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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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'Happiness' on paper: The unseen struggles behind Malaysia's housing law overhaul

'Happiness' on paper: The unseen struggles behind Malaysia's housing law overhaul

news

Updated:
  • Malaysia's Housing Minister Nga Kor Ming links national success to citizen happiness.
  • However, proposed property law changes create a gap between this aspiration and lived reality.
  • The withdrawn URA Bill 2025 raised concerns about property rights and homeowner protections.
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Ann Joo unit sells 62.4-acre Gurun industrial plot to Zichen Malaysia for RM119.6 mil

Ann Joo unit sells 62.4-acre Gurun industrial plot to Zichen Malaysia for RM119.6 mil

news

Updated:
  • Ann Joo Resources is selling 62.395 acres in Kedah for RM119.59 mil.
  • The sale is through its subsidiary GHIP and partner Transyear to Zichen Malaysia.
  • Ann Joo expects a RM42.3 mil gain from this land disposal.
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Over 1,000 shopping malls to provide recycling facilities by end-2026 — Nga

Over 1,000 shopping malls to provide recycling facilities by end-2026 — Nga

news

Updated:
  • Over 1,000 malls will get recycling facilities by year-end.
  • This Cabinet decision aims to boost solid waste management.
  • It also promotes a circular economy in Malaysia.
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Citaglobal completes private placement; Berjaya Corp unit becomes substantial shareholder

Citaglobal completes private placement; Berjaya Corp unit becomes substantial shareholder

news

Updated:
  • Citaglobal completed its private placement with new shares listed on Bursa Malaysia.
  • Berjaya Securities became a substantial shareholder, acquiring 8.64% of Citaglobal.
  • This subscription will not materially affect BCorp's financials.
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Chin Hin Group Property extends Johor JDA conditional period to December 9

Chin Hin Group Property extends Johor JDA conditional period to December 9

news

Updated:
  • Chin Hin Group Property Bhd extended a joint development agreement.
  • Conditions for the project were not fully met by the deadline.
  • The new conditional period ends on Dec 9, 2026 following the original expiry.
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Beyond property listings: building the right relationship with a real estate agent

Beyond property listings: building the right relationship with a real estate agent

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Updated:
  • A real estate director emphasises client-agent relationship quality.
  • Punctuality, rapport, and clear communication are crucial for success.
  • Agents offer more than viewings; use their market knowledge.
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Varia signs agreement to jointly develop RM250 mil residential project in Bandar Seri Alam

Varia signs agreement to jointly develop RM250 mil residential project in Bandar Seri Alam

news

Updated:
  • Varia Bhd's subsidiary will co-develop a 645-unit housing project in Johor Bahru.
  • This project has an estimated GDV of RM250 mil.
  • Profits will be shared equally with the landowner, Seri Alam Properties.
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IJM Land delivers Nexus Phase 1 in Seremban 2, now 85% sold

IJM Land delivers Nexus Phase 1 in Seremban 2, now 85% sold

news

Updated:
  • IJM Land began handing over Nexus Phase 1, a commercial hub in Seremban 2.
  • This phase, with 166 shop offices, has an 85% take-up rate.
  • The project aims to serve growing residential areas and ensure lasting commercial appeal.
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