GuocoLand posts first quarterly loss in four years on inventory write-down

GuocoLand posts first quarterly loss in four years on inventory write-down

news

Updated:
  • GuocoLand (Malaysia) Bhd reported its first quarterly net loss in four years, totaling RM6.21 million.
  • Revenue increased by 57.17% to RM151.77 mil but profit fell 45.83% for the first nine months of FY2026.
  • Company plans to focus on completing ongoing projects and managing costs amid rising inflationary pressures.
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KPKT studying Option to Purchase to allow buyers to withdraw before signing SPA, curb abandoned housing

KPKT studying Option to Purchase to allow buyers to withdraw before signing SPA, curb abandoned housing

news

Updated:
  • The Housing and Local Govt Ministry is proposing an Option to Purchase clause to curb abandoned projects.
  • This clause allows buyers and developers to cancel commitments before signing the SPA.
  • The initiative aims to improve Malaysia's housing system and achieve zero sick projects by 2030.
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E&O completes RM691m The Meg in Andaman Island, Penang

E&O completes RM691m The Meg in Andaman Island, Penang

news

Updated:
  • Eastern & Oriental Bhd has completed The Meg, its first project in Andaman Island, Penang.
  • The development aims to create a sustainable community for 30,000 residents by 2030.
  • E&O plans to enhance Andaman Island's vibrancy with new commercial offerings by 2027.
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PropNex Malaysia sets Asean and Asia records with largest paid real estate sales masterclass

PropNex Malaysia sets Asean and Asia records with largest paid real estate sales masterclass

news

Updated:
  • PropNex Malaysia set an Asean and Asia record for the Largest Paid Real Estate Sales Masterclass!
  • The event featured 803 participants and 23 millionaire speakers over three days in Kuala Lumpur.
  • The program has produced 54 millionaires, showcasing its effectiveness in real estate training.
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Pavilion REIT posts higher 1Q2026 DPU on stronger NPI growth

Pavilion REIT posts higher 1Q2026 DPU on stronger NPI growth

news

Updated:
  • Pavilion REIT reported strong 1Q2026 results with a 12.4% rise in distributable income to RM110.3 mil.
  • Gross revenue increased 7.8% to RM245.9 mil, driven by improved retail asset performance.
  • The REIT anticipates continued support from tourism campaigns and retail activations in the coming months.
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UDA to absorb costs of RM12.5 mil to provide rental discounts, moratoriums to ease MSME burden — Steven Sim

UDA to absorb costs of RM12.5 mil to provide rental discounts, moratoriums to ease MSME burden — Steven Sim

news

Updated:
  • UDA Holdings Bhd will absorb RM12.5 mil to support MSMEs facing rising costs.
  • The measures include rental discounts and a moratorium on rental payments until December 2026.
  • This initiative follows a call from the PM to reduce rental rates for government agency properties.
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Majestic Gen’s Gen Sphere in JB achieves 100% take-up

Majestic Gen’s Gen Sphere in JB achieves 100% take-up

news

Updated:
  • Majestic Gen Bhd's Gen Sphere apartments in Johor achieved 100% take-up since its July 2025 launch.
  • The project, valued at RM837 mil, includes 996 residences priced from RM609,000.
  • Located near key transport links, it reflects the city's growth and the demand for modern living spaces.
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Coronade Properties breaks ground on Coronation Square Mall in Johor Bahru

Coronade Properties breaks ground on Coronation Square Mall in Johor Bahru

news

Updated:
  • Coronade Properties has launched Phase 2 of Coronation Square in Johor, featuring a new mall.
  • CapitaLand Investment will advise on retail, while The Ascott Ltd will manage the hotel component.
  • There will be support for Singaporean retailers expanding into Johor Bahru.
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Pavilion REIT launches Pavilion Loves Sustainability EcoHub

Pavilion REIT launches Pavilion Loves Sustainability EcoHub

news

Updated:
  • Pavilion REIT launched the Pavilion Loves Sustainability initiative during Sustainability Week 2026.
  • The program promotes recycling and sustainable habits, featuring donation bins and reverse vending machines.
  • It has diverted 188.6 tonnes of food waste, producing 17.6 tonnes of organic fertiliser for shoppers.
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S P Setia to unveil Balinese-inspired Damaira homes in Semenyih

S P Setia to unveil Balinese-inspired Damaira homes in Semenyih

news

Updated:
  • S P Setia Bhd will launch Damaira, a Balinese-inspired enclave of homes in Setia Mayuri this month.
  • The project features 54 semidee houses priced from RM1.47 mil to RM2.27 mil, with eco-friendly features.
  • Setia Mayuri offers various amenities, including parks, shops, and schools, enhancing community living.
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