Scientex Bhd’s second attempt to buy prime land in Johor Baru from S P Setia Bhd, this time for RM548 million, has fallen through again.

UEM Sunrise Bhd, Telekom Malaysia Bhd (TM) and Iskandar Investment Bhd (IIB) are shutting down the joint venture (JV) that they started nearly 10 years ago to provide smart in-building and smart city services around Iskandar Puteri, Johor.

Maybank Investment Bank has maintained its “neutral” rating of the property sector, and said that Iskandar Puteri stands a good chance as a location for the Johor-Singapore special economic zone (JSSEZ).

AmanahRaya Real Estate Investment Trust (ARREIT) has completed the disposal of its 4-star Holiday Villa Beach Resort and Spa Langkawi with 238 rooms in Langkawi, Kedah to property developer Plenitude Bhd for RM145 million cash.

The Housing and Local Government Ministry may introduce a new architectural design competition for future people’s housing projects (PPR).

UEM Sunrise Bhd, which was one of the top 10 most actively traded stocks on Bursa Malaysia on Thursday, jumped as much as eight sen or 8.08% to hit RM1.07 — its highest in about six years since February 2018.

Amidst a Cabinet reshuffle and the unpredictable embers beneath the political landscape of 2023, the Local Government Development Ministry, now renamed Housing and Local Government Ministry (KPKT), managed to have a productive year.

Penang Chief Minister Chow Kon Yeow is suing business tycoon Tan Sri Tan Kok Ping over the latter's remarks, made in October last year, about a state land sale.

Thai-based hotel management company ONYX Hospitality Group will be introducing three new properties in Malaysia this year. Located in Johor, these properties are OZO Medini, Shama Medini and Shama Suasana Johor Bahru.

Hong Leong Investment Bank (HLIB) Bhd has maintained its "neutral" stance on the property sector on the expectation of a normalised pace of billings and moderate growth in new property launches and sales throughout the year of 2024.