Singapore ultra-wealthy population to grow 46% in next five years; buying power for luxury homes falls
This article appeared in the May 12, 2026 issue of the monthly print edition.
Chow urges tighter monitoring of Penang development projects
BALIK PULAU (May 30): All members of the State Executive Council, along with state government departments and agencies, including local authorities (PBT), have been instructed to enhance monitoring of development projects across Penang to ensure they remain on track.
AYER Holdings posts strong 1QFY2026 with 137% revenue growth, 233% rise in profit
PETALING JAYA (May 29): Ayer Holdings Bhd (AYER) delivered a strong start to FY2026, with revenue rising 137% year-on-year to RM42.
Inta Bina bags RM227 mil contract for mixed development in Klang
KUALA LUMPUR (May 29): Inta Bina Group Bhd (KL:INTA) said on Friday it has secured a RM227.
YTL Corp’s property and construction divisions support 3QFY2026 revenue growth as net profit declines
PETALING JAYA (May 29): YTL Corp Bhd recorded higher revenue for the third quarter ended March 31, 2026 (3QFY2026), supported by stronger contributions from its property, construction and selected infrastructure-related operations, although overall earnings were weighed down by softer performance in several other business segments.
Golden Village Properties marks completion of 112-unit Residensi Pauh Harmoni development in Penang
PETALING JAYA (May 29): Golden Village Properties (GVP) marked the completion of Residensi Pauh Harmoni with a handover of keys event on April 26 in Seberang Perai Tengah, Penang.
Selangor Dredging maintains 3 sen dividend and strengthens cash position despite FY2026 loss
PETALING JAYA (May 29): Selangor Dredging Bhd (SDB) maintained a single-tier dividend of 3.
Berjaya Corp’s property and hospitality revenue rise, but weaker retail and services widen 3Q loss
PETALING JAYA (May 29): Berjaya Corp Bhd’s (BCorp) property and hospitality segments delivered higher revenue in the third quarter ended March 31, 2026 (3QFY2026), supported by progress billings and stronger occupancy, but weaker contributions from its non-food retail and services businesses saw the group’s net loss widen.
Mah Sing posts resilient 1Q2026 with RM1 bil cash, RM978 mil new sales and highest dividend payout in two decades
PETALING JAYA (May 29): Mah Sing Group Bhd reported a resilient start to 2026, backed by a strong cash position of about RM1 billion and steady sales momentum, while delivering its highest dividend payout ratio in more than 20 years.
IOI Properties 3Q profit soars on stronger Singapore contributions, land sale gains
KUALA LUMPUR (May 29): IOI Properties Group Bhd (KL:IOIPG) posted a more than threefold jump in its third-quarter net profit, driven by the consolidation of its Singapore assets and a RM130 million land sale in Melaka, as well as broad operational improvements across all its business segments.
