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Tower REIT FY2026 net profit jumps 73% on higher occupancy, rental growth

Tower REIT FY2026 net profit jumps 73% on higher occupancy, rental growth

news

Updated:
  • Tower REIT's FY2026 net profit surged 73% to RM12.46 mil.
  • This growth was due to higher occupancy, increased rents, and lower interest.
  • The trust declared a total distribution of 1.90 sen per unit for FY2026.
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Nestcon secures RM74.5 mil contract to build affordable apartment block in Kwasa Damansara

Nestcon secures RM74.5 mil contract to build affordable apartment block in Kwasa Damansara

news

Updated:
  • Nestcon Bhd secured a RM74.52 mil contract for an apartment block in Kwasa Damansara, Selangor.
  • Its subsidiary, Nestcon Builders, will construct the 28-storey building.
  • The project starts August 2026 and finishes by January 2029.
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Ahmad Zaki Resources unit hit with fresh winding-up petition over RM3.9mil EKVE claim

Ahmad Zaki Resources unit hit with fresh winding-up petition over RM3.9mil EKVE claim

news

Updated:
  • Ahmad Zaki Resources faces a new winding-up petition over an alleged outstanding payment of RM3.94 mil.
  • This is for works carried out under the East Klang Valley Expressway project.
  • The company is negotiating to resolve the issue amicably.
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S P Setia extends conditional period for RM273.5 mil Beranang land disposal to Mah Sing to Nov 2

S P Setia extends conditional period for RM273.5 mil Beranang land disposal to Mah Sing to Nov 2

news

Updated:
  • S P Setia extended the land sale conditional period to Mah Sing.
  • The new deadline is Nov 2, 2026, for the RM273.51 million deal.
  • This allows more time to meet agreement conditions.
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Sunway Construction bags data centre engineering contract worth over RM1 bil

Sunway Construction bags data centre engineering contract worth over RM1 bil

news

Updated:
  • Sunway Construction Group secured a RM1.02 bil data centre contract.
  • This project involves mechanical, electrical, and plumbing fit-out work.
  • The new award boosts their order book to RM5.8 bil.
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Setia Awan Land to officially launch RM1.4 bil Tanjong Malim Hi-Tech Park in September

Setia Awan Land to officially launch RM1.4 bil Tanjong Malim Hi-Tech Park in September

news

Updated:
  • Setia Awan Land opened its Tanjong Malim Hi-Tech Park Sales Gallery.
  • The RM1.4 bil project is their first industrial property venture.
  • It will support Tanjong Malim's automotive and high-value industries.
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Asia Green launches mid-term stay management service at The Pier

Asia Green launches mid-term stay management service at The Pier

news

Updated:
  • Asia Green Group launched a mid-term stay management service for its The Pier development.
  • This service, in partnership with The Ark Properties, offers optional property management for homeowners.
  • It aims to differentiate the project and support owners beyond completion.
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Retail association calls for deferment, review of service tax on utilities bills

Retail association calls for deferment, review of service tax on utilities bills

news

Updated:
  • The MRCA wants the government to defer and review the imposition of a new service tax.
  • This tax on utilities for commercial tenants could cause double taxation.
  • They seek urgent talks to find a fair solution.
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Battersea Power Station expands 'A Station of Stories' with summer literary programme

Battersea Power Station expands 'A Station of Stories' with summer literary programme

news

Updated:
  • Battersea Power Station (BPS) launches a summer literary programme.
  • The centrepiece of the summer programme is a month-long Mr. Men Little Miss takeover from Aug 3-30.
  • BPS will also host 'A Station of Stories: In Conversation with Young Adult Authors' on Aug 23.
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