Seremban-based property developer Matrix Concepts Holdings Bhd’s (KL:MATRIX) net profit rose 3.7% year-on-year in the first financial quarter from last year, boosted by stronger property sales and lower selling and marketing expenses.

The Light Waterfront Penang is a freehold integrated development along the Tun Dr Lim Chong Eu Expressway in Gelugor, jointly developed by IJM Land Bhd and Perennial Holdings.

Hextar Technologies Solutions Bhd has terminated its proposed disposal of four adjoining parcels of vacant freehold industrial land in Nilai Industrial Estate, Negeri Sembilan, to Widad Development (Nilai) Sdn Bhd for RM31 million. 

S P Setia Bhd has signed a partnership with Taiwan-based Ally Logistic Property Co Ltd (ALP) to develop a build-to-lease warehouse on a 42-acre plot at Setia Alaman, Klang.

Cahya Mata Sarawak Bhd (KL:CMSB) fell to a two-month low on Thursday, after the construction materials company reported a weaker-than-expected second quarter.

Reclamation works on Silicon Island have passed the 80-hectare mark, marking steady progress for the largest land reclamation project in Penang to date.

Sabah-based property developer KTI Landmark Bhd (KL:KTI) will build a RM107 million cultural complex on 58 acres of land in Kinarut, Sabah through a land swap with the state government.

Parkson Holdings Bhd (KL:PARKSON) said that its 54.97%-owned Hong Kong-listed subsidiary Parkson Retail Group Ltd (PRG) has inked a 20-year agreement to lease 4,801 sq m of commercial space in Mianyang City in China’s Sichuan province.

Setia Federal Hill, developed by S P Setia Bhd, is a freehold serviced residence located in the heart of Kuala Lumpur. 

Paramount Corp Bhd (KL:PARAMON) has lowered its full-year sales target and scaled back its planned project launches, in a move reflecting the moderating economic outlook and persistent property market challenges, as its second-quarter net profit fell 10.15% year on year.