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MRMA appoints Derek Teh as chairman for association

MRMA appoints Derek Teh as chairman for association

news

Updated:
  • Derek Teh Wan Wei is the new chairman of the Malaysian REIT Managers Association.
  • He aims to promote M-REITs as a recognised income asset class.
  • The MRMA represents 20 M-REITs listed alongside two additional unlisted REITs.
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Kerjaya Prospek bags RM529.3 mil Bukit Tunku villa contract from BRDB

Kerjaya Prospek bags RM529.3 mil Bukit Tunku villa contract from BRDB

news

Updated:
  • Kerjaya Prospek secured a RM529.32 mil residential development contract.
  • The project in Taman Duta includes 146 units and common facilities.
  • It will boost revenue and earnings from 2026 to 2029.
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Nestcon ventures into property development with RM95 mil Iskandar Puteri land buy

Nestcon ventures into property development with RM95 mil Iskandar Puteri land buy

news

Updated:
  • Nestcon Bhd will acquire three Johor land parcels for RM95 mil, entering property development.
  • The company plans a mixed commercial and residential project with an estimated GDV of RM1.371 bil.
  • Shareholders will vote on this acquisition and business diversification at an upcoming EGM.
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MBSB sees retail sales moderating in 2026

MBSB sees retail sales moderating in 2026

news

Updated:
  • MBSB expects retail sales to moderate to 5.5% in 2026, down from 6.1%.
  • Distributive trade surged by 15.3% in April 2026, driven by wholesale and motor vehicles.
  • However, inflation and subsidy changes may make consumers more cautious.
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Bandar Bukit Raja emerges as key industrial growth node in Klang corridor

Bandar Bukit Raja emerges as key industrial growth node in Klang corridor

news

Updated:
  • Klang is a leading industrial hub in Malaysia, with Bandar Bukit Raja as a key growth area.
  • Sime Darby Property is expanding its industrial offerings, focusing on diverse business needs.
  • The region attracts significant investment due to its strategic location and robust infrastructure.
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CIDB appoints Ahmad Farrin as new chief executive

CIDB appoints Ahmad Farrin as new chief executive

news

Updated:
  • Ahmad Farrin Mokhtar is the new CEO of CIDB, effective June 8.
  • He brings diverse experience in policy, enforcement, and development.
  • He shaped CIDB's strategic plan and national construction policy.
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Tropicana Metropark contributes RM5 mil for Taman Batu Tiga mosque in Subang Jaya

Tropicana Metropark contributes RM5 mil for Taman Batu Tiga mosque in Subang Jaya

news

Updated:
  • Tropicana Metropark donated RM5 mil for a new mosque in Subang Jaya.
  • This supports community building and ESG initiatives.
  • The mosque, which will be built on a 1.28-acre site, is designed to accommodate about 2,000 worshippers.
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Highland Towers to be demolished before year end, says MPAJ

Highland Towers to be demolished before year end, says MPAJ

news

Updated:
  • The Highland Towers will be demolished by year-end.
  • A Magistrates’ Court decision approved the Ampang Jaya Municipal Council's plan.
  • The 1993 collapse killed 48 people.
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Rise of ‘branded’ living adds new value to Malaysia’s luxury property landscape

Rise of ‘branded’ living adds new value to Malaysia’s luxury property landscape

news

Updated:
  • The property sector is having a strong rebound, with branded residences emerging as a key growth segment.
  • Asia Pacific leads this trend, driven by rising wealth and a desire for luxury living.
  • Malaysia, particularly Kuala Lumpur, is a pioneer in this market, with Penang and Johor becoming new hubs.
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MRMA appoints Derek Teh as chairman for association