News about AG

PETALING JAYA (July 29): Rivertree STF Synergies Bhd (formerly known as Sinmah Capital Bhd) has deferred its proposed diversification into the management of centralised labour quarters (CLQ), pending the signing and finalisation of a definitive agreement for the business.

GEORGE TOWN (July 28): Hotel and resorts operator Magma Group Bhd (KL:MAGMA) expects to return to profitability in the 2026 financial year, driven by the Wolo Hotel & Residences in Mont'Kiara, Kuala Lumpur, worth some RM850 million in gross development value.

PETALING JAYA (July 28): Palm Springs Development Sdn Bhd has officially launched Xanadu Millennium, a RM700 million residential development in Puchong Perdana, Selangor.

KUALA LUMPUR (July 25): The Sessions Court on Friday ruled that the lawsuit filed by the neighbours of astronaut Datuk Dr Sheikh Muszaphar Shukor Al Masrie and his wife over alleged water seepage affecting their four-storey villa must go to a full trial.

KUALA LUMPUR (July 24): Lagenda Properties Bhd's (Lagenda) wholly owned subsidiary, Lagenda Capital Bhd has today made a lodgement with the Securities Commission Malaysia (SC) for the establishment of an Islamic medium term notes (sukuk wakalah) programme of RM1.

PETALING JAYA (July 24): The century-old 1926 Heritage Hotel Penang has completed a RM20 million restoration, reopening as the first property in Malaysia to join The Unlimited Collection by The Ascott Limited, as adaptive reuse continues to expand Penang's heritage hospitality offering.

PETALING JAYA (July 24): Magna Prima Bhd and OCR Group Bhd have completed the previously announced land transaction after the conditions for completion under the sale and purchase agreement (SPA) were fulfilled.

KUALA LUMPUR (July 23): Relying on ad-hoc intervention by the Commissioner of Buildings (COB) is not a sustainable long-term solution to address the management failure in low-cost strata housing schemes, according to the Malaysian Institute of Property and Facility Managers (MIPFM).

KUALA LUMPUR (July 22): TA Global has partnered with Gaggenau, Gessi and Laufen to supply kitchen appliances, fittings and sanitaryware for CloutHaus Residences, the residential component of its RM3 billion mixed-use development in Kuala Lumpur City Centre (KLCC).

KUALA LUMPUR (July 21): The 10th edition of The Edge Malaysia Best Managed & Sustainable Property Awards (BMSPA) on Monday saw the induction of 12 developers into The Edge Malaysia Responsible Developer Hall of Fame 2026.