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S P Setia posts RM108m PBT in 1QFY2026, cuts borrowings by RM500m as deleveraging gains pace

S P Setia posts RM108m PBT in 1QFY2026, cuts borrowings by RM500m as deleveraging gains pace

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Updated:
  • S P Setia Bhd reported a profit before tax of RM108 mil and revenue of RM826 mil for 1Q.
  • Net profit came in at RM58 mil due to fewer land sales and unrealised foreign exchange losses.
  • The group aims to achieve FY2026 sales of RM4.6 bil while transitioning to an integrated real estate player.
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UDA launches Johor project Residensi Mutiara with homes from RM548,700

UDA launches Johor project Residensi Mutiara with homes from RM548,700

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Updated:
  • UDA Holdings Bhd has launched Residensi Mutiara in Johor, with townhomes starting at RM548,700.
  • The project features sustainable elements and aims to enhance homeownership opportunities by 2029.
  • It offers family-friendly designs, security, and incentives like low down payments to attract buyers.
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KPKT expands Rahmah Cement Scheme under RMK13, cuts prices by up to 30%

KPKT expands Rahmah Cement Scheme under RMK13, cuts prices by up to 30%

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Updated:
  • The Housing and Local Government Ministry has expanded the Rahmah Cement Scheme, offering subsidised cement.
  • Initiative aims to support affordable housing projects amid rising construction costs due to global crises.
  • A total of 1.6 mil metric tonnes of cement is allocated to help build 500,000 affordable homes over 5 years.
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Mah Sing rolls out 1-2-3 Campaign with homebuyer perks across 12 projects nationwide

Mah Sing rolls out 1-2-3 Campaign with homebuyer perks across 12 projects nationwide

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Updated:
  • Mah Sing Group Bhd has launched its 1-2-3 Campaign, offering incentives for homebuyers.
  • The campaign includes financial support, maintenance fee assistance, and a gold coin reward.
  • Homebuyers can benefit from these offers across 12 projects nationwide until October 31!
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Sunway Property kicks off AI-powered traffic upgrade at Persiaran Kewajipan roundabout

Sunway Property kicks off AI-powered traffic upgrade at Persiaran Kewajipan roundabout

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Updated:
  • Sunway Property has started traffic improvement works at the Persiaran Kewajipan roundabout.
  • The project includes AI traffic lights and lane widening to ease congestion in Subang Jaya.
  • This initiative is part of a larger investment exceeding RM100 mil to enhance connectivity in the area.
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KRI calls for sustainable housing financing as debt pressures weigh on middle-income households

KRI calls for sustainable housing financing as debt pressures weigh on middle-income households

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Updated:
  • Housing financing needs a sustainable approach due to long mortgage tenures burdening middle-income families.
  • Rising house prices have led to longer loans, reducing financial flexibility and increasing debt.
  • Clearer distinctions in housing policies, better market planning are essential for addressing affordability.
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Property valuation firm manager loses over RM505,000 in investment scam

Property valuation firm manager loses over RM505,000 in investment scam

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Updated:
  • A 67-year-old woman lost over RM505,000 to a fake share investment scheme she found on Facebook.
  • She made 61 transactions after being persuaded to join the scheme via WhatsApp.
  • Police advise verifying investment offers with official sources before making transactions.
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Vizione secures RM65.6 mil job for Sentul project, first major win since terminating RM1.24 bil contracts

Vizione secures RM65.6 mil job for Sentul project, first major win since terminating RM1.24 bil contracts

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Updated:
  • Vizione Holdings' subsidiary secured a RM65.62 mil contract for a residential project in Kuala Lumpur.
  • This marks their first major win after ending two large projects worth RM1.24 bil last year.
  • The new development includes a 30-storey block with 322 units and is set for completion in 24 months.
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Malaysia launches Asia Pac Urban Agenda Platform to streamline city development regionally

Malaysia launches Asia Pac Urban Agenda Platform to streamline city development regionally

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Updated:
  • Malaysia has launched the Asia Pacific Urban Agenda Platform (AP-UAP) to enhance regional urban cooperation.
  • This initiative aims to transform fragmented urban efforts into a structured, action-driven framework across 58 countries.
  • Nga emphasised the need for urgent global action to address the housing crisis affecting 2.8 billion people.
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Only 5% of govt projects categorised as ‘sick’, says Ahmad Maslan

Only 5% of govt projects categorised as ‘sick’, says Ahmad Maslan

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Updated:
  • Only 44 out of 851 government projects are classified as sick, according to Deputy Minister Ahmad Maslan.
  • Delays are mainly due to contractor weaknesses in scheduling and cash flow management.
  • The total value of ongoing projects is RM49.5 billion, with 351 projects completed and in the defect liability period.
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