Curated stories and property intelligence, delivered your way.
Curated stories and property intelligence, delivered your way. Get free newspaper
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

news

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.
Read More
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.
Read More
Varia to jointly develop mixed development project in Putrajaya

Varia to jointly develop mixed development project in Putrajaya

news

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.
Read More
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

news

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.
Read More
Chow urges tighter monitoring of Penang development projects

Chow urges tighter monitoring of Penang development projects

news

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

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

news

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.
Read More
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

news

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.
Read More
Inta Bina bags RM227 mil contract for mixed development in Klang

Inta Bina bags RM227 mil contract for mixed development in Klang

news

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.
Read More
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.
Read More
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

news

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.
Read More
Bites