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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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Malaysia's property market stays stable in 1Q2026 with transactions near 90,000 units worth RM51.9b, says JPPH

Malaysia's property market stays stable in 1Q2026 with transactions near 90,000 units worth RM51.9b, says JPPH

news

Updated:
  • Malaysia's property market showed stability in 1Q2026 with 89,966 transactions worth RM51.9 billion.
  • The residential sector dominated, making up 58.8% of transactions, while unsold units increased by 7.6%.
  • Positive government measures and infrastructure developments are expected to support future growth!
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WTEC Group acquires Semenyih industrial building for RM10.8m to consolidate manufacturing ops

WTEC Group acquires Semenyih industrial building for RM10.8m to consolidate manufacturing ops

news

Updated:
  • WTEC Group Bhd is acquiring an industrial building in Semenyih for RM10.80 million to consolidate operations.
  • The purchase will be funded by IPO proceeds and internal funds, with completion expected by 3Q2026.
  • The property, currently leased, will be vacated by the tenant before WTEC takes over for its use.
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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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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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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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Maxland scraps land deals for data centre, district cooling system ventures in Kedah