Malaysia: Kuala Lumpur and the Klang Valley, Penang, Johor and Iskandar, listed developers and the REIT market.
PETALING JAYA (Nov 11) — S P Setia Bhd recorded RM2.34 billion in sales in the first nine months of 2026 and reduced borrowings by RM402 million over the period, as the developer maintained its focus on debt reduction and prudent launches. The group said in a statement on Wednesday (Nov 11) that its net gearing stood at 0.30 times at Sept 30, compared with 0.35 times a year earlier. However, net profit for the third quarter ended Sept 30, 2026 (3QFY2026) fell 52.1% to RM32.61 million from RM68.03 million a year earlier. Revenue declined 22.9% to RM672.55 million from RM872.26 million.
Matrix Concepts Holdings Bhd is pursuing an integrated township approach for its development in the Malaysia Vision Valley 2.0 (MVV 2.0) corridor, combining industrial, commercial and residential components. The plan aims to attract industrial investors by offering more than land and factory buildin
Industry experts said Malaysia needs stronger industrial ecosystems, better investment coordination and more capable local suppliers to secure a greater role in global supply chains. The call came during a panel at the launch of EdgeProp's industrial report in Petaling Jaya.
SoftBank, Grab and Petroleum Sarawak will invest US$1.85 billion in two artificial intelligence infrastructure projects in Malaysia. The partners aim to build at least 5 gigawatts of data centre capacity across Sarawak and Peninsular Malaysia. SoftBank provides US$1 billion in seed capital, Grab con
Malaysia's Entrepreneur Development and Cooperatives Minister Steven Sim Chee Keong said foreign investors' tax incentives will be tied to job creation for Malaysians and business opportunities for local SMEs. Speaking at the Malaysia Industrial Forum 2026, he also urged the property sector to balan
I-Berhad's property investment segment posted a 30% year-on-year rise in profit before tax to RM20 million for the nine months ended Sept 30, 2026. However, group PBT fell to RM37.7 million from RM53.4 million, with revenue declining to RM130.6 million.
A terrace house at Taman OUG in Kuala Lumpur was sold for RM928,000, according to Joseph Tin Kok Hua of CID Realtors Sdn Bhd. The property had a distinctive side-staircase layout that created a spacious living area, and was on the market for three months before the sale.
Sunway REIT reported a 1.7% rise in net property income to RM501.2 million for the nine months ended Sept 30, 2026, driven by a 12% retail NPI jump to RM395 million. The quarterly NPI fell 3.9% to RM173.8 million, partly due to the absence of rental income from the disposed Sunway University and Col
AmanahRaya Real Estate Investment Trust (ARREIT) has repossessed Wisma ELM in Damansara Heights, Kuala Lumpur, after its corporate tenant vacated prematurely. The affected tenancy accounts for about 7 per cent of the REIT's total portfolio gross annual rental income.
Cropmate Bhd plans to acquire four acres of vacant industrial land in Bintulu, Sarawak, for RM12 million in cash. The site, held under a 60-year lease expiring in 2078, will host a fertiliser factory and warehouse to support the group's East Malaysia expansion.
KSL Puteri Residences is a proposed 39-storey serviced apartment in Taman Puteri Wangsa, Ulu Tiram, Johor Bahru. The freehold development will offer 1,974 units sized from 432 to 980 sq ft, with indicative pricing of RM232,100 to RM445,000. Target completion is 2029.
Nexus Sedenak, a 2,940-acre integrated development in Kulai, is being positioned to broaden the local economy beyond data centres with a proposed inland port and mixed industrial, logistics and lifestyle components. Deputy Communications Minister Teo Nie Ching said Budget 2027 identified the project
Sunimax Development Sdn Bhd must sell all its properties via a court-recorded tender to repay RM69.56 million to Supermax Corp co-founders Datuk Cheryl Tan Bee Geok and Datuk Seri Thai Kim Sim. The Shah Alam High Court consent order, recorded on Nov 10, requires a valuation within 30 days and a tend
JLL Malaysia reported a gradual recovery in the property market at its Q3 2026 media briefing on Nov 10. Office occupancy improved, industrial vacancy fell, and residential transactions remained below year-earlier levels. The consultancy highlighted demand for quality space and potential support fro
YNH Property Bhd is working to complete a RM170 million land disposal to Sunway Living Space by January 2027, with net proceeds of about RM105 million earmarked for a RM170 million sukuk redemption due Feb 26, 2027. The developer faces a RM6.8 million shortfall in its sukuk reserve account, which MA
Prime Minister Datuk Seri Anwar Ibrahim has called for Malaysia to develop its own modular construction capabilities rather than rely on imported systems. The push supports the 13th Malaysia Plan target of 500,000 affordable homes by 2030 and the wider goal of one million homes by 2035.
Prime Minister Datuk Seri Anwar Ibrahim has ordered flood mitigation projects to be sped up and announced RM2,500 assistance for eligible flood-hit households in Selangor. The Selangor government has stopped development works in Puncak Alam pending a review of flood safeguards and environmental impa
The Housing and Local Government Ministry has partnered with the Malaysian Private Accommodation Association to pilot a management framework for short-term rental accommodation in Sepang, Selangor. The proof-of-concept project launched on Nov 6 will test registration, licensing, operational standard
UEM Sunrise Bhd’s MAIA Mont’Kiara has recorded a 60% take-up rate since its soft launch in August 2026, ahead of its official launch on Nov 10. The RM1.17 billion freehold development comprises 495 units across two 45-storey towers, with prices starting from RM1.54 million.
EcoWorld has launched Duduk Santai 3, the third residential phase under its duduk collection within the Eco Spring township in Tebrau, Johor Bahru. The 627-unit freehold serviced apartment development offers 872 sq ft three-bedroom units with two car park bays, with indicative prices starting from R
Mah Sing Group has launched M Minori, a freehold serviced apartment development in Taman Seri Austin, Johor Bahru. The 1,526-unit project features Japanese-inspired Ikigai living, a 2.8-acre facilities deck, and a shuttle bus to the upcoming RTS station, with prices starting from RM379,000.
Haverse Quest Sdn Bhd has launched Regent’s Park, a freehold bungalow development on 50 acres within the East Ledang township in Iskandar Puteri, Johor. The project comprises 99 units across two phases, with bungalow land plots priced from RM3 million to RM17.6 million and standard bungalows listed
APB Resources Bhd has agreed to sell its vacant Menara APB office building in Shah Alam to Darul Ehsan Investment Group Bhd for RM45 million cash. The proceeds will largely be used to repay borrowings, with the company expecting annual interest savings of RM1.67 million.
Nestcon Bhd has won a RM161 million contract from B.U. Developments Sdn Bhd to construct a 36-storey serviced apartment block in Bandar Baru Ulu Kelang, Selangor. The 34-month project, awarded on Nov 2, 2026, is expected to contribute positively to Nestcon's financial metrics.
Hextar Technologies Solutions Bhd (HexTech) is asking non-interested shareholders to approve the sale of its wholly-owned subsidiary Guper Bonded Warehouse Sdn Bhd, which holds five freehold parcels in Nilai, Negeri Sembilan. The related-party transaction is expected to generate total cash proceeds
MARC Ratings has downgraded YNH Property Bhd's RM700 million Sukuk Wakalah programme to B (IS) and placed it on MARC Watch Negative after a RM6.8 million reserve-account shortfall triggered a technical default. The developer's ability to meet a RM170 million sukuk maturity in February 2027 depends o
Hektar Real Estate Investment Trust has cancelled a unitholders' meeting scheduled for Nov 16 to consider its RM125 million acquisition and lease of KYS KL East International School. The manager, Hektar Asset Management, cited outstanding conditions precedent under the sale and purchase agreement th
Malaysian builder Sunway Construction has secured two major data centre contracts worth a combined RM2.66 billion. The jobs comprise MEP fit-out works in Johor and a full build in Serendah, Selangor, lifting the firm's year-to-date new orders to RM9.8 billion.
Malaysia's Rural and Regional Development Ministry has reallocated RM200 million, or 48.4% of the original 2026 budget for the Program Perumahan Rakyat Sejahtera, to settle rural road project arrears. Land ownership disputes, unsuitable sites and overlapping applicant names delayed the housing progr
Johor is studying whether surplus treated water from DayOne's Kempas Tech Park plant, which is expanding to 20 million litres per day, can be further treated for public use. Menteri Besar Datuk Onn Hafiz Ghazi has called for immediate technical discussions involving DayOne, Permodalan Darul Ta'zim a
IOI Corp Bhd has identified at least two additional plantation estates near Tenaga Nasional Bhd grid points for potential solar leasing, following its landmark 500MW Bahau project. Group CEO Datuk Lee Yeow Chor confirmed the group is evaluating further opportunities but did not name the estates.
Malaysia's residential property loan approval ratio dropped to 39.1% in the first half of 2026, the lowest since 2021, as approved financing declined despite rising applications. The EdgeProp Property Market Report H1/2026 highlights a mismatch between available housing and buyer budgets, with unsol
KSL Holdings Berhad has launched KSL Jewel, a freehold high-rise serviced residence in Plentong, Johor Bahru. The development comprises two 36-storey towers with 864 residential units and 18 retail shops, with unit sizes from 506 sq ft to 1,388 sq ft. Indicative prices range from RM246,000 to RM469,
Summer Suites, a 44-storey freehold serviced apartment development by Connoisseur Properties, has been launched in Johor Bahru city centre. Located about 850m from the JB CIQ and the upcoming Bukit Chagar RTS Station, the project offers 748 units sized from 599 sq ft to 912 sq ft, with prices starti
Macrovest Sdn Bhd’s 69-storey, 498-unit Westin Residences Penang, the tallest residential tower in Penang and the first Westin-branded residence in Malaysia, won the Top Development (Northern Malaysia) title in the high-rise category at the EdgeProp Singapore Excellence Awards (EPEA) 2026. The proje
Conlay by E&O, a 51-storey freehold serviced apartment development in Kuala Lumpur, was named Top Development (Central Malaysia) in the high-rise category at the EdgeProp Singapore Excellence Awards 2026. The 491-unit project, a joint venture between Malaysia's Eastern & Oriental Bhd and Japan's Mit
Tanco Holdings Bhd and a unit of China Nuclear Industry Huaxing Construction Co Ltd have accepted a RM700 million letter of award to build an industrial warehouse complex in Pulau Indah, Selangor. The project includes two ambient warehouses, a cold storage warehouse, office and supporting facilities
Kobay Technology Bhd’s property development division reported a 95% jump in pre-tax profit to RM1.43 million for the first quarter ended Sept 30, 2026, driven by short-term rental income, despite a 29% drop in revenue to RM7.21 million. The division returned to profit from a pre-tax loss of RM1.27 m
Bon Estates’ 410-unit freehold Bon Kiara in Mont Kiara has won the Top Development (Central Malaysia) high-rise title at the EdgeProp Singapore Excellence Awards 2026. Priced at an average of RM700 psf, the project targets multi-generational families and downsizers, with about 70% of buyers being Ma
Daiso Malaysia Group has opened its RM1.2 billion Global Distribution Centre in Pulau Indah, the Japanese retailer's largest warehouse worldwide. The automated facility will handle over 4,600 outbound containers annually to supply 27 countries and territories across Asia, the Middle East, Australia
Sentral REIT’s realised net income rose 0.5% to RM59.72 million for the nine months ended Sept 30, 2026, driven by higher occupancy and rental rates. Portfolio occupancy hit 90%, up four percentage points from a year earlier, marking six consecutive quarters of improvement.
SD Guthrie Bhd’s industrial development profit before interest and tax rose 78% year-on-year to RM770 million in the first nine months of 2026, contributing about 24% of group PBIT. Group net profit for the period increased 15.6% to RM2.32 billion, despite a slight dip in revenue.
Sunway Construction Group Bhd (SunCon) has secured a RM1.739 billion contract to build a hyperscale data centre in Bandar Serendah, Selangor. The build-only contract boosts SunCon's total outstanding order book to RM13.4 billion and lifts new orders this year to RM9.8 billion.
Kerjaya Prospek Group Bhd has secured its first Tenaga Nasional Bhd contract through a consortium for the Paka substation project in Terengganu, with an attributable value of RM142.1 million. The group also strengthened its collaboration with ES Sunlogy Bhd, awarding two Pulau Andaman subcontracts w
Kee Ming Group Bhd has secured a RM44.17 million subcontract to carry out electrical engineering works at a hyperscale data centre in Puncak Alam. The works are expected to be completed by July 30, 2027.
Binastra Corp Bhd has secured a RM303.8 million fixed-price lump-sum contract from PTT Synexis Sdn Bhd to build an industrial warehouse in Bandar Bukit Raja, Klang. The project includes a single-storey warehouse with automated storage, a mezzanine, a three-storey office, and ancillary buildings, wit
Eng Han Group has topped out its 49-storey Tangen Residences in North Kiara, Segambut, with about 90% of the 413 units taken up. The freehold development has a gross development value of RM358 million and is scheduled for vacant possession in the fourth quarter of 2027.
Malaysia's property loan applications rebounded 12.6% year-on-year in September, but cumulative approvals for the first nine months of 2026 fell 0.6% to RM211.2 billion. MBSB Research expects developers' earnings growth to remain selective amid elevated costs and cautious homebuyer sentiment, while
Malaysian architect Shin Chang, who grew up in Kuala Lumpur's Chinatown, is leading efforts to revive the historic neighbourhood. Through projects such as ChoCha Foodstore (2016) and REXKL (2019), he has drawn visitors back to a district that had declined from the late 1980s onwards.
A court-ordered auction of the Mines Waterfront Business Park property in Petaling, Selangor, failed to attract any bidders on Wednesday. The leasehold site, spanning 667,147 sq ft and owned by a Country Heights subsidiary in liquidation, had a reserve price of RM152.77 million.
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