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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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Kerjaya Prospek unit bags RM37.82m Pulau Andaman contract

Kerjaya Prospek unit bags RM37.82m Pulau Andaman contract

news

Updated:
  • Kerjaya Prospek secured a RM37.82 mil contract for a Penang apartment project.
  • The work involves piling and substructure for 922 affordable units.
  • This contract is expected to boost the group's revenue and earnings.
Experts call for greater local gains from data centre growth

Experts call for greater local gains from data centre growth

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Updated:
  • Malaysia aims for data centre expansion to build local capabilities, not just capacity.
  • Mida emphasises lasting value, stronger businesses, and local opportunities.
  • The focus is on sustainable industry growth and high-value employment for Malaysians.
Rehda inks MoUs with MGTC, MCMA to advance sustainable property development

Rehda inks MoUs with MGTC, MCMA to advance sustainable property development

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Updated:
  • Rehda signed MoUs with MGTC and MCMA.
  • These agreements promote sustainable property development and carbon market understanding.
  • The goal is to integrate green tech and ESG practices in real estate.
IJM Land unveils 145-unit Merione Residences in Penang

IJM Land unveils 145-unit Merione Residences in Penang

news

Updated:
  • IJM Land Bhd launched Merione Residences, a 145-unit project in Penang.
  • It follows the full take-up of commercial units at Merione Grand.
  • The development offers various amenities and future transport links.
Hero Market set to anchor Masteron’s 20.97-acre VTown in PJ

Hero Market set to anchor Masteron’s 20.97-acre VTown in PJ

news

Updated:
  • Masteron Sdn Bhd signed an MoU with Hero Market for a new anchor store at VTown.
  • The 20,000 sq ft Hero Market will open in 2028, featuring a large fresh-market section.
  • VTown is a mixed development with residential, retail, and lifestyle components.
Citaglobal unit wins RM82.1m subcontract for IPG residential college

Citaglobal unit wins RM82.1m subcontract for IPG residential college

news

Updated:
  • Citaglobal Land secured an RM82.12 mil subcontract for a college in KL.
  • The project involves designing and building a new residential college.
  • This 22-month project boosts Citaglobal's order book to RM1.5 bil.
Southern Score Builders wins RM180m Melaka hospital job

Southern Score Builders wins RM180m Melaka hospital job

news

Updated:
  • Southern Score Builders' subsidiary secured a RM180 mil contract for a Melaka hospital.
  • Construction starts Oct 2026, finishing May 2028.
  • This project will boost the group's earnings and net assets.
BEDI seeks nod for RM38.87m Sabah acquisitions with RM1.13b remaining GDV

BEDI seeks nod for RM38.87m Sabah acquisitions with RM1.13b remaining GDV

news

Updated:
  • BEDI Bhd seeks approval to acquire two Sabah developers for RM38.87 mil.
  • This adds RM1.13 bil in GDV to its pipeline.
  • The acquisitions are fair, but will increase BEDI's gearing.
YNH extends conditional period for RM170m Sri Hartamas land sale to Dec 31

YNH extends conditional period for RM170m Sri Hartamas land sale to Dec 31

news

Updated:
  • YNH Property Bhd extended its land sale to Sunway Living Space until Dec 31, 2026.
  • This is the sixth extension for the RM170 mil deal.
  • Unfulfilled conditions could lead to agreement termination.
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M40 homeownership falls below B40 as report urges data-driven housing policies