News by Emir Zainul

Scottsdale Properties owns the JW Marriott Singapore South Beach, South Beach Avenue and South Beach Tower.

Practice Note 17 (PN17) company Ireka Corp Bhd (KL:IREKA) said it has secured a RM15.5 million subcontract to build a government health clinic and integrated quarters in Mak Mandin, Seberang Perai, Penang.

Sime Darby Property Bhd’s (KL:SIMEPROP) net profit for the third quarter ended Sept 30, 2025 (3QFY2025) rose 31.2% year-on-year (y-o-y) to RM168.23 million from RM128.26 million, boosted by stronger sales and cost efficiency in its property development business.

Haily Group Bhd (KL:HAILY) has secured two construction contracts worth a combined RM80.3 million for residential projects in Taman Bestari Perdana, Plentong, Johor Bahru.

Ibraco Bhd (KL:IBRACO) is disposing of approximately 4.2 acres of vacant land in Kuching, Sarawak for RM35.4 million, in a move aimed at unlocking the land’s value and supporting the expansion of private healthcare services in Sarawak.

Nestcon Bhd (KL:NESTCON) has secured a RM355 million contract to construct two 57-storey serviced apartment blocks in northern Kuala Lumpur.

Three agreements that together form the Klang Valley’s first integrated reclaimed-water supply chain for data centre operations were formalised on Thursday, in a ceremony witnessed by the Ministry of Energy Transition and Water Transformation (Petra).

GuocoLand (Malaysia) Bhd (KL:GUOCO), the property arm of Hong Leong Group, said its first quarter net profit more than doubled to RM6.1 million from RM2.91 million a year earlier on stronger contributions from its property and hotel divisions.

Industrial packaging firm L&P Global Bhd (KL:L&PBHD) is disposing of a leasehold industrial property in Kulim, Kedah, for RM13.88 million cash, to unlock the value of the underutilised property and redeploy capital.

Pharmaniaga Bhd (KL:PHARMA) is acquiring two industrial buildings in Terengganu and Sarawak for a total of RM30.5 million.