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AmBank to buy Menara AmBank for RM331m from AmFIRST REIT in related-party deal

AmBank to buy Menara AmBank for RM331m from AmFIRST REIT in related-party deal

news

Updated:
  • AmBank will acquire Menara AmBank from AmFIRST REIT for RM331 million cash.
  • This is a related-party transaction, with AmBank being the anchor tenant.
  • The deal is expected to finalise in 4Q2026, pending approvals.
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EcoFirst 4Q profit slides as KL48 project nears completion

EcoFirst 4Q profit slides as KL48 project nears completion

news

Updated:
  • EcoFirst's 4Q net profit dropped 96.6% to RM485,000 due to lower KL48 project revenue.
  • Full-year net profit fell 35.1% to RM16.16 mil, with revenue down 31.5%.
  • Property investment revenue rose, and EcoFirst plans new launches and landbank expansion.
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PM officiates Maybank’s new headquarters Menara Merdeka Maybank, the world’s second-tallest building

PM officiates Maybank’s new headquarters Menara Merdeka Maybank, the world’s second-tallest building

news

Updated:
  • Maybank launched its new headquarters, Menara Merdeka Maybank, in the world's second-tallest building.
  • The bank occupies 33 floors, housing 7,000 employees and several subsidiaries.
  • PM Datuk Seri Anwar Ibrahim officiated, emphasising integrity and governance for financial institutions.
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Archidex 2026 officially launches, expects 40,000 visitors and RM1.4 bil in transactions

Archidex 2026 officially launches, expects 40,000 visitors and RM1.4 bil in transactions

news

Updated:
  • Archidex 2026 expects 40,000 attendees and RM1.4 bil in transactions.
  • The event features 860 exhibitors from 15 countries.
  • It promotes architectural advancement and innovation.
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Econpile bags RM39.52 mil subcontract for Jalan Awan Besar commercial development

Econpile bags RM39.52 mil subcontract for Jalan Awan Besar commercial development

news

Updated:
  • Econpile's subsidiary secured a RM39.52 mil subcontract.
  • It involves earthworks, piling, and substructure for a commercial project.
  • The project is scheduled for completion within 15 months from July 29, 2026.
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IOI Properties to bring Puchong's first international five-star hotel to RM12 bil IOI Rio City

IOI Properties to bring Puchong's first international five-star hotel to RM12 bil IOI Rio City

news

Updated:
  • IOI Properties will open The Westin Puchong, a five-star hotel, by 2030.
  • This hotel strengthens IOI Properties' recurring income strategy and hospitality portfolio.
  • It will be a key anchor for the RM12 bil IOI Rio City development.
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M40 homeownership falls below B40 as report urges data-driven housing policies

M40 homeownership falls below B40 as report urges data-driven housing policies

news

Updated:
  • M40 homeownership in Malaysia fell below that of the lower-income B40 in 2024, despite record overall rates.
  • A study highlights structural weaknesses and a mismatch between housing supply and demand.
  • Experts urge data-driven policies, integrated databases, and better inter-agency coordination.
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Compugates seeks Federal Court leave in Dengkil JV dispute

Compugates seeks Federal Court leave in Dengkil JV dispute

news

Updated:
  • Compugates Holdings Bhd seeks Federal Court appeal.
  • Concerns a legal dispute involving its joint venture with Main Uptown Sdn Bhd.
  • The dispute is over a mixed development in Dengkil, Selangor.
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Kerjaya Prospek Property details RM2 bil serviced apartment pipeline, backed by 60-acre landbank

Kerjaya Prospek Property details RM2 bil serviced apartment pipeline, backed by 60-acre landbank

news

Updated:
  • Kerjaya Prospek Property Bhd plans RM2 bil in serviced apartments over two years.
  • Its 60-acre landbank has a RM3.8 bil GDV potential.
  • Recurring income from hospitality and retail boosts earnings.
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Atrium REIT’s 2Q net profit rises on ASA5 and rental step‑ups, declares 2.6 sen distribution

Atrium REIT’s 2Q net profit rises on ASA5 and rental step‑ups, declares 2.6 sen distribution

news

Updated:
  • Atrium REIT reported a 25.1% rise in 2Q net profit to RM7.95 mil.
  • This growth was driven by new tenancies and rental increases.
  • The trust declared a 2.60 sen per unit interim distribution.
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AmBank to buy Menara AmBank for RM331m from AmFIRST REIT in related-party deal