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YTL Corp’s property and construction divisions support 3QFY2026 revenue growth as net profit declines

YTL Corp’s property and construction divisions support 3QFY2026 revenue growth as net profit declines

news

Updated:
  • YTL Corp Bhd reported a 3.4% revenue increase to RM7.57 bil for 3QFY2026, despite a 24.7% drop in net profit.
  • Performance was bolstered by property and construction, but utilities and telecommunications struggled.
  • YTL Corp anticipates continued satisfactory performance, driven by existing orders and growth in data centres.
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Sime Darby Property commits RM100 mil to JV as RM798.3 mil Bukit Kerayong land acquisition moves ahead

Sime Darby Property commits RM100 mil to JV as RM798.3 mil Bukit Kerayong land acquisition moves ahead

news

Updated:
  • Sime Darby Property will invest RM100 mil in a JV with SD Guthrie.
  • This funds the acquisition of 1,021.93 acres for an industrial corridor.
  • The land is strategically located near key logistics infrastructure.
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Four EkoCheras house owners lose bid for extra late damages after signing settlement, rules Appeals Court

Four EkoCheras house owners lose bid for extra late damages after signing settlement, rules Appeals Court

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Updated:
  • An appellate court overturned a lower court's LAD verdict.
  • Purchasers waived rights by signing settlement letters.
  • The developer is discharged of liability for LAD.
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Sunway MCL consortium tops S$2.1 bil bid for Singapore Bayshore site

Sunway MCL consortium tops S$2.1 bil bid for Singapore Bayshore site

news

Updated:
  • A consortium, including Sunway MCL, bid S$2.1 bil for a Singapore land site.
  • This bid was 5.8% higher than the second-highest offer.
  • The site will be a mixed-use development with residential and commercial space.
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GDB secures preferred liquidators as 8 Conlay developer Damai City wound up

GDB secures preferred liquidators as 8 Conlay developer Damai City wound up

news

Updated:
  • GDB Holdings Bhd's subsidiary was informed of a winding-up order for 8 Conlay developer Damai City Sdn Bhd.
  • This order followed a petition by TSL Victory Sdn Bhd under the Companies Act 2016.
  • GDB seeks to recover over RM140 mil from Damai City Sdn Bhd.
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Rivertree to finalise three more Klang Valley CLQ projects within nine months

Rivertree to finalise three more Klang Valley CLQ projects within nine months

news

Updated:
  • Rivertree STF expects to sign contracts for three more CLQs in Klang Valley soon.
  • This follows their first project, a 9,000-bed facility in Kapar, Klang.
  • The company prioritises Klang Valley due to high demand for worker accommodation.
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Rivertree STF unit bags RM168 mil contract for workers’ quarters in Klang

Rivertree STF unit bags RM168 mil contract for workers’ quarters in Klang

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Updated:
  • Rivertree STF secured a RM168.14 mil contract for a 9,000-bed centralised labour quarters facility.
  • Its subsidiary, RSSB Builders, will design and construct the Q Centre @ Teratai.
  • This project is part of a larger RM600 mil worker accommodation plan.
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Senai Airport City expands AI footprint with new Taiwan tech factory

Senai Airport City expands AI footprint with new Taiwan tech factory

news

Updated:
  • Senai Airport City (SAC) is expanding its advanced manufacturing ecosystem.
  • SAC to host Priver Technology's new manufacturing facility.
  • Priver Technology has more than 40 years of experience in precision and intelligent manufacturing solutions.
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SkyWorld breaks ground on first Vietnam project in Binh Duong near Ho Chi Minh City

SkyWorld breaks ground on first Vietnam project in Binh Duong near Ho Chi Minh City

news

Updated:
  • SkyWorld Development Bhd launched SkySOLIS, its first project in Vietnam.
  • The project is located in Lái Thiêu Ward, Thuan An City, Binh Duong Province, Vietnam, near Ho Chi Minh City.
  • The project introduces a "Healthy Home" concept and QLASSIC quality system.
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PTL Properties opens sales gallery for 664-unit The Rimbun in Bukit Mertajam

PTL Properties opens sales gallery for 664-unit The Rimbun in Bukit Mertajam

news

Updated:
  • PTL Properties opened the sales gallery for The Rimbun townhouse development in Penang.
  • Indicative prices start from RM400,000, with various layouts and amenities.
  • The sales gallery opening drew over 1,000 visitors and featured many activities.
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