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Muhibbah Engineering bags RM120m job for Penang LRT project from Gamuda

Muhibbah Engineering bags RM120m job for Penang LRT project from Gamuda

news

Updated:
  • Muhibbah Engineering secured a RM120 million subcontract for the Penang LRT Mutiara Line project.
  • Work involves designing and installing noise barriers, starting this month and expected to finish by 3Q2030.
  • This contract will positively impact the company's earnings and net assets in the coming years!
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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

news

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

news

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

news

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

news

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

news

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

news

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

news

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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S P Setia set to launch RM75.43m GDV of Ferrous Finale homes in Alam Impian

S P Setia set to launch RM75.43m GDV of Ferrous Finale homes in Alam Impian

news

Updated:
  • S P Setia Bhd will launch 70 units of Ferrous Finale homes in Alam Impian on April 18, valued at RM75.43 mil.
  • They feature sustainable elements and access to amenities, including LakePoint Club and retail options.
  • Homebuyers can benefit from incentives during the Raya sales campaign, including cash rewards for bookings.
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Chin Hin proposes JV with Fiamma Holdings for mixed commercial development in Kuala Lumpur

Chin Hin proposes JV with Fiamma Holdings for mixed commercial development in Kuala Lumpur

news

Updated:
  • Chin Hin Group Property Bhd announced a joint venture with Fiamma Holdings Bhd for a Kuala Lumpur project.
  • BKG Development will acquire 70% of Sinaran Urusjuta Sdn Bhd, diluting FHB's stake to 30%.
  • The project, estimated at RM1.36 billion, includes serviced apartments and retail space.
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Muhibbah Engineering bags RM120m job for Penang LRT project from Gamuda