News by theedgemalaysia.com

Magma Group Bhd (KL:MAGMA) and KLCC Holdings Sdn Bhd are selling the 519-room Impiana KLCC hotel for RM315 million to Harum Aspirasi, mostly owned by the Valiram family, which runs a luxury retail group.

Budget 2026, which was tabled by Prime Minister Datuk Seri Anwar Ibrahim on Friday, Oct 10, drew a mixed but measured response from property consultants, noting its focus on regional growth and targeted stimulus.

Mah Sing Group Bhd (KL:MAHSING) urges the government to consider reintroducing the Home Ownership Campaign (HOC), citing its proven impact in easing homebuyers' financial burden and stimulating the broader property market.

The Master Builders Association Malaysia (MBAM) has welcomed the RM81 billion development expenditure allocated under Budget 2026, describing it as a critical boost for infrastructure and construction activity nationwide.

TA Global Bhd has broken ground on the RM3 billion Ativo Annexe development, marking the next major phase of its 48-acre Damansara Avenue masterplan in Bandar Sri Damansara.

The Malaysian Anti-Corruption Commission (MACC) will oppose the legal bid by Ilham Tower and its operators—Ilham Tower Sdn Bhd and Ilham Baru Sdn Bhd—to prevent its company secretary from providing documents to the anti-graft agency, after the High Court allowed the MACC to intervene in the ongoing case.

Malayan United Industries Bhd (KL:MUIIND), or MUI, has secured a term loan facility of US$20 million (RM84.3 million) granted by Singapore-based direct lending fund Indies Special Opportunities LV Ltd.

EMKAY Group will soft launch The Ayu Residences this Sunday (Oct 12), introducing a low-density residential development within the freehold township of Bandar Seri Putra.

Practice Note 17 (PN17) company Ivory Properties Group Bhd (KL:IVORY) will be delisted from the Main Market of Bursa Malaysia next Tuesday (Oct 14), after the stock exchange rejected its appeal for more time to submit a regularisation plan.

Minister in the Prime Minister’s Department (Federal Territories) Datuk Seri Dr Zaliha Mustafa told Parliament there was no official consent threshold in place when the Kampung Sungai Baru redevelopment project was approved in 2020.