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SkyGate Solutions posts RM90m revenue in FY2025; property investment unit anchors recurring income amid development slowdown

SkyGate Solutions posts RM90m revenue in FY2025; property investment unit anchors recurring income amid development slowdown

news

Updated:
  • SkyGate Solutions Bhd reported a 35.1% revenue increase to RM90 million in FY2025, driven by manufacturing.
  • Property development segment saw a revenue drop to RM15.14 mil, attributed to post-pandemic normalisation.
  • Despite higher revenue, group profit before tax fell 47.3% to RM4.64 mil due to increased costs, impairments.
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Vestland plans RM60.4m private placement to fund construction projects

Vestland plans RM60.4m private placement to fund construction projects

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Updated:
  • Vestland Bhd plans to raise RM60.44 mil via a private placement.
  • This funding will support current and future construction projects.
  • The company aims to issue 94.43 million new shares.
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Magma Group launches RM850 mil Wolo Hotel & Residences in Mont’Kiara

Magma Group launches RM850 mil Wolo Hotel & Residences in Mont’Kiara

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Updated:
  • Magma Group launched its Wolo Hotel & Residences, Mont'Kiara KL project.
  • This 60-storey tower has a GDV of RM850 mil.
  • Completion is set for 4Q2030.
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Tropicana Corp launches T Journey hospitality services

Tropicana Corp launches T Journey hospitality services

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Updated:
  • Tropicana Corp's Clarissa Serviced Suites in Langkawi is 20% taken up.
  • This is the final phase of its Tropicana Cenang development.
  • The company also launched its T Journey Hospitality app.
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JLL sees JS-SEZ, data centres supporting Malaysia's long-term property outlook

JLL sees JS-SEZ, data centres supporting Malaysia's long-term property outlook

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Updated:
  • Government policies and digitalisation drive Southeast Asian real estate.
  • Malaysia benefits from the JS-SEZ and digital infrastructure growth.
  • JLL identified the JS-SEZ as one of Southeast Asia's most significant cross-border initiatives.
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How Sungai Nibong could become the blueprint for Penang's rail-led future

How Sungai Nibong could become the blueprint for Penang's rail-led future

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Updated:
  • Penang plans Malaysia's first Inclusive Transit-Oriented Development (ITOD) at Sungai Nibong.
  • This project integrates an LRT station with housing, commercial, and green spaces.
  • It aims to create a sustainable, transit-centric urban district by 2031.
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Nestcon secures RM74.5 mil contract to build affordable apartment block in Kwasa Damansara

Nestcon secures RM74.5 mil contract to build affordable apartment block in Kwasa Damansara

news

Updated:
  • Nestcon Bhd secured a RM74.52 mil contract for an apartment block in Kwasa Damansara, Selangor.
  • Its subsidiary, Nestcon Builders, will construct the 28-storey building.
  • The project starts August 2026 and finishes by January 2029.
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Ahmad Zaki Resources unit hit with fresh winding-up petition over RM3.9mil EKVE claim

Ahmad Zaki Resources unit hit with fresh winding-up petition over RM3.9mil EKVE claim

news

Updated:
  • Ahmad Zaki Resources faces a new winding-up petition over an alleged outstanding payment of RM3.94 mil.
  • This is for works carried out under the East Klang Valley Expressway project.
  • The company is negotiating to resolve the issue amicably.
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S P Setia extends conditional period for RM273.5 mil Beranang land disposal to Mah Sing to Nov 2

S P Setia extends conditional period for RM273.5 mil Beranang land disposal to Mah Sing to Nov 2

news

Updated:
  • S P Setia extended the land sale conditional period to Mah Sing.
  • The new deadline is Nov 2, 2026, for the RM273.51 million deal.
  • This allows more time to meet agreement conditions.
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Bites
SkyGate Solutions posts RM90m revenue in FY2025; property investment unit anchors recurring income amid development slowdown