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Guan Eng, Penang CM clash in state assembly over Batu Kawan land deal

Guan Eng, Penang CM clash in state assembly over Batu Kawan land deal

news

Updated:
  • A confrontation erupted in the Penang assembly as Chief Minister Chow defended rejecting an RM818 million bid.
  • Chow argued the consortium failed to meet conditions and imposed additional costs, including a costly bridge.
  • Lim Guan Eng demanded transparency on the second RFP, leading to a heated exchange.
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Al-'Aqar REIT's RM12 mil disposal of KPJ Healthcare College Penang building turns unconditional

Al-'Aqar REIT's RM12 mil disposal of KPJ Healthcare College Penang building turns unconditional

news

Updated:
  • Al-'Aqar REIT confirmed the sale of its KPJ Healthcare College building in Penang is now unconditional.
  • The final condition of the sale and purchase agreement was met on May 14, 2026, for RM12 mil.
  • This transaction is classified as non-related under Chapter 10 of the Listing Requirements.
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Country Heights subsidiary clears winding-up petition after settling IRB claim

Country Heights subsidiary clears winding-up petition after settling IRB claim

news

Updated:
  • Country Heights Holdings Bhd has resolved a winding-up petition against its subsidiary, CHCD.
  • The High Court dismissed the petition, allowing for a fresh filing and refunding the deposit.
  • CHHB expects no significant impact on its financials or operations for the 2026 fiscal year.
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Maxland scraps land deals for data centre, district cooling system ventures in Kedah

Maxland scraps land deals for data centre, district cooling system ventures in Kedah

news

Updated:
  • Maxland Bhd has canceled land leases in Kedah for a data centre and cooling system due to strategy changes.
  • The company will receive partial refunds of about RM652,745 and RM743,717 from these cancellations.
  • Maxland aims to improve its financial position after reporting a net loss of RM2.72 mil for 1Q2026.
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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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Guan Eng, Penang CM clash in state assembly over Batu Kawan land deal