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IJM to sell hypermarket building in Sandakan to tenant Econsave for RM47.5m

IJM to sell hypermarket building in Sandakan to tenant Econsave for RM47.5m

news

Updated:
  • IJM Corp is selling a hypermarket in Sandakan to Econsave for RM47.5 mil.
  • The sale aims to unlock property value and optimise capital allocation, with RM46 mil for working capital.
  • The property is currently under a tenancy agreement with supermarket chain Bataras Sdn Bhd.
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Singapore ultra-wealthy population to grow 46% in next five years; buying power for luxury homes falls

Singapore ultra-wealthy population to grow 46% in next five years; buying power for luxury homes falls

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Updated:
  • Apac region is becoming a major wealth hub, with Singapore's UHNWI population rising significantly.
  • Despite a decline in buying power for luxury homes, demand for prime properties remains strong.
  • Region's wealth growth is driven by entrepreneurship and expanding economies, particularly in Southeast Asia.
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Varia to jointly develop mixed development project in Putrajaya

Varia to jointly develop mixed development project in Putrajaya

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Updated:
  • Varia Bhd has proposed a joint mixed development project in Putrajaya with UMLand and KGFC.
  • Varia will develop the project on a 6.82-acre site, funding it through various means.
  • Varia will receive 84.12% of the net profit, with project details to be finalised by a committee.
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Tanco seeks shareholder approval for RM88.5 mil Port Dickson Free Zone land acquisition

Tanco seeks shareholder approval for RM88.5 mil Port Dickson Free Zone land acquisition

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Updated:
  • Tanco Holdings Bhd seeks shareholder approval to acquire 300 acres in Port Dickson for RM88.5 mil.
  • First phase of the Port Dickson Free Zone development is projected to cost RM250 mil with a GDV of RM350 mil.
  • This acquisition aims to enhance Tanco's presence in the industrial property sector.
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Chow urges tighter monitoring of Penang development projects

Chow urges tighter monitoring of Penang development projects

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Updated:
  • The State Executive Council in Penang has been directed to enhance monitoring of development projects.
  • Chief Minister Chow Kon Yeow emphasised timely project completion to benefit the people.
  • He acknowledged potential delays due to technical issues but stressed the importance of visible progress.
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LRT derailment: Track to resume operations by June 3, says Loke

LRT derailment: Track to resume operations by June 3, says Loke

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Updated:
  • A train derailment on the Ampang/Sri Petaling LRT line occurred near Chan Sow Lin Station on May 28.
  • Transport Minister Loke announced that operations should resume by June 3 after repairs and an investigation.
  • An independent task force will investigate the cause, including potential human error or system failure.
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AYER Holdings posts strong 1QFY2026 with 137% revenue growth, 233% rise in profit

AYER Holdings posts strong 1QFY2026 with 137% revenue growth, 233% rise in profit

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Updated:
  • Ayer Holdings reported a 137% revenue increase to RM42.7 mil in 1QFY2026, driven by property and plantation.
  • AYER said its diversified business model is expected to continue providing resilience.
  • The group remains cautiously optimistic for FY2026, focusing on sustained growth amid external uncertainties.
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Inta Bina bags RM227 mil contract for mixed development in Klang

Inta Bina bags RM227 mil contract for mixed development in Klang

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Updated:
  • Inta Bina Group Bhd secured a RM227.08 mil contract for a mixed commercial project in Klang.
  • The project includes serviced apartments, retail spaces, and infrastructure, starting June 15, 2026.
  • This win boosts Inta Bina's order book to RM1.7 bil, reflecting strong demand in the Klang Valley market.
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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

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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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Golden Village Properties marks completion of 112-unit Residensi Pauh Harmoni development in Penang

Golden Village Properties marks completion of 112-unit Residensi Pauh Harmoni development in Penang

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Updated:
  • Golden Village Properties celebrated the completion of Residensi Pauh Harmoni with a key handover event.
  • This affordable housing project features 112 units and aims to support families in the B40 and M40 income groups.
  • GVP emphasised community building and infrastructure improvements as part of their commitment to quality.
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IJM to sell hypermarket building in Sandakan to tenant Econsave for RM47.5m