DPS Resources bets on RM4.36b AGI data centre to unlock Melaka landbank acquired for RM45.6m just three years ago

DPS Resources bets on RM4.36b AGI data centre to unlock Melaka landbank acquired for RM45.6m just three years ago

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Updated:
  • DPS Resources Bhd's subsidiary signed an MoU with Alibaba's affiliate for a US$1.1 bil data centre in Melaka.
  • The project will transform a 253-acre landbank, initially for mixed development, into a data centre hub.
  • This collaboration aims to enhance the land's value and generate long-term income.
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Lagenda Properties posts record RM1.7b sales in FY2025 as revenue clears RM1b milestone

Lagenda Properties posts record RM1.7b sales in FY2025 as revenue clears RM1b milestone

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Updated:
  • Lagenda Properties Bhd achieved record revenue of RM1.053 bil in FY2025, marking a 7% increase.
  • Confirmed sales surged 50% to RM1.7 bil, exceeding the group's sales target.
  • The company enters FY2026 with strong unbilled sales of RM1.6 bil and a sales target of RM1.9 bil.
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Jelajah Harta Tanah Malaysia 2026 kicks off with 400-plus bidders and 84% success rate in Southern Region

Jelajah Harta Tanah Malaysia 2026 kicks off with 400-plus bidders and 84% success rate in Southern Region

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Updated:
  • Ng Chan Mau & Co launched Jelajah Harta Tanah Malaysia 2026, attracting over 400 bidders!
  • The auction series, part of the Visit Malaysia 2026 campaign, featured diverse categories and mixed results.
  • The event also promoted local tourism with prizes and cultural performances, engaging first-time buyers.
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IWCity logs RM43.4m revenue in FY2025 amid regularisation push

IWCity logs RM43.4m revenue in FY2025 amid regularisation push

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Updated:
  • Iskandar Waterfront City Bhd reported a revenue drop to RM43.42 mil for FY2025, down 57.3%.
  • IWCity is implementing a regularisation plan and has completed key projects, including Danga Sutera Phase 3.
  • No dividend was declared for FY2025, and the 57th Annual General Meeting is set for June 24, 2026.
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Chin Hin scraps RM1.15b Taman Connaught deal after ‘unsatisfactory due diligence’

Chin Hin scraps RM1.15b Taman Connaught deal after ‘unsatisfactory due diligence’

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Updated:
  • Chin Hin Group Property Bhd has terminated its RM1.15 billion residential project in Taman Connaught.
  • The termination was due to unmet conditions for development approval within the required timeframe.
  • No compensation will be paid, and both parties are released from obligations under the revoked agreement.
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Ahmad Zaki swings to RM49.7m pre-tax loss in 18-month FPE 2025

Ahmad Zaki swings to RM49.7m pre-tax loss in 18-month FPE 2025

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Updated:
  • Ahmad Zaki Resources Bhd reported a loss before tax of RM49.7 mil for the 18-month period ending Dec 2025.
  • Revenue increased to RM1.046 bil, driven by stronger Engineering and Construction activities.
  • The company faces a material going-concern uncertainty, with liabilities exceeding assets by RM890.3 million.
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GD Holdings revives abandoned M101 Skywheel project with RM1.37b KL360 mixed-use development

GD Holdings revives abandoned M101 Skywheel project with RM1.37b KL360 mixed-use development

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Updated:
  • GD Properties launched KL360, a mixed-use development valued at RM1.37 billion.
  • KL360 is a revival of the abandoned M101 Skywheel project.
  • Construction is set to begin in 2026, with completion expected by 2030, and financing from Bank Rakyat.
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KPS Consortium buys freehold properties for RM45.4 mil in Rawang for investment

KPS Consortium buys freehold properties for RM45.4 mil in Rawang for investment

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Updated:
  • KPS Consortium Bhd plans to acquire three properties in Rawang for RM45.4 mil for investment.
  • The purchases include various factory units and will be financed through cash and bank borrowings.
  • The company recently secured a RM106.96 million construction contract, boosting its order book significantly!
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PNB sets regional benchmark with largest WELL Platinum certified office interiors project

PNB sets regional benchmark with largest WELL Platinum certified office interiors project

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Updated:
  • Permodalan Nasional Bhd achieved WELL Platinum Certification for its office interiors in Southeast Asia.
  • This certification highlights PNB's commitment to health and wellbeing in the workplace.
  • The project involved key partners and complements the WELL Core Platinum Certification of Menara Merdeka 118.
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Dexter Koh Yew Peng elected PAM president for 2026/27 term

Dexter Koh Yew Peng elected PAM president for 2026/27 term

news

Updated:
  • Dexter Koh Yew Peng has been elected as the new president of Pertubuhan Akitek Malaysia (PAM).
  • His first initiative is a Practice Note to guide the construction industry amid supply chain issues.
  • Koh also encouraged local governments to expedite planning and building application approvals.
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