Data centres drive Paragon Globe land sale, Cyberjaya JV and NVIDIA-linked tie-up

Why it matters

The proposed disposal is expected to generate a gain of RM189.72 million, highlighting how demand from hyperscale operators continues to shape pricing for industrial land near the Singapore border. It reinforces Johor’s emergence as a key data centre corridor, as operators look for large, power‑ready sites just beyond Singapore’s borders.

Why it matters

The deal puts a large hyperscale project back on PKNS land in Cyberjaya after the earlier venture stalled on internal approvals, showing how state landowners are reworking partnerships to capture data centre demand. Execution will likely hinge on securing the approvals that affected the previous attempt, although details of the current structure and approval process have not been disclosed.

Malton shares jump 17.3% on Ricloud AI compute centre MoU

Malton Bhd shares rose about 17.3% after the developer signed a memorandum of understanding (MoU) with US‑based Ricloud AI Inc, an NVIDIA Cloud Partner, to explore developing artificial intelligence compute centres in Malaysia and jointly promote AI‑related services across the region. Under the proposed collaboration, Ricloud will secure investors, provide technical expertise and supply AI servers and NVIDIA GPU clusters, while Malton will help identify sites, obtain approvals and act as main contractor. Malton said the collaboration will be carried out on a best‑efforts basis, with specific terms to be negotiated and formalised through definitive agreements once potential investors are identified. The MoU runs for 12 months from signing unless terminated earlier or superseded by a definitive agreement, and is framed as a way to tap growing demand for cloud services, AI compute and data centre infrastructure.

Sunway-led venture wins S$750.6 million Singapore residential site

Sunway Bhd’s indirect wholly owned subsidiary SMCL Haven 3 Pte Ltd and CSC Land Group (Singapore) Pte Ltd have received a letter of award from Singapore’s Urban Redevelopment Authority for the River Valley Green site at a tender price of S$750.57 million (about RM2.4 billion), according to a Bursa filing and subsequent reports. The 11,516 sq m site is on a 99‑year leasehold tenure and designated for residential development, with Sunway holding 60% of the joint venture and CSC Land the remaining 40%. Sunway said the proposed project is expected to contribute positively to group earnings from the financial year ending Dec 31, 2029 onwards. The group highlighted typical development risks such as construction costs, interest rates and property‑cycle volatility, but said these are mitigated by the experience of both partners.

TWL buys into Fairise Odyssey for Seremban land access

TWL Holdings Bhd is acquiring a 45% stake in Fairise Odyssey (M) Sdn Bhd for RM42 million in cash, gaining indirect access to about 206.64 acres of leasehold land in Mukim Setul, Seremban, according to an announcement and TWL’s clarification to Bursa. Fairise Odyssey holds a 50% stake in Elite Community Sdn Bhd, which owns the land near Nilai Springs Golf & Country Club, valued at RM198 million as at December 16, 2025. The land remains undeveloped but has been earmarked for a RM1.5 billion affordable housing project comprising about 5,000 units and targeted profit of roughly RM500 million, according to TWL’s reply. TWL said the acquisition marks a move into township‑scale residential development, though it does not expect a significant impact on earnings or net assets for the financial year ending June 30, 2026.

GDB faces recovery delay as 8 Conlay developer faces judicial management bid

GDB Holdings Bhd may face further delay in recovering more than RM140 million in court‑awarded claims after a creditor filed an application to place Damai City Sdn Bhd, the developer of the 8 Conlay project, under judicial management. In a Bursa filing, GDB said its wholly owned subsidiary Grand Dynamic Builders Sdn Bhd was informed that creditor Sharifuddin Abdul Wahab filed the application on June 16 under the Companies Act 2016. The application seeks to place Damai City under judicial management for six months, a court‑supervised rescue mechanism that would generally suspend legal proceedings and enforcement actions against the company during the period unless the judicial manager and court grant leave. GDB has enforceable claims of about RM141.9 million linked to the stalled RM1.25 billion 8 Conlay contract and said it is consulting its solicitors on next steps, noting that the recovery timeline remains uncertain.