News by EdgeProp.my

The Penang property market is showing signs of stabilisation after the post-pandemic rebound, with both transaction volume and value holding steady.

Eco World Development Group Bhd reported a net profit of RM101.17 million for the third quarter ended July 31, 2025, up 25.8% from RM80.44 million a year earlier, mainly driven by higher contributions from ongoing projects and land sales.

Developers must change how they approach bumiputera lot sales, shifting from a “compliance mindset” to genuine demand-matching if they want to clear stocks faster.

Scientex Bhd posted a 13.6% rise in net profit to RM154.3 million for the fourth quarter ended July 31, 2025 (4QFY2025), from RM135.9 million in the corresponding period last year.

UEM Sunrise Bhd recorded full take-up of the newly launched Aspira Hills Phase 2A and 3A within 48 hours.

Up to 46 winners of the MyPLACE Awards were feted at a gala dinner at Le Meridien PJ today. They were chosen from 90 entries.

The Young Professionals Lab (YPLab) 2025 ended with one group selected for its Kampung Pasir Baru challenge, after four finalists pitched ideas on placemaking, public spaces and programmes to strengthen the community.

This initiative offers homebuyers greater financial flexibility while reinforcing Ancubic’s ongoing commitment to sustainable, innovative, and community-focused living.

Kuala Lumpur Kepong Bhd’s (KLK) wholly owned subsidiary KLK Land has unveiled KLK TechPark, a 1,500-acre integrated industrial hub in Tanjong Malim, with a projected gross development value (GDV) of RM3.5 billion over the next 10 years.

Noteworthy:

• Freehold
• Built-up size: 4,000 sq ft
• Land size: 4,700 sq ft
• 5 bedrooms, 5 bathrooms
• Semi-furnished
• Nearby amenities: Beacon House Preschool, TMC Bangsar, Bangsar Village Shopping Centre, Pantai Hospital Kuala Lumpur, University Hospital
• Accessibility: Sprint Expressway (connecting to NKVE, LDP, and Petaling Jaya), NPE, Federal Highway

When: May 2025