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CIMB Securities flags diverging outlook between asset classes in Johor

CIMB Securities flags diverging outlook between asset classes in Johor

news

Updated:
  • Johor's property market shows a two-speed trend, says CIMB Securities.
  • Prime industrial land prices in Johor have reportedly risen to RM150 psf from RM70 to RM80 psf in 2024.
  • High-rise residential units face oversupply risks, despite overall growth.
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PMW International invests RM43.76 mil in new Bemban spun pile facility in Perak

PMW International invests RM43.76 mil in new Bemban spun pile facility in Perak

news

Updated:
  • PMW International is building a new concrete pile facility in Perak.
  • This RM43.76 mil project will boost production capacity significantly.
  • Operations are expected to begin in 3Q2027.
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PRISM partners AZRB, UMLand to manage two Malaysian hotel assets

PRISM partners AZRB, UMLand to manage two Malaysian hotel assets

news

Updated:
  • PRISM partners with AZRB and UMLand to manage two Malaysian hospitality assets.
  • They will operate Residence Inn Cherating and Sunday Hotel Near Petronas Twin Tower.
  • These collaborations boost PRISM's growth in Malaysia and Southeast Asia.
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TCS Group proposes 20% share placement, diversification into property development

TCS Group proposes 20% share placement, diversification into property development

news

Updated:
  • TCS Group Holdings proposes a private placement of 152.72 million shares.
  • They also plan to diversify into property development activities.
  • An EGM on August 5 will seek shareholder approval for these changes.
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SDCG unit accepts RM18.5 mil BMS upgrade contract for Klang Valley rail stations

SDCG unit accepts RM18.5 mil BMS upgrade contract for Klang Valley rail stations

news

Updated:
  • SDCG's subsidiary secured an RM18.5 mil contract.
  • It will upgrade building management systems at Klang Valley railway stations.
  • This project spans 24 months, starting July 2026.
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TAFI accepts RM135 mil related-party construction job in Setia Alam

TAFI accepts RM135 mil related-party construction job in Setia Alam

news

Updated:
  • TAFI Home & Office Sdn Bhd secured a RM135 mil contract.
  • It will construct a mixed-use development in Setia Alam, Selangor.
  • This project includes apartments, SOHO units, shops, and retail units.
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TDM: Build-and-sub-lease deal for new KMI Tawau hospital block now unconditional

TDM: Build-and-sub-lease deal for new KMI Tawau hospital block now unconditional

news

Updated:
  • TDM Bhd's hospital expansion agreement is now unconditional.
  • All conditions for the KMI Tawau Medical Centre project are met.
  • The parties will proceed with construction and renovation.
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Titijaya unit granted leave to proceed with judicial review over RM9.6 mil tax assessment

Titijaya unit granted leave to proceed with judicial review over RM9.6 mil tax assessment

news

Updated:
  • Titijaya's subsidiary, SACC, has obtained court leave to proceed with a judicial review.
  • This challenges an additional tax assessment of RM9.596 mil.
  • Titijaya said it remains committed to engaging constructively with the IRB.
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Sime Darby Property commits RM100 mil to JV as RM798.3 mil Bukit Kerayong land acquisition moves ahead

Sime Darby Property commits RM100 mil to JV as RM798.3 mil Bukit Kerayong land acquisition moves ahead

news

Updated:
  • Sime Darby Property will invest RM100 mil in a JV with SD Guthrie.
  • This funds the acquisition of 1,021.93 acres for an industrial corridor.
  • The land is strategically located near key logistics infrastructure.
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