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How Sungai Nibong could become the blueprint for Penang's rail-led future

How Sungai Nibong could become the blueprint for Penang's rail-led future

news

Updated:
  • Penang plans Malaysia's first Inclusive Transit-Oriented Development (ITOD) at Sungai Nibong.
  • This project integrates an LRT station with housing, commercial, and green spaces.
  • It aims to create a sustainable, transit-centric urban district by 2031.
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JLL sees JS-SEZ, data centres supporting Malaysia's long-term property outlook

JLL sees JS-SEZ, data centres supporting Malaysia's long-term property outlook

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Updated:
  • Government policies and digitalisation drive Southeast Asian real estate.
  • Malaysia benefits from the JS-SEZ and digital infrastructure growth.
  • JLL identified the JS-SEZ as one of Southeast Asia's most significant cross-border initiatives.
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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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Tower REIT FY2026 net profit jumps 73% on higher occupancy, rental growth

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

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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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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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How Sungai Nibong could become the blueprint for Penang's rail-led future