- UEM Sunrise Bhd's 2Q net profit more than doubled to RM46.85 mil.
- Revenue rose 37% due to strong property development contributions.
- Sales exceeded the full-year target by 13%.
UEM Sunrise’s 2Q net profit more than doubles to RM46.85m
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Mah Sing to sell Southville City land for RM617.9m, expands digital push
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Updated:- Mah Sing Group Bhd has agreed to sell 78.8 acres of land for RM617.9 mil to WG Malaysia X Sdn Bhd.
- This sale supports Mah Sing's new digital infrastructure strategy and capital recycling efforts.
- Mah Sing DC Hub @ Southville City is within the group's 428-acre freehold Southville City township.
Bintai Kinden gets PLUS award to develop 103-acre Ayer Keroh land with RM296.5m GDV
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Updated:- Bintai Kinden received a RM296.54 mil development award from PLUS Malaysia.
- Its subsidiary will develop 103 acres in Melaka for residential and commercial use.
- This project should boost earnings from financial year 2029 onward.
PropNex showcases more properties for August open house on Aug 22 and 23
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Updated:- PropNex Malaysia is hosting an open house this weekend.
- They will showcase 35 properties in Selangor, Kuala Lumpur and Penang.
- Featured properties include condos, bungalows, and terrace homes.
YTL Power to develop new gigawatt data centre campus in Johor
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Updated:- YTL Power plans a new gigawatt data centre in Johor with JLand Group.
- The campus will be in Sedenak Tech Park West on 145 acres, with expansion options.
- This adds to YTL's existing Kulai data centre and AI infrastructure.
Maxim Global’s 2Q net profit halves to RM4m
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Updated:- Maxim Global's 2QFY2026 net profit fell 50.4% to RM4 mil due to project completion.
- Revenue rose 2.2% to RM98.8 mil from new projects and construction revenue.
- Ongoing developments and new launches are expected to boost future performance.
SC approves IOI Properties REIT manager’s fund-management application
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Updated:- IOI Properties Group Bhd received conditional SC approval for its REIT manager's fund-management.
- This is a key step for the proposed IOIPG REIT establishment and listing.
- The REIT will acquire nine properties for RM7.58 bil.
S P Setia posts RM98m 2Q profit, secures RM864m sales
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Updated:- S P Setia Bhd reported stable 2Q net profit despite lower revenue.
- The company secured RM864 mil in sales for the quarter.
- They also reduced borrowings and maintained disciplined cost management.
Sime Darby Property signs SPA to buy Wisma Unirazak for RM160m
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Updated:- Sime Darby Property will acquire Wisma Unirazak for RM160 mil.
- They plan to redevelop the site into high-rise serviced apartments.
- The project has an estimated GDV of RM900 mil.
CHGP, UCSI partner to develop education hub in Melaka waterfront township
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Updated:- CHGP and UCSI Group are partnering to build an education hub in Melaka.
- CHGP holds a 30% stake in this joint venture.
- The school will form the education anchor of CHGP's wider waterfront development.
