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DutaLand and Olympia Industries move to unwind 23-year Sri Hartamas consortium, unlocking RM1.92 bil landbank

DutaLand and Olympia Industries move to unwind 23-year Sri Hartamas consortium, unlocking RM1.92 bil landbank

news

Updated:
  • DutaLand Bhd and Olympia Industries Bhd are terminating a 23-year consortium over land in Kuala Lumpur.
  • Agreed value for the termination is RM1,917.0 mil, with both companies citing differing business directions.
  • Post-termination, they will retain rights of way and must comply with a master development plan.
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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

news

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

news

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

news

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

news

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

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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DutaLand and Olympia Industries move to unwind 23-year Sri Hartamas consortium, unlocking RM1.92 bil landbank