gamuda Bhd's subsidiary has secured a RM1.72 billion contract for a data centre in Port Dickson.
  • Construction will start in 2Q2026 and is expected to finish by 1Q2028.
  • This project boosts Gamuda's data centre portfolio, raising its total contract value to over RM3 billion.
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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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