- Magma Group launched its Wolo Hotel & Residences, Mont'Kiara KL project.
- This 60-storey tower has a GDV of RM850 mil.
- Completion is set for 4Q2030.
Magma Group launches RM850 mil Wolo Hotel & Residences in Mont’Kiara
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Tropicana Corp launches T Journey hospitality services
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Updated:- Tropicana Corp's Clarissa Serviced Suites in Langkawi is 20% taken up.
- This is the final phase of its Tropicana Cenang development.
- The company also launched its T Journey Hospitality app.
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.
How Sungai Nibong could become the blueprint for Penang's rail-led future
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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.
Nestcon secures RM74.5 mil contract to build affordable apartment block in Kwasa Damansara
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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.
Ahmad Zaki Resources unit hit with fresh winding-up petition over RM3.9mil EKVE claim
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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.
S P Setia extends conditional period for RM273.5 mil Beranang land disposal to Mah Sing to Nov 2
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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.
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.
Sunway Construction bags data centre engineering contract worth over RM1 bil
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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.
Setia Awan Land to officially launch RM1.4 bil Tanjong Malim Hi-Tech Park in September
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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.
