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Minister says need to keep tabs on 22 'sick' projects in Sabah

Minister says need to keep tabs on 22 'sick' projects in Sabah

news

Updated:
  • Twenty-two federal projects in Sabah are delayed, needing close monitoring.
  • Land issues and poor contractor performance cause these delays.
  • A task force may address land problems, and contractors could be replaced.
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Varia signs agreement to jointly develop RM250 mil residential project in Bandar Seri Alam

Varia signs agreement to jointly develop RM250 mil residential project in Bandar Seri Alam

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Updated:
  • Varia Bhd's subsidiary will co-develop a 645-unit housing project in Johor Bahru.
  • This project has an estimated GDV of RM250 mil.
  • Profits will be shared equally with the landowner, Seri Alam Properties.
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IJM Land delivers Nexus Phase 1 in Seremban 2, now 85% sold

IJM Land delivers Nexus Phase 1 in Seremban 2, now 85% sold

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Updated:
  • IJM Land began handing over Nexus Phase 1, a commercial hub in Seremban 2.
  • This phase, with 166 shop offices, has an 85% take-up rate.
  • The project aims to serve growing residential areas and ensure lasting commercial appeal.
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Sime Darby Property's new fund to give RM62 mil annual profit boost by 2H2027 — HLIB

Sime Darby Property's new fund to give RM62 mil annual profit boost by 2H2027 — HLIB

news

Updated:
  • Sime Darby Property's new fund could generate RM62 mil in annual profit by 2H2027.
  • The RM1.25 bil fund will invest in data centres and logistics projects.
  • It has secured capital commitments from major investors.
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Penang to seek DOE report on Jelutong landfill rehabilitation, reclamation projects, says CM Chow

Penang to seek DOE report on Jelutong landfill rehabilitation, reclamation projects, says CM Chow

news

Updated:
  • Penang will get a DOE report before deciding on the Jelutong landfill project.
  • The Chief Minister stated the EIA process is ongoing, not finalised.
  • He also clarified that Penang's cash reserves rose from a 2025 surplus, not land tax hikes.
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Tanco tanks as MD sells shares, brother snaps them up

Tanco tanks as MD sells shares, brother snaps them up

news

Updated:
  • Tanco Holdings' MD sold 24.63 million shares for RM38.29 mil.
  • This sale occurred as Tanco's share price sharply declined.
  • His brother bought shares at a lower price during this period.
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Tanco suffers another limit-down, losing streak wipes out nearly RM6b from market cap

Tanco suffers another limit-down, losing streak wipes out nearly RM6b from market cap

news

Updated:
  • Tanco Holdings Bhd shares fell sharply for the fourth consecutive day.
  • The stock dropped 30%, triggering a short selling suspension.
  • An executive director bought shares amid the decline.
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Knight Frank: Real estate records RM78.2b investment in 2025 amid 86.7% surge in private equity

Knight Frank: Real estate records RM78.2b investment in 2025 amid 86.7% surge in private equity

news

Updated:
  • Malaysia saw record RM426.7 billion in approved investments in 2025.
  • Private capital, including UHNWIs, dominated global real estate investments.
  • This trend is driven by faster decisions and higher risk tolerance.
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IGB completes Johor Southkey land deal, announces buy-back, board changes, AGM outcomes

IGB completes Johor Southkey land deal, announces buy-back, board changes, AGM outcomes

news

Updated:
  • IGB Bhd completed a land acquisition in Johor Bahru for a joint venture.
  • The company also repurchased 30,000 of its own shares.
  • All resolutions were passed at the annual general meeting.
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