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Paramount flags 3%–5% price hike for new launches, keeps RM1.2b sales target

Paramount flags 3%–5% price hike for new launches, keeps RM1.2b sales target

news

Updated:
  • Paramount Corp Bhd anticipates a 10% rise in construction costs and plans a 3% to 5% price increase for new launches.
  • Despite 80% of ongoing project costs being insulated, new launches will face higher pressures due to geopolitical tensions.
  • The company aims for RM1.2 billion in property sales this year, focusing on starter homes amid cautious upgrader demand.
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Cahya Mata posts stronger 1Q earnings as BCCK2 contract drives property development turnaround

Cahya Mata posts stronger 1Q earnings as BCCK2 contract drives property development turnaround

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Updated:
  • Cahya Mata Sarawak Bhd reported a 13.1% revenue increase to RM278.5 million in Q1, driven by infrastructure growth.
  • Profit before tax rose 27.2% to RM34.2 million, but net profit fell 5% due to a prior tax credit.
  • The property development division saw a 341% revenue surge, while the oiltools segment struggled with a 45.7% revenue decline.
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Lingkaran Cekap to implement Genting Highlands road charges in two phases effective May 28 and June 28

Lingkaran Cekap to implement Genting Highlands road charges in two phases effective May 28 and June 28

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Updated:
  • Lingkaran Cekap Sdn Bhd will implement road charges for Genting Highlands starting May 28, 2026.
  • Charges vary by vehicle class, with cars paying RM5 and heavy lorries RM25 at entry points.
  • Permanent residents can register for discounted rates and a season pass for unlimited access starting June 28.
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Sunsuria posts lower first-half earnings as project completions weigh on revenue

Sunsuria posts lower first-half earnings as project completions weigh on revenue

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Updated:
  • Sunsuria Bhd reported lower revenue and earnings for the first half of its financial year.
  • Revenue declined 16.1% to RM238.65 million, while profit before tax fell 42.4% to RM21.51 million.
  • The group is expanding its pipeline with the KL City Gateway acquisition amid rising cost pressures.
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Mitraland, RHB partner on green financing scheme for SMEs

Mitraland, RHB partner on green financing scheme for SMEs

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Updated:
  • Mitraland Group has partnered with RHB Bank to launch an SME Green Building Financing Scheme.
  • This initiative supports businesses investing in sustainable properties, offering financing for various needs.
  • Eligible buyers can access preferential financing for two GreenRE-certified developments until December 31, 2026.
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Valiram Group completes acquisition of stake in Lendlease’s assets

Valiram Group completes acquisition of stake in Lendlease’s assets

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Updated:
  • Valiram Group has acquired a 40% stake in The Exchange TRX mall and 60% in TRX Campus office.
  • Lendlease has fully divested its office stake and reduced its mall stake to 20%.
  • Valiram aims to collaborate on future real estate projects, though specific plans were not disclosed.
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Johor a cost-efficient data centre alternative to Singapore — Moody’s

Johor a cost-efficient data centre alternative to Singapore — Moody’s

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Updated:
  • Johor, Malaysia, is emerging as a cost-effective alternative to Singapore for data centre investments.
  • Abundant land, power infrastructure, and investment incentives attract hyperscalers like Microsoft and Oracle.
  • However, Malaysia must invest in power generation and grid upgrades to support growing data centre demand.
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Office recovery leads Malaysia's property recalibration in 1Q2026

Office recovery leads Malaysia's property recalibration in 1Q2026

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Updated:
  • Malaysia's property market is recalibrating, with Kuala Lumpur's office sector showing signs of recovery.
  • Prime office rents rose 1.3% in 1Q2026, while vacancy rates tightened significantly.
  • The Malaysian House Price Index rose 1.7% y-o-y to 235.2 points.
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Sime Darby more than triples quarterly earnings on one-off MVV land sale

Sime Darby more than triples quarterly earnings on one-off MVV land sale

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Updated:
  • Sime Darby Bhd's 3Q earnings surged 238.9% to RM654 mil, boosted by a RM434 mil land sale gain.
  • Revenue fell 3.4% to RM15.75 bil, impacted by lower industrial equipment sales in Malaysia.
  • The group maintains cautious full-year guidance amid ongoing market pressures and geopolitical tensions.
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Paramount flags 3%–5% price hike for new launches, keeps RM1.2b sales target