Shares in Gamuda Bhd (KL:GAMUDA) surged to a new record high on Thursday, boosted by news that its joint venture (JV) in Australia secured a contract worth A$1.6 billion (RM5 billion) and renewed interest in construction stocks on Bursa Malaysia.

Real estate industry experts highlighted that the need for old building refurbishment and modernisation is dire, as about two-thirds of Malaysia’s existing old buildings that no longer meet current building codes, energy efficiency, and safety regulations, will still be used until 2050.

Builder Haily Group Bhd (KL:HAILY) has secured a RM76.65 million contract to construct 171 units of link houses in Kempas Baru, Johor Bahru.

A total of RM162 billion in digital investments were approved between 2021 and the first quarter of 2024 (1Q2024), with the largest share or 76% coming from data centre investments, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

AmanahRaya Real Estate Investment Trust (KL:ARREIT) said on Thursday that it has signed a long-term tenancy agreement with Alfa International College Sdn Bhd for its property in Subang Jaya.

IJM Land Bhd’s landed residential development — Nova, which is part of its 3,800-acre Seremban 2 township, has been 70% taken up since it was launched on June 29, according to a press statement on Thursday.

One of the main challenges to timely registrations of strata titles is unresolved issues regarding land use categorisation on the developers’ part.

Gamuda Bhd (KL:GAMUDA) said on Thursday its joint venture (JV) with French rail engineer Alstom SA in Australia has secured a contract worth A$1.6 billion (RM5 billion).

Pavilion Real Estate Investment Trust's (KL:PAVREIT) earnings and dividends are expected to pick up in the seasonally stronger second half, analysts said and recommended investors continue accumulating the stock.

Widad Group Bhd (KL:WIDAD) has named its founder and largest shareholder Tan Sri Muhammad Ikmal Opat Abdullah as the construction group's executive deputy chairman.