News by Chin Wai Lun

Exsim Hospitality Bhd (KL:EXSIMHB) announced the partnership with developer Majestic Gen to introduce professionally-managed accommodation in selected developments nationwide, with a potential pipeline of over 3,000 keys over the next four years.

Rahim & Co International Property Consultants Sdn Bhd has entered into a strategic affiliation with UK-based global real estate consultancy Chestertons Global, as both firms look to strengthen their cross-border advisory capabilities.

Berjaya Land Bhd (KL:BJLAND) has officially launched its RM398 million Bayu Timur Residences, a freehold condominium development sited on an 8.5-acre plot in Berjaya Park in Kota Kemuning, Shah Alam on Thursday.

Setia Awan Group’s transit-oriented development, Astrum Ampang, marked a major construction milestone with the topping out of all six residential towers on Wednesday.

Myra, the residential arm of Oriental Interest Bhd (KL:OIB), has unveiled Myra Senja, a mixed-used development in Shah Alam, and has signed a memorandum of understanding (MOU) with Panasonic Malaysia to equip the open-market units at Myra Senja with a curated package of energy-efficient appliances.

Sime Darby Property Bhd (KL:SIMEPROP) bagged the top gong at The Edge Malaysia Top Property Developers Awards (TPDA) 2025, repeating last year’s achievement.

GameOn Theme Park has partnered with CapitaLand Malaysia and Eco World Development Group Bhd (KL:ECOWLD) to open new family entertainment centres at the developers’ projects in the Klang Valley.

Matrix Concepts Holdings Bhd (KL:MATRIX) has signed a memorandum of understanding (MOU) with logistics company Golog Holdings Sdn Bhd (Golog) to jointly develop the China-Malaysia Air Silk Road Dual Hub Industrial Park in MVV TechValley at Negeri Sembilan.

Mitraland Group has partnered with Colony Coworking Space, Anytime Fitness and Sports Arena to provide services for its Novva Nexus office tower project in Klang, Selangor.

Malaysia's real estate market is expected to see reduced absorption rates across all commercial property segments with downward pressure on rental growth, following the introduction of the expanded sales and service tax (SST) framework, according to JLL Malaysia.