News by EDGEPROP.MY

The Ministry of Housing and Local Government (KPKT) has responded to concerns over water overflow incidents in Taman Tun Dr Ismail (TTDI) following a video circulated on Instagram on Feb 24.

UEM Sunrise Bhd recorded a 27% year-on-year increase in revenue to RM1.7 billion for the financial year ended Dec 31, 2025 (FY2025), from RM1.3 billion previously, supported primarily by property development revenue of RM1.2 billion.

Berjaya Property Bhd, formerly Berjaya Land Bhd, is repositioning itself towards the ultra-luxury segment, underpinned by confirmed take-up rates at its premium domestic projects and a US$1.12 billion (RM4.35 billion) hospitality development in Japan.

Heng Guan Development has secured five anchor tenants for its upcoming Aera Business Centre in Sungai Petani North, strengthening the commercial foundation of its flagship Aera Township.

Ideal Property Group’s infrastructure development at the 880-acre Penang Technology Park @ Bertam has reached a milestone, with Phase 1 completed and Phase 2 currently 85% finished.

Malaysia’s data-centre sector is entering a new phase of rapid expansion, supported by strong hyperscaler demand, regional spillover effects from Singapore and sustained policy momentum.

Eastern & Oriental Bhd (E&O) reported a 105.6% year-on-year increase in net profit attributable to owners of the parent to RM63.51 million for the third quarter ended Dec 31, 2025 (3QFY2026), compared with RM30.90 million a year earlier.

Property developer Radium Development Bhd reported a lower net profit of RM1.73 million for its fourth quarter, while quarterly revenue rose to RM71.58 million from RM46.20 million.

Tropicana Corp Bhd has formalised two partnerships at its Tropicana Alam township in Puncak Alam, introducing managed renovation and solar energy options at the 480-unit Avisa Residences development.

Sunway Property has set a RM4.2 billion sales target for 2026, supported by a RM4.8 billion launch pipeline across Malaysia and selected regional markets.