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Sunway REIT 2Q realised profit rises 10%

Sunway REIT 2Q realised profit rises 10%

news

Updated:
  • Sunway REIT's 2Q realised profit rose 10.3% to RM106.5 million, driven by strong retail performance.
  • Revenue increased 4.2% to RM220.3 million, with NPI up 5.2% to RM163 mil.
  • The trust declared a 6.28 sen per unit distribution, payable Sept 11.
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Selangor Dredging gets interest-free one-year extension for RM63m Subang land deal

Selangor Dredging gets interest-free one-year extension for RM63m Subang land deal

news

Updated:
  • Selangor Dredging Bhd secured a one-year, interest-free extension for a RM63 mil land acquisition.
  • This extends the completion period to Aug 12, 2027, without additional cost.
  • SDB plans to build serviced apartments with an estimated RM507 mil gross development value.
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Binasat terminates Empire City property deal; vendor to refund RM32.19m

Binasat terminates Empire City property deal; vendor to refund RM32.19m

news

Updated:
  • Binasat Communications Bhd terminated a proposed property acquisition.
  • The vendor must refund RM32.19 mil by late 2026.
  • This allows Binasat to reallocate funds for new ventures.
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Farlim seeks nod to redirect RM20.9m of Gopeng land-sale proceeds

Farlim seeks nod to redirect RM20.9m of Gopeng land-sale proceeds

news

Updated:
  • Farlim Group seeks approval to reallocate RM20.92 mil from land-sale proceeds.
  • Funds will support property developments and increase working capital.
  • This move reduces reliance on loans for new projects.
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Kerjaya Prospek wins RM223m Johor Bahru SOHO contract

Kerjaya Prospek wins RM223m Johor Bahru SOHO contract

news

Updated:
  • Kerjaya Prospek secured a RM223 mil contract for a Johor Bahru SOHO project.
  • This boosts their year-to-date wins to RM2.4 bil, exceeding their 2026 target.
  • The project includes 1,012 SOHO units and will positively impact earnings through 2029.
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MOF: Govt to tighten oversight of building material imports

MOF: Govt to tighten oversight of building material imports

news

Updated:
  • Malaysia will tighten oversight on imported building materials.
  • This protects consumers and ensures fair competition for local businesses.
  • New measures include stricter import controls and inspections.
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Southern Score Builders' unit bags RM105 mil Puncak Alam data centre subcontract works

Southern Score Builders' unit bags RM105 mil Puncak Alam data centre subcontract works

news

Updated:
  • Southern Score Builders' subsidiary secured a RM105 mil data centre contract.
  • The project in Puncak Alam, Selangor, starts July 2026.
  • It will boost company earnings from FY2027 onwards.
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Sime Darby Property tops out Kanopi Residences at Elmina City Centre

Sime Darby Property tops out Kanopi Residences at Elmina City Centre

news

Updated:
  • Sime Darby Property topped off Kanopi Residences in Elmina City Centre.
  • The 36-storey project registered a 90% take-up rate.
  • It offers 499 units and many wellness facilities.
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DutaLand seeks shareholders’ nod to end Olympia joint development arrangement over RM1.917b Kenny Heights land

DutaLand seeks shareholders’ nod to end Olympia joint development arrangement over RM1.917b Kenny Heights land

news

Updated:
  • DutaLand seeks to end a joint development with Olympia Industries for Kenny Heights land.
  • This termination, valued at RM1.917 bil, allows independent development of parcels.
  • The move is expected to boost DutaLand's net assets by RM290.3 mil.
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Sunway REIT 2Q realised profit rises 10%