Malaysia: Kuala Lumpur and the Klang Valley, Penang, Johor and Iskandar, listed developers and the REIT market.
PETALING JAYA (Sept 9): The Malaysian Anti-Corruption Commission (MACC) has said no Johor state executive councillor, state government officer or agency is linked to its investigation into alleged corruption and abuse of power involving applications for housing lots at Felda Tenggaroh 2 in Mersing. The clarification followed the detention on Monday (Sept 7) of the chairman of the 2nd Generation Housing Site Action Committee at Felda Tenggaroh 2, according to reports by Bernama, The Star and other local media.
Scientex Bhd posted a 29.5% rise in net profit to RM199.92 million for the fourth quarter ended July 31, 2026, lifted by stronger performance from both its property and packaging divisions. Revenue grew 17.7% to RM1.40 billion, and the group recommended a final dividend of six sen per share for FY20
Hektar Real Estate Investment Trust (KL:HEKTAR) has appointed Datuk Seri Jamil Bidin, 69, as chairman effective immediately, filling a vacancy left since 2023. Jamil brings experience from senior roles at Putera Capital Bhd, KUB Malaysia Bhd and Halal Industry Development Corp.
Crescendo Corp Bhd has received the balance purchase price and late-payment interest for a RM263.21 million Johor land sale to MSFusion Sdn Bhd, intended for a data centre. The payment was made on 9 Sept 2026, following a default notice issued in August.
Singapore-listed Centurion Corp has agreed to buy a 7,974-bed purpose-built worker accommodation in Pasir Gudang, Johor for RM214.5 million. The deal will be the group's largest such asset in Malaysia and increase its Malaysian bed capacity by 22% to 43,980 beds.
An office unit at MOF Inc Tower in Kuala Lumpur has been rented for RM80,130 per month, reflecting RM7.10 psf. The tenant was attracted by the fully furnished fit-out and the layout, which allowed immediate occupancy.
TRC Synergy Bhd's wholly-owned subsidiary TRC Construction Sdn Bhd has accepted a RM149.98 million subcontract from Gamuda Engineering Sdn Bhd for underground services works at a hyperscale data centre. The contract commenced on 14 Aug 2026 and is scheduled for completion by 25 Nov 2026.
Paramount Corp Bhd has signed six land sale and purchase agreements with a combined potential gross development value of RM4 billion. Two acquisitions covering 387 acres have been completed, while four others are pending completion.
Kwasa Land is looking for an operator for a five-acre hospital plot within the 2,255-acre Kwasa Damansara township in Selangor, which is expected to house 100,000 residents by 2050. The township is planned for 27,335 residential units, including 11,200 affordable homes, as it enters its next develop
NCT Alliance Bhd has started handing over vacant possession for the first phase of its NCT Smart Industrial Park in South Selangor, and launched the 241-unit KM2 component of Phase 2. Phase 1 comprises 280 solar-equipped industrial units with nearly 90% take-up, making NSIP the first development und
Sime Darby Property Bhd has unveiled Prestige Collection 1, its first ready-built semi-detached factories at BBR Business Park in Bandar Bukit Raja, Selangor. The 5,040 sq ft units were launched at the Bandar Bukit Raja Industrial & Commercial Connect 2026 event, where the developer also previewed Q
YNH Property Berhad is launching Residensi Bangsar South, a freehold condominium with 374 units in Kuala Lumpur's Bangsar South precinct. The low-density project offers layouts exceeding 1,800 sq ft and is positioned as a family-oriented alternative to larger high-rises in the area.
Plytec Holding Bhd has applied for banking facilities of up to RM7.52 million to partly fund its RM6.21 million purchase of a 4.83-acre freehold site in Kuala Langat and an estimated RM2.15 million land conversion premium. The application remains pending as of Sept 7, with the group expecting to fin
Magma Kiara Sdn Bhd has launched WOLO Mont Kiara, a 60-storey hospitality-led mixed-use tower along Persiaran Dutamas. The project comprises 378 branded private residences, 98 serviced suites, a 63-room boutique hotel affiliated with Design Hotels under Marriott Bonvoy, and five retail lots.
Regalton KLCC is a new 65-storey serviced residence development along Persiaran KLCC, featuring two towers with 850 units from 698 sq ft to 4,235 sq ft. Indicative prices start at RM977,200 and reach up to RM9.467 million for larger units.
LBS Bina Group has signed a tenancy agreement with Mydin Mohamed Holdings for a supermarket at KITA @ Cybersouth in Dengkil, Selangor. The MYDIN outlet will occupy about 1.37 acres with a 24,000 sq ft built-up area, becoming the township's first supermarket.
Malaysia's Housing and Local Government Ministry has urged prospective homebuyers to verify developers and housing projects via the TEDUH portal before committing to a purchase. The portal, which has recorded over 45 million visits since 2017, provides licence status, sales permits and project progr
Mah Sing Group Bhd has been recognised as one of Malaysia’s Top 10 Developers at the Hubexo Asia Awards 2026 for the 15th consecutive year. The award, formerly known as the BCI Asia Awards, evaluates the value of construction projects and incorporates green building ratings.
Penang will auction a 6-acre freehold plot in Tanjung Pinang on Oct 7 to raise funds for the Ayer Itam to Tun Dr Lim Chong Eu Highway bypass, which is 92.46% physically complete but only 81.69% financed. The reserve price is RM313.632 million, or RM1,200 psf, with proceeds shared between the state a
Kyliez Suites @ KL City Centre, a 37-storey freehold mixed development by EXSIM Avenue Sdn Bhd, has launched on Jalan Ampang. The project comprises 126 serviced residences and 220 office suites, with units from 323 sq ft studios to 657 sq ft dual-key layouts, priced from RM1,272,705 to RM1,676,470 f
Smart Budget Economy Sdn. Bhd. has launched Myra Yara, a low-density condominium on 6.015 acres in Putra Heights, Selangor, with 219 units across an 18-storey building. The project offers layouts from 800 sq ft to 2,751 sq ft, with indicative starting prices from approximately RM191,250, targeting f
The Housing and Local Government Ministry has proposed financial incentives for green buildings and a big-data analytics model to better match housing supply with demand. The announcements were made at the opening of the Malaysia Property Expo 2026 in Kuala Lumpur, which targets nearly RM2 billion i
C.T. World Development has launched Aman Residensi, a freehold high-rise development in Bandar Bukit Raja, Klang, Selangor. The project comprises 1,120 units across two blocks, with three-bedroom layouts from 800 sq ft to 900 sq ft, targeting eligible Malaysian first-time buyers and families.
Industrial property prices in Sepang, Selangor, range from RM300,000 to RM18.21 million, with location less decisive than asset-specific factors such as land area, built-up size and tenure, according to Oregeon Property Consultancy data from 2023–2025. The analysis reveals three broad price tiers: l
Shin Yang Group Bhd has agreed to acquire an 8.316ha leasehold industrial property in Kuching, Sarawak, for RM34 million from Forescom Plywood Sdn Bhd. The related-party transaction will support the expansion of the group's door-to-door logistics operations.
AmFIRST REIT is seeking unitholders' approval to sell Menara AmBank to AmBank (M) Bhd for RM331 million cash. The proposed disposal would lower the REIT's pro forma gearing to 33.94% from 46.60% and is expected to improve distribution per unit to 3.24 sen from 2.87 sen. A unitholders' meeting is sch
Kerjaya Prospek Group Bhd has secured an RM858 million contract for mechanical, electrical and plumbing fit-out works at a data centre in Iskandar Puteri, Johor. Separately, the group has completed the acquisition of the remaining 40% stake in Tanjung Bungah Development Sdn Bhd, making it a wholly-o
Media Chinese International Ltd has agreed to sell its former media operations office and printing facility in Richmond, British Columbia, for C$6.85 million (RM19.88 million). The freehold property, which has been vacant since February, is expected to generate an unaudited gain of about C$5.26 mill
SkyWorld Development Bhd has been named Best Performing Company in the Property Sector at The Edge Malaysia ESG Awards 2026. The recognition follows its gold award in the Emerging Leader category at the 2025 edition and reflects its integration of environmental, social and governance considerations
Parkland By The Hill, a 36-storey, 568-unit condominium by Parkland Group, is coming up in Batu 9, Cheras. The project combines 73 villa-style units with 495 conventional condominium units, plus a sky facilities floor. Pricing, tenure and unit sizes are yet to be confirmed.
UDA Holdings Bhd has launched its Bonanza Memenuhi Impian 2026 campaign, offering buyers of 21 selected residential and commercial projects nationwide prizes including a Residensi Dedaun unit valued at RM508,000. The campaign runs until Dec 31, 2026, with draws scheduled through April 2027.
Heng Guan Development has started handing over 129 homes at Aera Gardens, the first residential phase of its 150-acre Aera Township in Sungai Petani North, Kedah. The RM828 million integrated township is being developed over five phases, with completion targeted by 2032.
A shop at USJ Sentral 3 in Subang Jaya, Selangor, was sold for RM3 million in a deal completed on 29 Jan 2026. The 8,232 sq ft six-storey unit changed hands at RM358.36 psf after six months on the market.
Avaland Bhd's RM86.04m purchase of three freehold land parcels in Taman U-Thant, Kuala Lumpur, has become unconditional. The 1.88-acre site, zoned residential, is planned for a high-rise development with an estimated GDV of RM700m, strengthening Avaland's luxury presence in the Klang Valley.
German life sciences firm Eppendorf SE has leased an 11.82-acre site at Bandar Cassia Technology Park in Penang from the Penang Development Corporation for 60 years. The company plans to invest about €40 million (RM186 million) in a greenfield facility, with production expected to start gradually in
A fully furnished bungalow in Taman Titiwangsa, Kuala Lumpur, has been leased for RM28,000 a month. The tenant was attracted by the strategic location, spacious layout, private pool and accessibility, with the property finding a tenant after a month on the market.
Nuvah Sdn Bhd, the Malaysian commercial arm of V3D Asia Ltd, plans to start construction in November on Villa Bayu, a 3D-printed luxury bungalow at the Gentlebre Precinct of Eco Majestic in Semenyih, Selangor. The project would be Malaysia’s first 3D-printed luxury bungalow, though details on size,
Hillcrest Botaniq, a freehold condominium in Taman Puchong Utama, Puchong, Selangor, has been launched with 988 units across three towers. The development features a 3-acre central park and is priced from RM576,500.
EXSIM MX4 Sdn. Bhd. has launched D’Nuri Residences @ Kwasa Damansara, a 492-unit serviced residence on leasehold commercial land. Starting from RM270,000, the 28-storey block offers compact 550 sq ft two-bedroom units and is within 400–600 m of Kwasa Sentral MRT Station, with completion scheduled fo
Think City managing director Datuk Hamdan Abdul Majeed says Seberang Perai will drive Penang’s growth over the next 50 to 100 years as the island runs out of land. The mainland, which contributes nearly half of Penang’s manufacturing value and houses more than half its workforce, is shifting from an
Magma Group Bhd has completed the disposal of its 20% interest in Heritage Lane Sdn Bhd, owner of the Impiana KLCC Hotel in Kuala Lumpur, for an estimated RM63 million. The transaction values the entire hotel owner at RM315 million. Proceeds will be used for debt repayment and reinvestment.
Chin Hin Group Property has topped out Ayanna Resort Residences in Bukit Jalil, Kuala Lumpur, with handover targeted for the second quarter of 2027. The RM732.1 million gross development value project has achieved a 95% take-up rate.
The Ministry of Housing and Local Government (KPKT) has become the first ministry in Malaysia to receive a GreenRE Gold Rating for its 38-storey office building in Putrajaya. Housing and Local Government Minister Nga Kor Ming said the certification reflects KPKT’s commitment to leading by example in
A government valuation officer told the High Court that the RM1.39 million compensation paid for 263.272 acres of prime Duta Enclave land in 1956 was more than adequate. Semantan Estate seeks higher compensation, but the valuer argued the payment exceeded his own estimate of RM875,000 based on compa
Malaysia’s English-language education, cost competitiveness and underdeveloped purpose-built student accommodation could attract institutional investors, JLL Malaysia says. However, the firm did not disclose local PBSA provision rates, bed counts or occupancy data, leaving its investment thesis yet
Taman Salak Megah, a boutique landed development in Salak Tinggi, Sepang, has launched with just 26 units of two-storey semi-detached homes. The project offers intermediate lots of approximately 40' x 74' with built-up areas of about 2,250 sq ft, with an indicative starting price of RM840,000.
EcoWorld has unveiled Eco Radiance, an 847-acre freehold township in Semenyih, Selangor. The first residential phase, Astrea Collection, offers two-storey terrace homes with built-ups from 1,700 sq ft to 2,300 sq ft, priced above RM680,000.
Jaluran Lakeview Sanctuary in Section 8, Shah Alam features just 10 double-storey semi-detached homes with land sizes from 4,047 to 5,554 sq ft and a lakeside setting beside Taman Wetland. Priced from approximately RM1.45 million, the boutique project targets families and owner-occupiers seeking exc
Penang’s medical tourism revenue rose 26.6% year-on-year to RM1.14 billion in 2025, with 527,176 foreign patients treated across 16 private hospitals. The sector now accounts for about 45% of Malaysia’s medical tourism revenue, driving developer interest in hospital-anchored residential and mixed-us
KongsiKL has turned a disused site on Old Klang Road into a community-driven arts and riverfront hub. Founded in 2017 by Joseph Foo and run rent-free on land owned by EXSIM Development, the initiative focuses on shared resources, stewardship and ground-up placemaking along the Klang River.
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