News by Edgeprop.my

Oriental Interest Bhd (OIB) has launched Gardens Idaman, a 616-unit affordable housing development in Rawang, Selangor, with a gross development value (GDV) of RM163.8 million.

US medical-technology company Intuitive (listed on Nasdaq: ISRG) expects spending linked to its planned Penang manufacturing operation to approach US$500 million (about RM2.04 billion) over its first five years of operations, as the robotic-assisted surgery pioneer expands its manufacturing footprint in Asia.

Sarawak Consolidated Industries Bhd (SCIB) said its co-development agreement with Inland World Sdn Bhd (IWSB) for the Dimpoukon Residence high-rise residential development in Penampang, Sabah, became unconditional on Thursday (Aug 13) after all conditions precedent were fulfilled on the same date.

Hextar Global Bhd (KL:HEXTAR) is proposing to enter the property development business through a joint venture (JV) with a unit of Perbadanan Kemajuan Negeri Selangor (PKNS) to develop a mixed-use township on about 240.39 acres in Siera Alam, Shah Alam.

DPS Resources Bhd has signed a memorandum of understanding (MoU) with a unit of China Energy International Group Co Ltd to explore data centres and supporting energy and water infrastructure projects in Melaka.

The High Court has ruled that a utility room and 115 parking bays at First Residence condominium in Kepong are not common property, reinforcing that ownership in strata developments is determined by the approved strata documents rather than how the facilities are used or perceived by residents.

A management dispute has emerged at Green Garden Flats in Paya Terubong, Penang, after the Commissioner of Buildings (COB) appointed a new company to manage the 2,255-unit residential scheme, according to Sin Chew Daily.

Government policy, infrastructure investment and digitalisation are increasingly shaping Southeast Asia’s real estate markets, as capital and occupier demand shift towards new economic corridors, industrial platforms and digital infrastructure hubs, according to JLL.

AmanahRaya Real Estate Investment Trust (AmanahRaya REIT) reported a 20.6% increase in profit for the second quarter ended June 30, 2026 (2Q2026) to RM1.18 million from RM977,330 a year earlier, as rental income improved.