Latest news

Sime Darby Property Bhd (KL:SIMEPROP) said the Real Estate and Housing Developers' Association (Rehda) is still in talks with authorities on the expansion of the sales and service tax that raised costs for developers.

S P Setia Bhd will host a preview of its upcoming phase called the Starter Homes Collection at Setia Alamsari, Kajang on Saturday, Aug 23 (Saturday) from 12pm to 5pm.

Blossom Suites is a 42-storey mixed development by Kobay Development Sdn. Bhd., located along Jalan Tanjung Bungah in Penang. 

Censof Holdings Bhd (KL:CENSOF) has secured a RM12.4 million contract from the Ministry of Housing and Local Government to develop a one-stop centre licensing system for local authorities.

Metro Healthcare Bhd (KL: METRO), which specialises in fertility, obstetrics and gynaecology services, has cancelled its planned RM9.5 million purchase of a four-storey shopoffice in Subang Jaya, Selangor.

Noteworthy:

• Built-up size: 1,134 sq ft
• 2 bathrooms
• Semi-furnished
• Nearby amenities: NU Empire, Subang Parade, Subang Ria Park, Sri Kuala Lumpur International School, INTI International University
• Accessibility: Federal Highway, LDP, NKVE, Subang–Kelana Jaya Link

When: April 2025

UEM Sunrise Bhd reported a 6% year-on-year increase in net profit for the second quarter ended June 30, 2025 (2QFY2025), supported mainly by stronger contributions from its property development segment, which accounted for 75% of total revenue, up from 61% previously.

NCT Alliance Bhd (KL:NCT) is to acquire its major shareholders’ industrial park developer firm for RM490.26 million in shares and redeemable convertible preference shares (RCPS) to expand its development portfolio into industrial properties.

Builder Binastra Corp Bhd (KL:BNASTRA) has secured a RM132 million contract from Exsim Lumba Kuda Sdn Bhd to carry out piling works for a new 63-storey serviced apartment project in Johor Bahru.