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Penang achieves 100% 4G coverage in populated areas — exco

Penang achieves 100% 4G coverage in populated areas — exco

news

Updated:
  • Penang achieved 100% 4G coverage in populated areas as of April, but some gaps remain.
  • The state is working with MCMC to improve connectivity, especially in rural and tourist areas.
  • 5G coverage reached 91.9% and mobile broadband speed averaged 211.9Mbps, exceeding national targets.
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Sime Darby Property’s XME Business Park 2 meets continued industrial demand in Nilai Impian

Sime Darby Property’s XME Business Park 2 meets continued industrial demand in Nilai Impian

news

Updated:
  • Sime Darby Property is expanding its industrial presence in Negeri Sembilan with XME Business Park 2.
  • The project will feature 59 industrial units and is designed for logistics and medium to heavy operations.
  • Demand for customised industrial facilities is rising, reflecting the region's economic growth.
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Penang gov't denies claims Chinese nationals bought homes below MM2H threshold

Penang gov't denies claims Chinese nationals bought homes below MM2H threshold

news

Updated:
  • The Penang government denied claims that Chinese nationals bought homes below the MM2H price threshold.
  • The allegation was based on an inaccurate interpretation of the property transaction data.
  • The Home Ownership Campaign aimed to stimulate the property sector but ended in December 2024.
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1Q2026 property transactions recorded at about 90,000 units, valued at RM51.9 bil — JPPH

1Q2026 property transactions recorded at about 90,000 units, valued at RM51.9 bil — JPPH

news

Updated:
  • Malaysia's property market showed stable activity in 1Q2026, with 89,966 transactions worth RM51.9 billion.
  • Residential properties dominated, making up 58.8% of transactions.
  • Housing priced RM300,000 and below led the market.
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Sentral REIT sees improving occupancy levels as it posts marginal gains for 1Q earnings

Sentral REIT sees improving occupancy levels as it posts marginal gains for 1Q earnings

news

Updated:
  • Sentral REIT reports improved occupancy at 89% and a 1.1% net profit increase for 1Q2026.
  • Revenue rose 2.27% to RM48.54 million, aided by the Arcoris Mont Kiara acquisition.
  • Despite cost pressures, demand for Grade A properties remains steady.
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Encorp, KBI Properties to explore strategic property development opportunities

Encorp, KBI Properties to explore strategic property development opportunities

news

Updated:
  • Encorp Bhd has signed an MOU with KBI Properties to explore property development partnerships.
  • The agreement aims to assess joint strategic initiatives for mutual benefit.
  • Both companies will combine expertise to pursue long-term growth in the improving domestic property market.
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Axis-REIT acquires Shah Alam industrial complex for RM38m in related party deal

Axis-REIT acquires Shah Alam industrial complex for RM38m in related party deal

news

Updated:
  • Axis-REIT is acquiring an industrial complex in Shah Alam for RM38 million from Rubicon Assets Sdn Bhd.
  • The property is fully occupied by three tenants, generating a monthly rental income of RM210,476.75.
  • Post-acquisition, Axis-REIT's financing ratio will rise to 32.84% of audited total assets as at Dec 31, 2025.
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KPKT urges local councils to cut small traders' rents, commends DBKL’s reductions up to 50%

KPKT urges local councils to cut small traders' rents, commends DBKL’s reductions up to 50%

news

Updated:
  • The Housing Ministry urges local authorities to reduce rental rates for business premises until end-2026.
  • This initiative aims to ease costs for hawkers and small traders while promoting economic growth.
  • KPKT commended PBTs like DBKL for implementing rental reductions of up to 50%.
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Sunway REIT posts 10% rise in 1Q profit, retail segment leads recovery

Sunway REIT posts 10% rise in 1Q profit, retail segment leads recovery

news

Updated:
  • Sunway REIT reported a 10% increase in profit before tax to RM114.8 million for 1Q2026.
  • Retail segment excelled with a 10% revenue rise, while the hotel segment faced a 19% decline.
  • Management remains cautiously optimistic, focusing on operational excellence and sustainability.
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PBT tenants in Negeri Sembilan to enjoy 20% rental cut

PBT tenants in Negeri Sembilan to enjoy 20% rental cut

news

Updated:
  • The Negeri Sembilan government will reduce rental fees by 20% for tenants from June to December.
  • This initiative will benefit 5,199 tenants across various local councils, costing RM1.4 million.
  • Additionally, vacant portfolios will be managed by current councillors amid recent political changes.
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Penang achieves 100% 4G coverage in populated areas — exco