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IWCity extends evaluation of Lim Kang Hoo's merger proposal for the sixth time

IWCity extends evaluation of Lim Kang Hoo's merger proposal for the sixth time

news

Updated:
  • Iskandar Waterfront City Bhd has received a nine-month extension to evaluate a merger proposal until January 2027.
  • This marks the sixth extension since the proposal was first disclosed in September 2023.
  • The proposal aims to consolidate property assets under Ekovest Bhd, with no binding agreement yet in place.
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PropNex showcases more properties for August open house on Aug 22 and 23

PropNex showcases more properties for August open house on Aug 22 and 23

news

Updated:
  • PropNex Malaysia is hosting an open house this weekend.
  • They will showcase 35 properties in Selangor, Kuala Lumpur and Penang.
  • Featured properties include condos, bungalows, and terrace homes.
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SC approves IOI Properties REIT manager’s fund-management application

SC approves IOI Properties REIT manager’s fund-management application

news

Updated:
  • IOI Properties Group Bhd received conditional SC approval for its REIT manager's fund-management.
  • This is a key step for the proposed IOIPG REIT establishment and listing.
  • The REIT will acquire nine properties for RM7.58 bil.
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UEM Sunrise’s 2Q net profit more than doubles to RM46.85m

UEM Sunrise’s 2Q net profit more than doubles to RM46.85m

news

Updated:
  • UEM Sunrise Bhd's 2Q net profit more than doubled to RM46.85 mil.
  • Revenue rose 37% due to strong property development contributions.
  • Sales exceeded the full-year target by 13%.
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S P Setia posts RM98m 2Q profit, secures RM864m sales

S P Setia posts RM98m 2Q profit, secures RM864m sales

news

Updated:
  • S P Setia Bhd reported stable 2Q net profit despite lower revenue.
  • The company secured RM864 mil in sales for the quarter.
  • They also reduced borrowings and maintained disciplined cost management.
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Sime Darby Property signs SPA to buy Wisma Unirazak for RM160m

Sime Darby Property signs SPA to buy Wisma Unirazak for RM160m

news

Updated:
  • Sime Darby Property will acquire Wisma Unirazak for RM160 mil.
  • They plan to redevelop the site into high-rise serviced apartments.
  • The project has an estimated GDV of RM900 mil.
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CHGP, UCSI partner to develop education hub in Melaka waterfront township

CHGP, UCSI partner to develop education hub in Melaka waterfront township

news

Updated:
  • CHGP and UCSI Group are partnering to build an education hub in Melaka.
  • CHGP holds a 30% stake in this joint venture.
  • The school will form the education anchor of CHGP's wider waterfront development.
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Eco Grandeur, UiTM launch community living lab in Puncak Alam

Eco Grandeur, UiTM launch community living lab in Puncak Alam

news

Updated:
  • Eco Grandeur and UiTM Selangor signed an LOI for an urban community living lab.
  • This lab in Puncak Alam will offer health, education, and entrepreneurship programmes.
  • Eco Grandeur will provide the space and cover operational expenses for three years.
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Lagenda’s 2Q net profit rises 25% to RM56.57m

Lagenda’s 2Q net profit rises 25% to RM56.57m

news

Updated:
  • Lagenda Properties' 2QFY2026 net profit rose 25% to RM56.57 mil due to its property development business.
  • Revenue increased 40.8% to RM336.24 million, driven by higher recognition from key projects.
  • The company also declared a 3.5 sen interim dividend and has record unbilled sales.
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IWCity extends evaluation of Lim Kang Hoo's merger proposal for the sixth time