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High-rise shift in Klang Valley: where mid-income upgraders can find new projects

High-rise shift in Klang Valley: where mid-income upgraders can find new projects

news

Updated:
  • The Klang Valley is seeing a rise in high-rise developments as urban households face challenges in upgrading.
  • Trend is driven by demand for affordable mid-market housing, particularly in the RM500,000–RM1 million range.
  • Key locations are emerging with larger unit options, catering to families and upgraders.
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MRCB profit holds steady at RM73.2m PBT as new project wins offset 27% revenue drop from LRT3 taper

MRCB profit holds steady at RM73.2m PBT as new project wins offset 27% revenue drop from LRT3 taper

news

Updated:
  • MRCB reported a revenue of RM1.20 billion for FY2025, down 27% from the previous year due to project completions.
  • The Engineering division led with RM944.8 million in revenue, while property sales rose 11% to RM927.4 million, driven by Australian developments.
  • MRCB plans RM2.2 billion in domestic launches for 2026, expecting revenue normalisation by 2027.
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Maybank sets May 6 for Merdeka 118 move, anchoring world’s second-tallest building

Maybank sets May 6 for Merdeka 118 move, anchoring world’s second-tallest building

news

Updated:
  • Maybank will officially relocate its head office to Menara Merdeka 118 on May 6.
  • The move involves 33 floors and approximately 7,000 employees, marking a significant milestone.
  • Menara Maybank will be leased back to PNB, ensuring its continued operation as an office property.
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Tanco denies new undisclosed developments behind share price surge, points to Midport Project media coverage

Tanco denies new undisclosed developments behind share price surge, points to Midport Project media coverage

news

Updated:
  • Tanco Holdings Bhd addressed Bursa Malaysia's UMA query regarding its rising share price.
  • The company stated no new corporate developments were known to its board, attributing interest to past milestones.
  • Tanco confirmed compliance with listing requirements and will announce future developments when finalised.
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Zelan's proposed scheme of arrangement receives 100% creditor approval at court-convened meeting

Zelan's proposed scheme of arrangement receives 100% creditor approval at court-convened meeting

news

Updated:
  • Zelan Bhd has secured unanimous creditor approval for its debt restructuring scheme.
  • The company, classified as PN17, has been on Bursa Malaysia's watchlist since late 2025.
  • It will now seek court sanction for the proposed arrangement following the creditors' meeting on April 20.
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MRCB completes acquisition of 80% equity interest in Bukit Jalil Sentral Property, pays RM1.49b to EPF

MRCB completes acquisition of 80% equity interest in Bukit Jalil Sentral Property, pays RM1.49b to EPF

news

Updated:
  • Malaysian Resources Corp Bhd (MRCB) acquired an 80% stake in Bukit Jalil Sentral Property Sdn Bhd.
  • The purchase included a cash payment of RM1.42 billion to the Employees Provident Fund.
  • BJSP is now an indirect wholly-owned subsidiary of MRCB, enhancing its strategic property portfolio.
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SCIB's Ku Chong Hong emerges as Axteria substantial shareholder, appointed executive director

SCIB's Ku Chong Hong emerges as Axteria substantial shareholder, appointed executive director

news

Updated:
  • Ku Chong Hong has acquired a 27.13% stake in Axteria Group Bhd through Atlantis Corporate Sdn Bhd.
  • Woo Wai Onn has exited Axteria after selling his 23.62% stake, while Datuk Abdullah Abdul Mannan and Mok Juan Chek resigned from their positions.
  • Axteria appointed Oh Bang Han as an executive director amid these changes.
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UOB Malaysia unveils RM1b investment commitments to support Johor–Singapore SEZ

UOB Malaysia unveils RM1b investment commitments to support Johor–Singapore SEZ

news

Updated:
  • UOB Malaysia launched new initiatives to support the Johor-Singapore Special Economic Zone.
  • The bank secured over RM1 billion in investor commitments and aims to enhance digital literacy among students.
  • UOB's efforts, in collaboration with key agencies, have facilitated over RM18 billion in foreign direct investment.
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Mudajaya wins appeal, court raises compensation to RM72.2 mil in fund misappropriation case

Mudajaya wins appeal, court raises compensation to RM72.2 mil in fund misappropriation case

news

Updated:
  • Mudajaya Group Bhd won a Court of Appeal ruling, increasing compensation to RM72.2 million.
  • The case involves former employee Michael Chua and misappropriation linked to a RM720 million project.
  • Despite the ruling, Mudajaya expects no significant impact on earnings for FY2026 until full recovery occurs.
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A1 A.K. Koh to acquire Puchong land for RM16.73 mil to develop central region headquarters

A1 A.K. Koh to acquire Puchong land for RM16.73 mil to develop central region headquarters

news

Updated:
  • A.K. Koh Enterprise Sdn Bhd has signed an agreement to buy 1.01 acres of land in Selangor for RM16,728,740.
  • The land carries a leasehold tenure of 99 years expiring on June 24, 2101.
  • The land will be developed into a five-storey commercial building, with construction starting in 3Q2027.
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High-rise shift in Klang Valley: where mid-income upgraders can find new projects