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Why are RM300,000-and-below ‘affordable homes’ still unsold?

Why are RM300,000-and-below ‘affordable homes’ still unsold?

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Updated:
  • Malaysia faces a housing paradox: affordable homes remain unsold.
  • This is due to location, product, and financing mismatches.
  • A coordinated effort is needed from all stakeholders to fix this issue.
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Farlim seeks nod to redirect RM20.9m of Gopeng land-sale proceeds

Farlim seeks nod to redirect RM20.9m of Gopeng land-sale proceeds

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Updated:
  • Farlim Group seeks approval to reallocate RM20.92 mil from land-sale proceeds.
  • Funds will support property developments and increase working capital.
  • This move reduces reliance on loans for new projects.
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Kerjaya Prospek bags RM223 mil Johor Bahru contract from Sunway Majestic

Kerjaya Prospek bags RM223 mil Johor Bahru contract from Sunway Majestic

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Updated:
  • Kerjaya Prospek secured a RM223 mil contract for a Johor Bahru SOHO project.
  • This boosts their year-to-date wins to RM2.4 bil, exceeding their 2026 target.
  • The project includes 1,012 SOHO units and will positively impact earnings through 2029.
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Sunway REIT 2Q realised profit rises 10%

Sunway REIT 2Q realised profit rises 10%

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Updated:
  • Sunway REIT's 2Q realised profit rose 10.3% to RM106.5 million, driven by strong retail performance.
  • Revenue increased 4.2% to RM220.3 million, with NPI up 5.2% to RM163 mil.
  • The trust declared a 6.28 sen per unit distribution, payable Sept 11.
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MOF: Govt to tighten oversight of building material imports

MOF: Govt to tighten oversight of building material imports

news

Updated:
  • Malaysia will tighten oversight on imported building materials.
  • This protects consumers and ensures fair competition for local businesses.
  • New measures include stricter import controls and inspections.
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Southern Score Builders' unit bags RM105 mil Puncak Alam data centre subcontract works

Southern Score Builders' unit bags RM105 mil Puncak Alam data centre subcontract works

news

Updated:
  • Southern Score Builders' subsidiary secured a RM105 mil data centre contract.
  • The project in Puncak Alam, Selangor, starts July 2026.
  • It will boost company earnings from FY2027 onwards.
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Sime Darby Property tops out Kanopi Residences at Elmina City Centre

Sime Darby Property tops out Kanopi Residences at Elmina City Centre

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Updated:
  • Sime Darby Property topped off Kanopi Residences in Elmina City Centre.
  • The 36-storey project registered a 90% take-up rate.
  • It offers 499 units and many wellness facilities.
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DutaLand seeks shareholders’ nod to end Olympia joint development arrangement over RM1.917b Kenny Heights land

DutaLand seeks shareholders’ nod to end Olympia joint development arrangement over RM1.917b Kenny Heights land

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Updated:
  • DutaLand seeks to end a joint development with Olympia Industries for Kenny Heights land.
  • This termination, valued at RM1.917 bil, allows independent development of parcels.
  • The move is expected to boost DutaLand's net assets by RM290.3 mil.
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Rivertree STF seeks shareholders’ nod for RM46.29 mil acquisitions, RM12.97 mil disposal

Rivertree STF seeks shareholders’ nod for RM46.29 mil acquisitions, RM12.97 mil disposal

news

Updated:
  • Rivertree STF Synergies Bhd (RSSB) plans to acquire two property firms for RM46.288 mil.
  • They will also dispose of another company for RM12.972 mil to reshape their pipeline.
  • These moves aim to expand RSSB's property development business and project portfolio.
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