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Bintai Kinden gets PLUS award to develop 103-acre Ayer Keroh land with RM296.5m GDV

Bintai Kinden gets PLUS award to develop 103-acre Ayer Keroh land with RM296.5m GDV

news

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.
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Mah Sing to sell Southville City land for RM617.9m, expands digital push

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.
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PropNex showcases more properties for August open house on Aug 22 and 23

PropNex showcases more properties for August open house on Aug 22 and 23

news

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.
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YTL Power to develop new gigawatt data centre campus in Johor

YTL Power to develop new gigawatt data centre campus in Johor

news

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.
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Maxim Global’s 2Q net profit halves to RM4m

Maxim Global’s 2Q net profit halves to RM4m

news

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.
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SC approves IOI Properties REIT manager’s fund-management application

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.
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UEM Sunrise’s 2Q net profit more than doubles to RM46.85m

UEM Sunrise’s 2Q net profit more than doubles to RM46.85m

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Updated:
  • 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%.
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S P Setia posts RM98m 2Q profit, secures RM864m sales

S P Setia posts RM98m 2Q profit, secures RM864m sales

news

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.
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Sime Darby Property signs SPA to buy Wisma Unirazak for RM160m

Sime Darby Property signs SPA to buy Wisma Unirazak for RM160m

news

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.
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CHGP, UCSI partner to develop education hub in Melaka waterfront township

CHGP, UCSI partner to develop education hub in Melaka waterfront township

news

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.
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