Malaysia emerges as world's No 2 digital FDI destination — and property markets in KL, Johor and Penang are set to feel it, says report

Malaysia emerges as world's No 2 digital FDI destination — and property markets in KL, Johor and Penang are set to feel it, says report

news

Updated:
  • Malaysia is now the second-largest developing economy for digital foreign direct investment, after India.
  • Demand for high-quality office space is rising due to the growth of knowledge-based jobs in digital sector.
  • However, there is a significant gap in certified office space, presenting both a challenge and an opportunity.
Read More
Toy maker Milolo to open five outlets in Peninsular Malaysia in two years

Toy maker Milolo to open five outlets in Peninsular Malaysia in two years

news

Updated:
  • Milolo Bhd plans to open five retail outlets in Malaysia over the next two years.
  • The company aims for regional expansion into Thailand, Indonesia, China, and Singapore within three years.
  • Milolo expects to sustain growth despite minor global shipping impacts and aims to list on the ACE Market.
Read More
268 houses built under Sinar Lestari for those in need to date, says minister

268 houses built under Sinar Lestari for those in need to date, says minister

news

Updated:
  • The Sinar Lestari programme has built 268 houses for the underprivileged in Malaysia.
  • Each house costs RM80,000, with ongoing efforts to reach a target of 374 homes.
  • Beneficiaries also receive grants and support to improve their livelihoods, enhancing their quality of life.
Read More
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

news

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.
Read More
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

news

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

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

news

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

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

news

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.
Read More
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

news

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.
Read More
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

news

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.
Read More
Bites
Malaysia emerges as world's No 2 digital FDI destination — and property markets in KL, Johor and Penang are set to feel it, says report