News by Halim Yaacob

The Penang Mutiara Line has entered its next phase with the award of a RM3.028 billion railway systems contract, allowing railway systems design to proceed alongside ongoing civil works as construction of Penang's first metro rail project gathers pace, according to Mass Rapid Transit Corporation Sdn Bhd (MRT Corp).

Three recent Bursa Malaysia filings have revealed a major industrial land assembly in Kapar, with WG Malaysia VIII Sdn Bhd, a DayOne-linked acquisition vehicle, acquiring about 157 acres of adjoining freehold land for a combined RM687.89 million.

Malaysia has more than doubled its representation on Forbes Asia's Best Under A Billion 2026 list, with 19 publicly listed companies making this year's annual ranking, as the country's artificial intelligence (AI) infrastructure boom continues to drive growth among small and mid-sized businesses.

The future Sungai Nibong LRT station may eventually become one stop along Penang's first urban rail network, but the state's ambitions extend well beyond building another station.

Asia Green Group has launched a developer-led mid-term stay management service at its The Pier development in Penang, broadening the project's offering beyond residential sales by introducing post-handover property management and community engagement services.

Eastern & Oriental Bhd (E&O) and Majestic Gen Sdn Bhd have proposed to acquire a freehold Jalan Kia Peng site in Kuala Lumpur for RM189.9 million, further expanding E&O's premium residential development landbank in the capital.

Paragon Globe Bhd (PGB) is positioning itself to capitalise on Johor's next phase of growth, underpinned by the Johor-Singapore Special Economic Zone (JS-SEZ), the Johor Bahru-Singapore Rapid Transit System (RTS) Link, expanding industrial activity and rising demand for digital infrastructure and data centres, as it broadens its business beyond property development into a stronger recurring-income platform.

Axis Real Estate Investment Trust (Axis REIT) is expanding its industrial portfolio with a RM113 million acquisition in Kedah, the latest in a series of acquisitions and development projects that strengthen its presence across Malaysia's manufacturing and logistics corridors.

Kerjaya Prospek Property Bhd (KPPROP) has outlined a serviced apartment development pipeline with an estimated gross development value (GDV) of about RM2 billion over the next one to two years, backed by a 60-acre strategic landbank with an estimated GDV of RM3.8 billion, according to its FY2026 annual report filed with Bursa Malaysia.

Kuala Lumpur's commercial property market remained resilient in the second quarter of 2026, with office and retail vacancies continuing to decline despite a surge in new industrial supply, as occupiers increasingly favoured higher-quality assets, according to JLL Malaysia.