News about en

PETALING JAYA (May 6): EdgeProp Malaysia has collaborated with PropNex Malaysia to produce the Malaysia Property Market Overview 1Q2026 — a comprehensive, data-driven report that maps the state of the market across residential, commercial and industrial segments in Malaysia's four key property markets: Kuala Lumpur, Selangor, Johor, and Penang.

KUALA LUMPUR (May 6): SkyWorld Development Bhd has formalised a strategic collaboration with  Malaysian government agency Majlis Amanah Rakyat (MARA) through the exchange of a memorandum of understanding (MOU) at the MARA Synergy Summit: Sustainability as the Nation’s Growth Engine, held in conjunction with MARA’s 60th anniversary at the World Trade Centre Kuala Lumpur on May 4.

PETALING JAYA (May 6): Magni-Tech Industries Bhd has announced that its wholly-owned subsidiary, Magni Land Sdn Bhd (MLSB), entered into a Sale and Purchase Agreement (SPA) yesterday (May 5) with Neoh Choo Ee & Company Sdn Bhd for the acquisition of a freehold parcel of vacant land in Bandar Tanjong Bungah, Daerah Timur Laut, Pulau Pinang for a total cash consideration of RM133.

GEORGE TOWN (May 5): The Penang Development Corporation (PDC) and Malaysia Airports Holdings Bhd (MAHB) have approved the setting up of a joint venture company, Syarikat Usahasama PILA Sdn Bhd, to implement the Penang International Logistics Aeropark (Pila) project.

PETALING JAYA (May 1): Lagenda Properties Bhd, one of Malaysia's leading affordable housing and integrated township developers, delivered a historic operating performance for the financial year ended Dec 31, 2025 (FY2025), surpassing the RM1 billion revenue mark for the first time while recording its highest-ever annual confirmed sales — reinforcing the structural resilience of the group's affordable housing-led business model.

PETALING JAYA (May 1): SkyGate Solutions Bhd's property investment arm delivered steady recurring income in the financial year ended Dec 31, 2025 (FY2025), even as its property development segment contracted sharply — while a manufacturing surge pushed group revenue up 35.

PETALING JAYA (April 29): Real estate agency Polygon Properties marked its ninth anniversary with its Globe Gala Night on April 17 at Galaxy Banquet Hall in Sentul, bringing together 500 guests for a cross-cultural themed celebration.

KUALA LUMPUR (April 29): Kuala Lumpur's residential property market recorded steady quarterly growth throughout 2025, with each successive quarter surpassing the previous, culminating in the strongest performance since 2021.

PETALING JAYA (April 29): Real estate agency Wereg Properties recorded a 50% to 100% increase in sales revenue over the past year, marking a significant milestone in its growth trajectory.

PETALING JAYA (April 29): 7-Eleven Malaysia Holdings Bhd (SEM) is pushing upstream into food production, with its 60%-owned subsidiary QVI Foods Sdn Bhd signing a Sale and Purchase Agreement (SPA) yesterday to acquire a parcel of freehold agricultural land in Seri Kembangan, Selangor for a cash consideration of RM19 million, or approximately RM205 psf, according to its announcement on Bursa Malaysia.