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FT minister files police reports over Taman Segar freehold conversion claims

FT minister files police reports over Taman Segar freehold conversion claims

news

Updated:
  • Two police reports were filed over allegations of changing land status in Taman Segar, Cheras.
  • Minister Hannah Yeoh denied the claims, calling them slander and stating no such announcement was made.
  • She urged police to investigate and is considering legal action against those spreading false information.
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UEM Sunrise maintains profitability in 1QFY2026, posts RM22.5m PBT as property development revenue grows 24%

UEM Sunrise maintains profitability in 1QFY2026, posts RM22.5m PBT as property development revenue grows 24%

news

Updated:
  • UEM Sunrise Bhd reported a profit before tax of RM22.49 million for Q1 2026, with revenue at RM347.71 mil.
  • Despite a 16.7% y-o-y revenue decline due to lower land sales, property development revenue rose by 24%.
  • The company aims for a sales target of RM1.3 bil and a gross development value of RM2.2 bil for FY2026.
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Kerjaya Prospek secures two contracts worth RM102.6 mil from E&O unit

Kerjaya Prospek secures two contracts worth RM102.6 mil from E&O unit

news

Updated:
  • Kerjaya Prospek Group Bhd has secured two contracts worth RM102.6 mil in Penang.
  • The contracts will enhance its order book to RM4.4 bil and provide earnings visibility for one to two years.
  • Analysts have a 'buy' rating on the stock, with a target price averaging RM3.12 per share.
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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

news

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

news

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%

news

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

news

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

news

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

news

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

news

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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FT minister files police reports over Taman Segar freehold conversion claims