Daily Digest · Tuesday, 11 August 2026· Updated: about 1 hour ago
Government launches National Housing Policy targeting one million affordable homes by 2035; AME Elite to build i-TechValley plant for Hyatech's US$70 million expansion
Housing policy reform and industrial investment dominated Malaysian property news between Aug 10 and Aug 11, led by the launch of the National Housing Policy 2026–2035 and fresh manufacturing investment in Johor.
Quick takes
- Tower REIT reported a 73% increase in net profit for its financial year ended June 2026, while the REIT manager cited stronger rental income.
- Inta Bina Group Bhd secured a RM115.65 million contract from Sime Darby Property (KL East) Sdn Bhd to build 61 three-storey terrace houses and an electricity substation in Setapak. The 30-month contract is scheduled to begin on Aug 24.
- Sunsuria Bhd raised its stake in KL City Gateway to a 61 percent majority through a RM21.46 million acquisition, according to a filing.
- IHG Hotels & Resorts signed a management agreement with KCC Hotel (Muar) Sdn Bhd to open the 107-room voco Muar in Johor. The hotel is scheduled to open later this year.
Government launches National Housing Policy 2026–2035, targeting one million affordable homes by 2035
The government launched the National Housing Policy 2026–2035 on Monday, setting a target of delivering one million affordable homes by 2035 alongside reforms to reduce oversupply, improve affordability and strengthen buyer protection, Housing and Local Government Minister Nga Kor Ming said.
The blueprint, which will guide national housing policy over the next decade, is built around six focus areas, 17 strategies and 59 action plans, and adopts a more data-driven approach to planning. The government plans to use Big Data analytics to better align future housing supply with actual demand and local demographics, with the aim of reducing supply-demand mismatches and the overhang of unsold homes.
To widen home ownership, the policy promotes financing options including rent-to-own, shared ownership and fixed-rate mortgages. Consumer protection measures include the phased adoption of the build-then-sell system, proposed reforms governing property development and management, and amendments to the Strata Management Act 2013.
Why it matters
The policy sets the government's housing agenda through 2035 and signals a shift towards more data-led housing planning, while proposed legislative reforms could reshape Malaysia's housing development, management and rental landscape over the coming decade.
AME Elite to build i-TechValley plant as Hyatech expands into the Johor-Singapore zone
AME Elite Consortium Bhd will build a 220,000 sq ft manufacturing facility in Iskandar Puteri, Johor, for HYA Industry (Malaysia) Sdn Bhd, the Malaysian subsidiary of Shanghai-listed Wuxi Hyatech, the group said on Monday.
The facility will be built on a 6.8-acre site within AME Elite's i-TechValley industrial park by its Pentagon Land unit. It will manufacture aerospace components and medical orthopaedic implant forgings as part of Hyatech's US$70 million (RM312.2 million) expansion across Malaysia and Singapore within the Johor-Singapore Special Economic Zone.
AME Elite said the latest contract adds to its aviation-related portfolio, which includes a RM214.1 million aeronautical test cell facility for KLIA Aeropolis.
Why it matters
The Hyatech facility adds to manufacturing investment activity in the Johor-Singapore Special Economic Zone and expands AME Elite's exposure to industrial construction in Iskandar Puteri.
IJM Land and Amona launch RM389.31 million Enlace Suites II in Pantai Sentral Park
IJM Land Bhd and its joint-development partner Amona Group launched Enlace Suites II, a RM389.31 million high-rise residential development in Pantai Sentral Park, Kuala Lumpur, on Sunday.
The 38-storey project comprises 290 units ranging from 506 sq ft to 2,034 sq ft, priced from RM624,000 to RM3.22 million, and is targeted for completion by the end of 2029. The development forms part of the 58-acre Pantai Sentral Park township adjoining the 252-acre Taman Rimba Bukit Kerinchi.
IJM Land said Enlace Suites I, launched last year, has achieved a 70% take-up rate, with all non-Bumiputera units sold. The developer plans to launch another residential project in the township next year featuring larger units.
Why it matters
The launch adds RM389.31 million of new residential supply to Pantai Sentral Park. IJM Land said Enlace Suites I had achieved a 70% take-up rate since its launch last year.
Also on the radar today
Sapura Industrial land disposal
Sapura Industrial Bhd completed the RM24.72 million disposal of an 8.73-acre industrial plot in Negeri Sembilan to individual buyers, according to a filing.
Bedi Sabah developer acquisitions
Bedi finalised the RM38.87 million consideration for its proposed related-party acquisitions of two Sabah developers, Sejati Sentral and FYT Land, with the price for Sejati Sentral revised down and that for FYT Land raised, according to a filing.
Today's roundup
Housing policy reform and industrial investment dominated Malaysian property news between Aug 10 and Aug 11. The National Housing Policy 2026–2035 outlined the government's long-term housing strategy through 2035, while AME Elite's contract to build Hyatech's manufacturing facility highlighted continued industrial investment in the Johor-Singapore Special Economic Zone. Developers also continued to expand residential supply, with IJM Land and Amona launching the RM389.31 million Enlace Suites II project in Pantai Sentral Park, while listed companies disclosed fresh earnings, construction and hospitality developments.
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