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Mah Sing acquires 14.38 acres in Ampang for RM1.92b M Araya development

Mah Sing acquires 14.38 acres in Ampang for RM1.92b M Araya development

news

Updated:
  • Mah Sing Group acquired 14.3775 acres in Ampang for RM186.17 mil.
  • This land will become M Araya, a serviced apartment project.
  • It has an estimated GDV of RM1.92 bil and targets 2027 for launch.
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BIMB assigns 59% premium to Avaland in maiden coverage

BIMB assigns 59% premium to Avaland in maiden coverage

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Updated:
  • BIMB Securities initiated coverage on Avaland Bhd with a "buy" call.
  • They project a 59% upside due to a strong project pipeline.
  • Avaland's unbilled sales of RM908.8 mil provide multi-year earnings visibility.
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Jaya Grocer to anchor OSK Mori Park retail boulevard in Shah Alam

Jaya Grocer to anchor OSK Mori Park retail boulevard in Shah Alam

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Updated:
  • OSK Property announced Jaya Grocer as the anchor tenant for OSK Mori Park in Shah Alam.
  • Retail opportunities are open for the 56-unit retail boulevard.
  • The integrated development combines homes, retail, and lifestyle offerings.
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Matrix Concepts’ 1Q profit slips despite higher revenue

Matrix Concepts’ 1Q profit slips despite higher revenue

news

Updated:
  • Matrix Concepts' 1Q profit fell 4.4% to RM60.19 mil, despite an 11% revenue increase.
  • Lower other income and higher expenses impacted earnings, narrowing the gross profit margin.
  • The company remains optimistic, with RM1.5 bil in unbilled sales and new project expansions.
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Can Kuala Lumpur become a climate-resilient city?

Can Kuala Lumpur become a climate-resilient city?

news

Updated:
  • Kuala Lumpur faces a hotter, wetter future with flash floods and unpredictable monsoons.
  • The International Sustainability Week 2026 will address climate resilience.
  • Experts emphasise integrated planning and inclusive solutions for urban adaptation.
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Scanwolf defers RM7.4m JV loan redemption to March 2027

Scanwolf defers RM7.4m JV loan redemption to March 2027

news

Updated:
  • Scanwolf Corp Bhd deferred a RM7.4 mil loan redemption for a JV.
  • The new deadline for the loan is now March 2027.
  • This impacts a commercial development in Sungai Buloh.
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Nga: Home Ownership Campaign, EV infrastructure among stakeholders' proposals for Budget 2027

Nga: Home Ownership Campaign, EV infrastructure among stakeholders' proposals for Budget 2027

news

Updated:
  • Stakeholders proposed Budget 2027 initiatives to the Housing and Local Government Ministry.
  • Ideas include better strata management, HOC, and EV charging infrastructure.
  • The ministry will assess proposals based on feasibility and financial capacity.
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SDB’s 1Q net loss widens to RM8.25m as revenue halves

SDB’s 1Q net loss widens to RM8.25m as revenue halves

news

Updated:
  • Selangor Dredging Bhd reported a wider net loss of RM8.25 mil in 1QFY2027.
  • Revenue nearly halved due to early project stages and higher costs.
  • The company anticipates gradual earnings growth as construction progresses.
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Sime Darby Property 2Q profit doubles; sets 40%-60% payout target

Sime Darby Property 2Q profit doubles; sets 40%-60% payout target

news

Updated:
  • Sime Darby Property Bhd's 2QFY2026 net profit more than doubled to RM322.04 mil.
  • This growth was driven by strong property development and investment performance.
  • The company also announced a new dividend policy targeting 40%-60% payout.
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Bina Darulaman returns to profit in 2Q as property earnings offset lower billings

Bina Darulaman returns to profit in 2Q as property earnings offset lower billings

news

Updated:
  • Bina Darulaman Bhd achieved a net profit of RM599,000 in 2QFY2026, reversing a prior loss.
  • This turnaround was driven by a strong performance in its property division.
  • The company anticipates continued recovery and stable earnings from new contracts.
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Mah Sing acquires 14.38 acres in Ampang for RM1.92b M Araya development