MGB wins RM35m contract to build residential villas in Saudi Arabia

MGB wins RM35m contract to build residential villas in Saudi Arabia

news

Updated:
  • MGB Bhd has secured a RM34.76 million contract to build villas in Jeddah, Saudi Arabia.
  • The contract involves constructing 75 units for the Roshn Group's Marafy Al-Arous project.
  • This deal is expected to enhance MGB's earnings and expand its presence in the region.
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AmFIRST REIT closes FY2026 at highest occupancy since FY2014, portfolio revaluation adds RM14.4 mil as full-year revenue tops RM110 mil

AmFIRST REIT closes FY2026 at highest occupancy since FY2014, portfolio revaluation adds RM14.4 mil as full-year revenue tops RM110 mil

news

Updated:
  • AmFIRST REIT reported a strong financial year ending March 31, 2026, with occupancy at 88.7%.
  • Portfolio's revaluation resulted in a fair value gain of RM14.41 million, raising NAV per unit to RM1.2178.
  • A final income distribution of 1.60 sen per unit was declared, totaling 2.87 sen for FY2026.
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IJM Corp aims to list construction business by 2027, says Kenanga

IJM Corp aims to list construction business by 2027, says Kenanga

news

Updated:
  • IJM Corporation aims to list its construction business by the end of 2027 after fending off a takeover.
  • A board-level committee is overseeing a three-year asset unlocking exercise to boost shareholder value.
  • Kenanga maintains an 'outperform' rating with a target price of RM3.40 for IJM.
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NCM Co’s 2026 Auction Carnival returns on April 28

NCM Co’s 2026 Auction Carnival returns on April 28

news

Updated:
  • Ng Chan Mau & Co will host its sixth Auction Carnival on April 28 in Kuala Lumpur from 10am to 5pm.
  • The event features property, automotive, and art auctions, supporting the Visit Malaysia 2026 campaign.
  • Attendees can enjoy various activities, win prizes, and view original artworks at Art Auction on April 29.
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PropNex offers 19 properties for its April open house

PropNex offers 19 properties for its April open house

news

Updated:
  • This weekend, April 25 and 26, features 19 properties for viewing in Klang Valley and Penang!
  • Highlights include bungalows, terrace homes, and condominiums.
  • Interested buyers can contact agents for viewings of these diverse listings!
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AME REIT closes FY2026 with RM86 mil portfolio revaluation uplift, full-year distributable income rises 13% to RM44.3 mil

AME REIT closes FY2026 with RM86 mil portfolio revaluation uplift, full-year distributable income rises 13% to RM44.3 mil

news

Updated:
  • AME Real Estate Investment Trust (AME REIT) reported a strong financial year ending March 31, 2026.
  • The total revenue increased by 22.4% year-on-year to RM62.33 million.
  • A final income distribution of 2.16 sen per unit has been declared.
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Samchem leases Johor land for RM21m to build chemical storage terminal

Samchem leases Johor land for RM21m to build chemical storage terminal

news

Updated:
  • Samchem Holdings Bhd is leasing land in Johor Bahru to build a bulk liquid storage terminal.
  • The lease agreement for 439,092 sq ft is valued at RM21.08 million and runs until 2051.
  • This facility will enhance Samchem's capacity for chemical storage and distribution.
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Generasi Baru finale at Temasya Glenmarie this Saturday with insights, activities, giveaways

Generasi Baru finale at Temasya Glenmarie this Saturday with insights, activities, giveaways

news

Updated:
  • S P Setia Bhd's Generasi Baru campaign concludes with an event on April 25 at Temasya Glenmarie.
  • Attendees will gain insights on property trends and engage with industry experts and influencers.
  • Pre-registration offers rewards, including treats and a chance to win cash prizes and exclusive merchandise!
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CapitaLand Malaysia Trust posts 22.7% rise in distributable income in 1Q2026, backed by industrial acquisitions and stronger mall performance

CapitaLand Malaysia Trust posts 22.7% rise in distributable income in 1Q2026, backed by industrial acquisitions and stronger mall performance

news

Updated:
  • CapitaLand Malaysia Trust reported RM45.77 million in distributable income for 1Q2026, up 22.7% y-o-y.
  • The growth was driven by industrial acquisitions and strong retail performance, with occupancy at 94.7%.
  • CLMT has a forward purchase agreement for five industrial properties in Johor.
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Sunway REIT seeks unitholders' nod to renew mandate for related-party transactions at 13th AGM

Sunway REIT seeks unitholders' nod to renew mandate for related-party transactions at 13th AGM

news

Updated:
  • Sunway REIT is seeking unitholder approval for recurrent related party transactions at its AGM on May 21.
  • The mandate includes various operational transactions, with estimated revenues of up to RM300 million.
  • The board recommends approval, while key stakeholders will abstain from voting due to conflicts of interest.
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MGB wins RM35m contract to build residential villas in Saudi Arabia