The earnings prospect for real estate investment trusts (REITs) in the second half of this year is expected to remain positive, due to the bright outlook for the retail industry and industrial segment in Malaysia, according to MIDF in a note on Friday.

Permodalan Negeri Selangor Bhd (PNSB) and Gagasan Nadi Cergas (KL:NADIBHD) has announced the commencement of construction for its Rumah Idaman Amani in Shah Alam. The project has a gross development value (GDV) of RM286 million.

High-rise developments are taking over the property market in urban areas for many reasons, including catering to younger homebuyers looking to move out and gain independence sooner rather than later. However, the very same demographic being targeted might actually be dreaming of owning landed properties instead.

IJM Land Bhd officially launched Phase 2 of Ridge View @ Puchong on Friday. This phase was soft-launched on June 29 and has been 70% taken up since then.

A revised public display of the third phase of the Mass Rapid Transit (MRT3) indicates the government’s commitment and another step forward for the project, CIMB Securities said.

Bank Negara Malaysia (BNM) is under no pressure to adjust its benchmark interest rate, despite global central banks leaning towards policy easing, thanks to stable inflation and a positive growth outlook, economists said.

Kerjaya Prospek Property Bhd's (KL:KPPROP) chief executive officer Joanne Lee Sor Phaik has resigned from her role after only slightly more than a year helming the property developer.

Systech Bhd (KL:SYSTECH) has teamed up with Pinetop Technology Venture Sdn Bhd to develop and operate data centres.

Sentoria Group Bhd (KL:SNTORIA) said on Thursday that Messrs Grant Thornton Malaysia PLT (GTM) has voluntarily resigned as the company’s external auditors.

Binastra Corporation Bhd (KL:BNASTRA) said on Thursday it has secured a construction contract worth RM283.33 million for an apartment project in Kuala Lumpur.