Eastern & Oriental Bhd (KL:E&O) has launched its latest luxury apartment development named The Lume on its 760-acre Andaman Island master plan development in Penang on Thursday, according to a press statement.

Real estate developer I-Bhd (KL:IBHD) said on Thursday its net profit tripled in the second quarter from a year earlier, thanks to a turnaround of its leisure business and higher property investment income.

International players continue to enter the Malaysian industrial market, driven by the global supply chain diversification strategy known as China Plus One, according to JLL Malaysia’s 2Q2024 Greater Kuala Lumpur Property Market Monitor, which was launched on Wednesday.

German semiconductor giant Infineon Technologies AG will invest an additional €5 billion (RM30.1 billion) in constructing the world’s largest 200-millimetre silicon carbide power fabrication plant in Kedah.

Analysts continue to be positive about Sentral REIT (KL: SENTRAL), noting its appealing yield compared to the sector average.

EdgeProp congratulated Chia Kah Fei, who had won the first round of the RM10,000 Cash Bonanza for EdgeProp START members. This came as a timely win for Chia, 33, who recently purchased his first home with his long-term girlfriend, Grace Seow.

The suggested requirement, whereby a full block or two need to be made into Madani housing instead of a set percentage, will naturally cause a further increase in the free market prices for those who are not eligible for affordable housing, stated the Real Estate and Housing Developers' Association Malaysia (REHDA).

Businessman Tan Sri Robert Tan Hua Choon has ceased to be a substantial shareholder of Paragon Globe Bhd after disposing of half his stake in the Johor-based developer.

Tesla Inc has scrapped plans to set up factories in Malaysia, Thailand, and Indonesia, and the US electric car maker will focus solely on charging stations, Thai online news portal The Nation reported on Wednesday.

The Attorney General's Chambers (AGC) said it will appeal the High Court decision ordering the government to transfer 263.27 acres of land known as the "Duta enclave" to Semantan Estate (1952) Sdn Bhd.