News by EdgeProp.my

IGB Bhd posted a profit before tax (PBT) of RM621.47 million for the first quarter ended March 31, 2026, surging 219% from RM194.78 million in the corresponding quarter of 2025, primarily driven by a one-off gain from the strategic divestment of UK-based hotel assets and robust performance across its core property investment and hotel segments.

Eco World Development Group Bhd (EcoWorld) has announced a change in its substantial shareholder structure, with Tan Sri Syed Mokhtar Shah Syed Nor emerging as a new substantial shareholder following the acquisition of Datuk Leong Kok Wah's entire shareholding in Syabas Tropikal Sdn Bhd.

The proposed joint venture (JV) between Citaglobal Bhd and Varia Bhd to develop the Citaglobal Tower — a mixed development on a 1.58-acre leasehold site at Jalan Tun Razak, Kuala Lumpur — has secured a further extension of its conditions precedent deadline, now pushed to June 4. 

Lim Seong Hai Capital Bhd (LSH Capital) has received a letter of offer from Perbadanan Aset Keretapi (RAC) for the proposed purchase and development of two parcels of land measuring approximately 17.4 acres in Mukim Pekan Country Height, Daerah Petaling, Selangor, at an offered price of RM197.9 million. 

NCT Alliance Bhd is expanding its industrial landbank in Selangor through a RM53 million subscription for an 80% controlling stake in Semanja Murni Sdn Bhd (SMSB), a vehicle sitting on five parcels of leasehold land totalling 176.71 acres in Mukim Tanjong Duabelas, Kuala Langat.

Malaysia's property market remained stable with moderate growth in the first quarter of 2026 (1Q2026), recording 89,966 transactions worth RM51.9 billion, according to the Valuation and Property Services Department (JPPH).

Al-'Aqar Healthcare Real Estate Investment Trust (Al-'Aqar REIT) has announced that the sale and purchase agreement (SPA) for the proposed disposal of its KPJ Healthcare College building in Penang has become unconditional following the fulfilment of all conditions precedent.

When Malaysia's most ambitious financial district was mapped out on a 70-acre freehold site along Jalan Tun Razak, the residential towers were supporting cast — amenities for the bankers and lawyers who would fill the Grade A office blocks rising around them. The real story, the planners said, was the offices. The mall. The skyline.

Axis Real Estate Investment Trust (Axis-REIT) is acquiring an industrial complex in Seksyen 16, Shah Alam, Selangor for RM38.0 million from Rubicon Assets Sdn Bhd (RASB) — a transaction classified as a related party deal given the vendor's links to directors of the REIT's management company.

Sunway Real Estate Investment Trust (Sunway REIT), one of Malaysia's largest diversified REITs with 28 properties valued at RM10.2 billion and a market capitalisation of RM7.9 billion, recorded a 10% year-on-year (y-o-y) increase in profit before tax to RM114.8 million in the first quarter ended March 31 (1Q2026), driven by a stronger retail segment performance and lower finance costs.