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Hektar REIT to buy, lease back school campus for RM125 mil

Hektar REIT to buy, lease back school campus for RM125 mil

news

Updated:
  • Hektar REIT plans to acquire an international school campus in Kuala Lumpur for RM125 million!
  • The deal includes a leaseback arrangement with KYS College, allowing them to operate the school for 99 years.
  • Acquisition aims to diversify Hektar's portfolio and is expected to enhance its asset value and rental yield.
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AME Elite posts record full-year profit of RM284m, declares seven sen dividend

AME Elite posts record full-year profit of RM284m, declares seven sen dividend

news

Updated:
  • AME Elite Consortium Bhd reported a record net profit of RM283.97 mil for FY2026, tripling FY2025's profit.
  • Revenue surged 59.39% to RM970 mil, driven by strong industrial property demand and land sales.
  • The company declared a total dividend of 13 sen per share for FY2026.
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LSH Capital posts lower 2Q earnings on higher tax expenses, softer property contributions

LSH Capital posts lower 2Q earnings on higher tax expenses, softer property contributions

news

Updated:
  • LSH Capital Bhd reported a 13.8% drop in 2Q net profit due to higher taxes and lower property contributions.
  • Net profit fell to RM18.6 mil, while revenue decreased by 6.7% to RM99.45 mil.
  • The group is expanding its project pipeline and remains optimistic about future growth.
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Rehda WP Kuala Lumpur unveils new leadership for 2026–2028 term

Rehda WP Kuala Lumpur unveils new leadership for 2026–2028 term

news

Updated:
  • Rehda Wilayah Persekutuan has elected a new committee for 2026–2028 at its AGM in Wisma Rehda.
  • Datuk David Lim Boon Huat leads the new team, which includes various office bearers and committee members.
  • The association aims to uphold its objectives and promote sustainable growth in the property industry.
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Tropicana launches Live+ campaign with homeownership incentives across selected projects

Tropicana launches Live+ campaign with homeownership incentives across selected projects

news

Updated:
  • Tropicana Corp Bhd has launched the Live+ campaign, enhancing homeownership incentives.
  • The campaign runs until Dec 31, 2026, with seasonal prizes and multiple entries for purchasers.
  • Prizes include luxury travel, golf memberships, and homeownership savings, along with financing incentives.
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Mesiniaga, I-Bhd to develop central residential AI platform

Mesiniaga, I-Bhd to develop central residential AI platform

news

Updated:
  • Mesiniaga Bhd and I-Bhd are developing an AI-powered platform called Luma for i-City in Selangor.
  • Luma aims to integrate various systems into a single network, enhancing safety and living experiences.
  • This innovative platform is expected to be the first of its kind globally.
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Petra launches SuRIA Home initiative with solar rebates up to RM3,000 for domestic users

Petra launches SuRIA Home initiative with solar rebates up to RM3,000 for domestic users

news

Updated:
  • The SuRIA Home initiative aims to help Malaysians reduce electricity bills via rooftop solar installations.
  • A budget of RM150 mil will provide rebates of RM600 per kWac, up to RM3,000, for eligible users.
  • The program is set to benefit 45,000 to 50,000 homes and starts accepting rebate claims on June 1, 2026.
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DRB-HICOM 1Q2026 PBT more than doubles to RM192.4m; property segment revenue falls 70.2%

DRB-HICOM 1Q2026 PBT more than doubles to RM192.4m; property segment revenue falls 70.2%

news

Updated:
  • DRB-HICOM's property segment saw a 70.2% revenue drop to RM13.89 mil in 1Q2026 due to reduced activity.
  • Despite this, overall revenue rose 15.7% to RM4.76 bil, driven by mobility, banking, and postal sectors.
  • The group anticipates a moderate outlook for 2026, focusing on cost efficiency and digitalisation.
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CHGP 1QFY26 revenue rises 15.6% to RM241.7m, driven by strong execution and cash generation

CHGP 1QFY26 revenue rises 15.6% to RM241.7m, driven by strong execution and cash generation

news

Updated:
  • Chin Hin Group Property Bhd reported strong 1Q results for FY26, with revenue up 15.6% to RM241.7 million.
  • The property development segment drove performance, contributing 96.4% of total revenue.
  • An interim dividend of 1.0 sen per share was declared, reflecting the group's solid cash position.
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Aspen clarifies RM818 mil bid for Batu Kawan Industrial Park 2

Aspen clarifies RM818 mil bid for Batu Kawan Industrial Park 2

news

Updated:
  • Aspen Group CEO Datuk M Murly said there were no proposed deductions from the RM818 mil bid.
  • The PDC assessed the bid at RM500 mil, citing costs for infrastructure that Aspen disputes.
  • Aspen calls for an independent review of the proposal process.
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Hektar REIT to buy, lease back school campus for RM125 mil